Kimberly-Clark Corp Stock Price, News & Analysis

Depend brand has launched the Stand Strong for Men's Health campaign, partnering with MLB All-Star Mark Teixeira and the Prostate Cancer Foundation (PCF). This initiative aims to raise awareness about the connection between prostate cancer and incontinence. For every Depend Guards or Depend Shields purchased in November, $1 will be donated to PCF, with a goal of raising up to $200,000. The campaign highlights the importance of men's health and encourages discussions about incontinence.

Kimberly-Clark Corporation (NYSE: KMB) has appointed John W. Culver to its board of directors, effective immediately. Culver, who is currently the group president at Starbucks, will also join the company's Audit Committee. His extensive experience in global markets, particularly in China and other regions, is expected to enhance board discussions on growth strategies. CEO Mike Hsu expressed that Culver's insights will be valuable as the company aims to accelerate growth in developing markets.

Kimberly-Clark's Huggies brand is partnering with the National Diaper Bank Network to raise awareness for diaper need during National Diaper Need Awareness Week from September 21-27, 2020. One in three U.S. families experience diaper need, impacting their children’s health and well-being. To combat this, Huggies will donate a case of diapers for every specially marked package purchased at Walmart throughout September, aiming to donate up to five million diapers. Awareness efforts are crucial, especially due to the increased need stemming from the COVID-19 crisis.

On September 3, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced its definitive agreement to acquire Softex Indonesia for approximately $1.2 billion. This strategic acquisition aims to enhance Kimberly-Clark's market share in the growing Indonesian personal care market, particularly in the diaper sector, which is valued at $1.6 billion. Softex Indonesia ranks second in the diaper market and has consistently delivered double-digit growth, with 2019 net sales of $420 million. The acquisition is expected to close in Q4 2020, financed through debt and cash.

Kimberly-Clark Corporation (NYSE: KMB) will participate in the 2020 Barclays Global Consumer Staples Conference on September 9 at 9:00 a.m. CDT. Chairman and CEO Mike Hsu will outline the company's strategies for enhancing shareholder value. The webcast can be accessed via the Investors section of Kimberly-Clark's website, where presentation materials will also be available. Kimberly-Clark operates in over 175 countries and offers top brands like Huggies and Kleenex, holding leading market positions globally. Sustainable practices are a core focus for the company.

Kimberly-Clark has joined the U.S. Plastics Pact, a significant initiative aimed at transforming plastic waste management in the U.S. By 2025, Kimberly-Clark commits to ambitious goals including ensuring all plastic packaging is 100% reusable, recyclable, or compostable, and achieving a 30% average of recycled content in packaging. The company emphasizes transparency through annual reporting on its progress. This move aligns with its broader 2030 sustainability strategy, targeting improved lives for one billion people worldwide while minimizing environmental impacts.

The latest offering from Pull-Ups®, New Leaf™, features plant-based ingredients like sugarcane, providing the same trusted protection parents expect. Celebrated for its superior softness, it aims to make potty training a comfortable experience for children. Exclusive designs from Disney’s "Frozen II" are included, enhancing engagement. The product is hypoallergenic, has soft, refastenable sides, and offers leak protection. Sizes 2T-5T are now available at retailers nationwide.

The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a regular quarterly dividend of $1.07 per share. This dividend is scheduled for payment on October 2, 2020, to stockholders of record on September 4, 2020.

This marks the 48th consecutive year of dividend increases and the 86th straight year of dividend payments by Kimberly-Clark, reinforcing the company's commitment to returning value to shareholders.

Kimberly-Clark Corporation (KMB) reported second quarter 2020 net sales of $4.6 billion, reflecting a slight increase and 4% organic sales growth. Diluted net income per share rose to $1.99 compared to $1.40 in 2019, with adjusted earnings per share at $2.20, up 32% from the prior year. The company expects full-year net sales to increase by 1-2% with organic growth of 4-5%. Cash flow from operations reached $1,579 million. Kimberly-Clark is restoring financial guidance and restarting its share repurchase program after a temporary suspension due to COVID-19 uncertainties.