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Kimberly-Clark Corporation (NYSE: KMB) news hub provides investors and stakeholders with centralized access to official company communications and market-moving developments. Track all essential updates from this global leader in personal care and consumer tissue products, including earnings announcements, product innovations, and strategic initiatives.
This resource aggregates KMB's press releases, regulatory filings, and verified news coverage to streamline your research process. Find timely updates on quarterly financial results, sustainability progress, product launches, and leadership changes, all organized for efficient navigation. Regular updates ensure you stay informed about developments impacting this consumer goods leader's market position.
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Kimberly-Clark Corporation (NYSE: KMB) reported a 5% decline in net sales for Q1 2021, totaling $4.7 billion. Organic sales fell 8%, with a net income per share of $1.72, down from $1.92 in the previous year. Adjusted EPS also decreased to $1.80 from $2.13. The company projects full-year organic sales growth of 0-1% and adjusted EPS between $7.30 and $7.55, revised down from earlier estimates. The decline is attributed to supply chain disruptions and increased input costs, though market shares remain stable. The company continues to implement cost-saving strategies amidst a volatile market.
Kimberly-Clark Corporation (NYSE: KMB) announced significant executive leadership changes aimed at enhancing its global business strategy. Russ Torres, previously president of Kimberly-Clark Professional, will now serve as Group President of Kimberly-Clark North America, succeeding Kim Underhill, who has left after a commendable 33-year tenure. Torres brings over 20 years of industry experience, having held leadership roles at various top-tier companies. This leadership transition is expected to bolster the company's North American consumer business, which includes well-known brands like Huggies and Kleenex.
Kimberly-Clark Corporation (NYSE: KMB) will release its first quarter 2021 financial results on April 23, 2021, at approximately 6:30 a.m. CDT. The announcement will be shared through PR Newswire and First Call.
Additionally, prepared remarks from Chairman and CEO Mike Hsu and Senior VP and CFO Maria Henry will be available at 7 a.m. CDT, with a live analyst Q&A webcast scheduled for 9 a.m. CDT. More details can be found on the company's website.
Kimberly-Clark Corporation (NYSE: KMB) announced price increases for its North American consumer products, effective late June 2021. These mid-to-high single-digit increases aim to counteract rising commodity costs. The price adjustments will predominantly affect the baby and child care, adult care, and Scott bathroom tissue products. This move reflects the company's response to inflation affecting its operational costs.
On World Water Day, Kimberly-Clark launched WaterLOUPE 2.0, an enhanced open-source tool designed to aid communities in assessing water scarcity risks. Co-developed with Deltares, the tool facilitates scenario modeling, enabling users to quantify water shortages and explore mitigation strategies. Since 2018, it has fostered collaboration in water-stressed regions like Cali, Cape Town, and Sao Paulo. The company aims to reduce its water footprint by 50% by 2030 and improve the lives of 1 billion underserved people while ensuring sustainable resource management.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Paula Ramos as Chief Strategy Officer, effective March 15, 2021. This marks a significant milestone as she becomes the first Latina on the executive team. With 18 years at McKinsey, Ramos brings extensive experience in consumer goods and growth strategies, particularly in Latin America and the United States. Her role will focus on enhancing the company's enterprise strategy and accelerating growth initiatives.
On March 9, 2021, Kimberly-Clark Professional announced its ongoing efforts to support essential cleaning professionals during the pandemic. Collaborating with ISSA and the Global Biorisk Advisory Council, the program has so far funded $500,000 for scholarships, providing over 6,131 scholarships across 84 countries. This initiative primarily targets small and women-owned businesses, supporting their training and operational needs. The program aims to award 50% of scholarships to women, nearing its goal while highlighting the critical role of cleaning professionals in maintaining public safety.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Robert Long as the new Chief Research and Development Officer, effective March 15, 2021. Long, who brings over four decades of experience in the consumer goods industry, will oversee global research, development, innovation, and quality functions, reporting to CEO Mike Hsu. Previously at Coca-Cola, Long's leadership is expected to drive innovation and enhance product quality across Kimberly-Clark's extensive brand portfolio.
Cottonelle has partnered with BLKHLTH to address colorectal cancer disparities among Black Americans. The initiative includes a $750,000 donation to support educational programs and provide free at-home screening tests. Colorectal cancer is the second leading cause of cancer deaths in the U.S., disproportionately affecting Black individuals who face a 40% higher death rate compared to White Americans. Early detection can lead to a 90% survival rate. The partnership aims to spread awareness and reduce stigmas surrounding screening.
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