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 manufactures branded personal care, consumer tissue and professional hygiene products sold in more than 175 countries and territories. Its portfolio includes Huggies, Pull-Ups, Goodnites, Kotex, Depend, Poise, Kleenex, Scott, Cottonelle and WypAll, with updates often tied to product launches, brand initiatives, retailer availability and consumer-use innovations.
Recurring company developments include quarterly operating results, volume and pricing trends, productivity actions, investor conference presentations, governance and ethics matters, and supply-chain or logistics events affecting customer service. The company’s disclosures also describe its North American and international market activity and the role of major tissue and hygiene brands in its sales mix.
Kimberly-Clark has partnered with RWDC Industries to develop sustainable alternatives to fossil fuel-based plastics as part of its 2030 sustainability goal. This collaboration harnesses Kimberly-Clark's expertise in nonwoven technologies and RWDC's innovative biopolymer solution, Solon™, which is marine degradable. The partnership aims to address rising consumer and governmental demands for environmentally-friendly products. New products featuring this technology are expected to launch within the next five years, with an emphasis on addressing global demand for sustainability.
On May 24, 2021, a study by U by Kotex revealed that 40% of respondents faced challenges in purchasing period products, a 35% increase since 2018. This aligns with the launch of Period Poverty Awareness Week. The study highlighted that 23% of Black and 24% of Latina individuals struggled with affordability, with 27% citing COVID-19 as a barrier. U by Kotex has contributed over 41 million products since 2018 and pledged an additional $25,000 this year. The brand also partners with the National Foundation for Women Legislators to boost awareness and aid initiatives.
Kimberly-Clark Corporation (NYSE: KMB) will webcast its participation in the 2021 Bernstein Strategic Decisions Conference on June 3 at 10:00 a.m. CDT. CEO Mike Hsu will address strategies for enhancing shareholder value and respond to attendees' questions. Investors can access the webcast through the Investors section of the Kimberly-Clark website. The company is recognized globally for its trusted brands like Huggies, Kleenex, and Scott, operating in over 175 countries and maintaining a strong commitment to sustainability.
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.
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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.