Welcome to our dedicated page for Kimberly-Clark news (Ticker: KMB), a resource for investors and traders seeking the latest updates and insights on Kimberly-Clark stock.
Kimberly-Clark Corporation manufactures branded personal care, consumer tissue and professional hygiene products sold in more than 175 countries and territories. Its portfolio includes Huggies, Pull-Ups, Goodnites, Kotex, Depend, Poise, Kleenex, Scott, Cottonelle and WypAll, with updates often tied to product launches, brand initiatives, retailer availability and consumer-use innovations.
Recurring company developments include quarterly operating results, volume and pricing trends, productivity actions, investor conference presentations, governance and ethics matters, and supply-chain or logistics events affecting customer service. The company’s disclosures also describe its North American and international market activity and the role of major tissue and hygiene brands in its sales mix.
On April 22, 2022, Kimberly-Clark Corporation (KMB) announced its Q1 2022 results, reporting net sales of $5.1 billion, up 7% year-over-year due to a 10% organic sales growth. Adjusted earnings per share fell 25% to $1.35. The company expects full-year organic sales growth of 4-6% and adjusted EPS of $5.60-$6.00. Despite strong sales performance, input costs increased by $470 million, impacting profit margins. The acquisition of Thinx Inc. is projected to provide a modest benefit to sales.
Cottonelle, a leader in flushable wipes, has announced enhancements to its products, confirming they break down like toilet paper. This improvement aims to alleviate consumer concerns regarding flushability, as only one-third of Americans trust flushing such wipes. According to a recent survey, consumers value the extra cleanliness of flushable wipes but hesitate to flush them. Cottonelle claims its wipes lose strength four times faster after flushing compared to competitors and are now plumber approved. The brand collaborates with the International Water Services Flushability Group to ensure compliance with industry standards.
Kimberly-Clark Corporation (NYSE: KMB) will announce its first quarter 2022 financial results on April 22. The news release will be available at 6:30 a.m. CDT, followed by prepared remarks from Chairman and CEO Mike Hsu and CFO Maria Henry at 7 a.m. CDT. A live Q&A webcast for analysts is scheduled for 9 a.m. CDT. Stakeholders are encouraged to check Kimberly-Clark’s website for updates on future earnings releases and events.
Kimberly-Clark Corporation (NYSE: KMB) announced the retirement of CFO Maria Henry, effective September 1, 2022. Henry, who joined the company in 2015, has significantly influenced its strategic direction and financial management. Nelson Urdaneta, previously Senior VP at Mondelēz International, will succeed her after the upcoming earnings call on April 22, 2022. Urdaneta brings extensive global finance experience and is expected to enhance the company's growth strategy. Henry will assist during the transition, expressing optimism about Kimberly-Clark's future.
Kimberly-Clark Corporation (NYSE: KMB) announced the nomination of Sylvia Mathews Burwell to its Board of Directors, set for election at the 2022 Annual Meeting on April 27, 2022. Burwell, currently President of American University, has extensive experience, including serving as the U.S. Secretary of Health and Human Services and leading the White House Office of Management and Budget. She replaces retiring board member Ian Read. CEO Mike Hsu expressed enthusiasm about Burwell’s potential contributions to the company’s growth strategy.
The Association of Women's Health, Obstetric & Neonatal Nurses (AWHONN), with Huggies' support, launched the "Respectful Maternity Care (RMC) Framework and Evidence-Based Clinical Practice Guideline." These resources aim to enhance maternity care, reducing risks for birthing women. AWHONN highlights that 60% of maternal deaths are preventable, emphasizing disparities in care for Black and Indigenous mothers. The RMC toolkit provides guidelines for healthcare providers to ensure equitable care. This initiative strengthens nursing practices and advocates for improved maternal health.
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Cottonelle has pledged over $900,000 to BLKHLTH, a nonprofit focusing on Black health disparities, particularly for colorectal cancer awareness. This initiative coincides with March's Colorectal Awareness Month and aims to promote dialogue on sensitive health topics. The partnership, now in its second year, aims to increase access to at-home colorectal cancer screening tests. The campaign seeks to address the fact that Black adults are 20% more likely to be diagnosed with colorectal cancer, highlighting a critical health initiative that could save lives.
Kimberly-Clark Professional launched its new ICON™ dispenser collection on Feb. 28, 2022, featuring customizable faceplates designed for modern commercial washrooms. This innovative dispenser prioritizes user experience, featuring a direct drive automatic dispensing system with 99.99% jam-free operation and is 85% quieter than competitors, promoting hygiene with touch-free use. The collection includes various options for towel, toilet paper, soap, and sanitizer dispensers, enhancing aesthetics and functionality. The launch event featured artist Yoyo Ferro and highlighted the blend of art and hygiene.
On Feb. 24, 2022, Kimberly-Clark (NYSE: KMB) announced the completion of its acquisition of a majority stake in Thinx, Inc., a leader in reusable period and incontinence underwear. This follows an initial minority investment made in 2019. The acquisition aims to enhance Kimberly-Clark's portfolio of period and bladder leakage solutions while driving category growth through collaboration with retail partners. Both companies hope this partnership will help Thinx mainstream its innovative products. Transaction terms remain undisclosed.