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 (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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The Kleenex brand has partnered with Dr. Contessa Metcalfe to address consumer concerns about the upcoming cold and flu season. A recent survey revealed that 87% of Americans plan to prepare for the season, with 80% intending to buy preventive items like facial tissues and hand sanitizers. Dr. Metcalfe emphasizes hygiene and using Kleenex tissues to reduce the spread of viruses. Kleenex also offers Soothing Lotion tissues to alleviate dry skin due to frequent use. This initiative aims to promote health awareness as cold and flu season approaches.
Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.07 per share, payable on January 5, 2021, to shareholders on record as of December 4, 2020. This marks the 48th consecutive year of dividend increases and the 86th year of dividend payments. Additionally, KMB has scheduled its next annual shareholder meeting for April 29, 2021.
Kimberly-Clark continues its commitment to combat the global sanitation crisis through its 'Toilets Change Lives' program, launched in 2014. The initiative has improved sanitation access for over 5 million people across 12 countries, with significant efforts in Bangladesh, where new public toilets have generated over 1.6 million uses since 2017. Additionally, the program aims to address menstrual hygiene education and support women's employment in the sanitation sector, fostering sustainable job creation. This work aligns with UN goals for clean water and sanitation.
Kimberly-Clark Corporation (KMB) announced significant executive leadership changes effective November 1, 2020. Jeff Melucci has been promoted to Chief Transformation, Business Development, and Legal Officer, taking over from Achal Agarwal, who will retire after 12 years with the company. Additionally, Gonzalo Uribe has been appointed President of Kimberly-Clark's Latin American consumer business. These changes aim to enhance organizational capabilities and accelerate the execution of the company's global strategy, with a focus on strengthening its digital business foundation.
Kimberly-Clark Corporation (NYSE: KMB) reported third-quarter 2020 net sales of $4.7 billion, a 1% increase year-over-year, with organic sales growth of 3%. Diluted net income per share was $1.38, down from $1.94 in Q3 2019. The company adjusted its full-year outlook, now expecting adjusted EPS of $7.50 to $7.65, reflecting growth of 9-11%. Operating profit decreased to $666 million, impacted by increased costs and unfavorable currency effects. Despite challenges in K-C Professional, strong demand in consumer products has driven overall sales growth amid the ongoing pandemic.
Kimberly-Clark Corporation (NYSE: KMB) will host a live webcast to discuss its third-quarter 2020 results on October 22 at 9 a.m. CDT. Participants will include Chairman and CEO Mike Hsu and Senior Vice President and CFO Maria Henry. A news release with detailed results will be distributed earlier that day via PR Newswire and First Call. Investors can access the webcast and related presentation via the Investors section on Kimberly-Clark's website.
On October 7, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced the appointment of Sandi Karrmann as Senior Vice President and Chief Human Resources Officer, effective October 26, 2020. Karrmann will oversee global HR functions such as talent recruitment, labor relations, and employee benefits, reporting to CEO Mike Hsu. With extensive experience in HR leadership roles at major companies, Karrmann is expected to enhance Kimberly-Clark's leadership capabilities and foster a strong organizational culture.
On October 1, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced the successful acquisition of Softex Indonesia, a prominent player in the growing personal care market in Indonesia. This acquisition is aimed at enhancing Kimberly-Clark's market share in Southeast Asia's largest economy. CEO Mike Hsu emphasized the strategic growth potential through combined innovation and brand strength, while maintaining Softex's local market expertise. The transaction's impact on adjusted earnings per share for 2020 and 2021 is expected to be minimal.
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