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 (NASDAQ: KMB) is a global personal care and sanitary paper product manufacturer whose brands, according to the company, are an indispensable part of life for people in more than 175 countries and territories. The KMB news page on Stock Titan aggregates company-issued announcements, earnings updates, strategic transactions and brand-level campaigns so readers can follow developments affecting Kimberly-Clark stock and its extensive portfolio of consumer and professional products.
Recent news releases highlight several key themes. Earnings announcements and related Form 8-K filings provide updates on quarterly results, organic sales growth, transformation initiatives and segment performance in North America and International Personal Care. Capital allocation and shareholder returns are covered through dividend declarations, where the company notes a multi-decade record of paying and increasing dividends.
Strategic moves are another major news category. Kimberly-Clark has announced an agreement to acquire Kenvue Inc., described as a global consumer health leader and the world’s largest pure-play consumer health company by revenue. Separate disclosures outline a joint venture involving the former International Family Care and Professional segment with Suzano S.A., reflecting ongoing portfolio reshaping. These items appear in both press releases and SEC-referenced communications.
Brand and social impact news is also prominent. Releases describe initiatives from Huggies, Depend and Thinx, including campaigns around men’s health, prostate cancer awareness, period stigma reduction and support for teen athletes. Additional stories cover the Kimberly-Clark Foundation’s partnerships with Baby2Baby, Plan International, Project HOPE and UNICEF to expand access to menstrual, maternal and infant care in multiple countries.
Investors, analysts and consumers can use this news feed to monitor how Kimberly-Clark’s strategic actions, financial results, acquisitions, joint ventures and purpose-driven programs relate to the KMB ticker and the company’s stated goal of delivering Better Care for a Better World.
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.
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.
FAQ
What is the current stock price of Kimberly-Clark (KMB)?
What is the market cap of Kimberly-Clark (KMB)?
