KIMBERLY CLARK CORP

Kimberly-Clark Corporation announced the early tender results for its exchange offers of Kenvue Inc. notes, successfully receiving the necessary consents to amend the governing indenture. These amendments will remove most restrictive covenants and certain default provisions. The settlement of these offers is contingent on the completion of Kimberly-Clark's acquisition of Kenvue, anticipated in the fourth quarter of 2026. The company also updated the consideration for tenders made after the early participation deadline.

Kimberly Clark Corporation announced that Russell Torres, President and Chief Operating Officer, has notified the company of his departure. His resignation will be effective November 2, 2026, as he plans to pursue other opportunities.

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.

Kimberly-Clark reported second quarter 2026 results with adjusted EPS from continuing operations up 10.4% to $1.80 and net sales increasing 0.6% to $4.2 billion. Adjusted operating profit grew 6.2% to $757 million, driven by productivity and tariff refunds, despite a negative impact from a China social media disruption. The company updated its 2026 outlook, moderating organic sales growth expectations due to the China disruption, while reaffirming strategic advancements like the Arbex joint venture and the pending Kenvue acquisition.

Kimberly-Clark Corporation announced that Andrew Scribner, its Vice President and Controller, will depart the company on May 22, 2026, to pursue other opportunities. Following his departure, Nelson Urdaneta, the company's Senior Vice President and Chief Financial Officer, will assume the role of principal accounting officer on an interim basis, in addition to his existing responsibilities.

Kimberly-Clark Corporation reported strong first-quarter 2026 financial results with significant growth in net income and EPS, alongside progress on major strategic initiatives. The acquisition of Kenvue, Inc. received stockholder approval and is expected to close in the second half of 2026, involving approximately $6.7 billion in cash and 280 million shares. Additionally, the divestment of a controlling interest in the International Family Care and Professional (IFP) segment to a joint venture with Suzano S.A. for $1.7 billion is on track for mid-2026.

Kimberly-Clark reported first quarter 2026 results with net sales of $4.2 billion, a 2.7% increase, driven by 2.5% organic sales growth. Adjusted diluted EPS attributable to the company rose 2.1% to $1.97. The company reaffirmed its 2026 outlook for organic sales growth and highlighted its preparation for the Kenvue acquisition, aiming to unlock significant value creation. Strong productivity savings and resilient consumer demand fueled the performance despite macroeconomic uncertainty.