AcquisitionsAug 4, 2026, 01:31 PM
Kimberly-Clark Advances Kenvue Acquisition; Q2 Net Sales $4.19B
AI Summary
Kimberly-Clark is progressing with its acquisition of Kenvue, having secured stockholder and antitrust approvals, and expects to close in the second half of 2026. The company also completed the formation of a joint venture for its International Family Care and Professional (IFP) segment with Suzano on July 1, 2026, divesting a 51% stake for approximately $1.7 billion. For Q2 2026, net sales from continuing operations increased to $4.19 billion, while net income attributable to Kimberly-Clark Corporation decreased to $345 million, impacted by discontinued operations and acquisition-related costs.
Key Highlights
- Kenvue Acquisition: Stockholder and antitrust approvals secured, targeting H2 2026 close.
- IFP Transaction: Completed July 1, 2026, forming JV with Suzano; KMB retains 49% equity.
- IFP Divestment Proceeds: Suzano acquired 51% of IFP for approximately $1.7 billion.
- Q2 2026 Net Sales from Continuing Operations increased to $4.19 billion from $4.16 billion YoY.
- Q2 2026 Net Income Attributable to KMB decreased to $345 million from $509 million YoY.
- Q2 2026 Diluted EPS from Continuing Operations was $1.22, down from $1.33 YoY.
- H1 2026 Diluted EPS from Continuing Operations was $2.91, up from $2.72 YoY.
- Kenvue Acquisition costs totaled $109 million in Q2 2026 and $157 million in H1 2026.
Price Impact
More from KMB