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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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Cottonelle, a brand under Kimberly-Clark, has partnered with BLKHLTH to enhance colorectal cancer awareness in the Black community, which faces significant health disparities. Following a $750,000 initial donation, nearly 3,000 free at-home screening tests have been distributed, with plans to double this number. In honor of Men's Health Month, an additional $50,000 will support further testing. The partnership also includes financial assistance for colonoscopies via the Colorectal Cancer Alliance. This initiative addresses critical health access issues affecting early cancer detection.
On May 18, 2021, Poise® Brand launched One by Poise®, a dual-purpose pad and liner that provides protection for both menstruation and bladder leaks. This innovative product is designed to help women manage both situations simultaneously, enhancing their comfort and confidence. In partnership with designer Whitney Port, Poise® also initiated the 'Canfessional' sweepstakes, offering a chance to win $10,000 towards a bathroom makeover. The initiative aims to promote awareness around the use of bathroom space for relaxation and self-care.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.14 per share, payable on July 2, 2021. This marks the 49th consecutive year of dividend increases and the 87th year of dividend payouts, demonstrating the company's commitment to returning value to shareholders. Kimberly-Clark serves over 175 countries with its portfolio of trusted brands, maintaining a strong market position with many products ranked No. 1 or No. 2 in 80 countries.
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.
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