KMB Kimberly-Clark Corp.
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products. The Consumer Tissue segment produces and sells facial and bathroom tissue, paper towels, napkins, and related products for household use. The K-C Professional segment supplies workplace supporting products such as wipers, tissue, towels, apparel, soaps, and sanitizers. The firm's brands include Depend, Huggies, Kleenex, Kotex, and Scott. The company was founded by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Frank C. Shattuck in 1872 and is headquartered in Irving, TX.
Company profile
Ticker
KMB
Exchange
Website
CEO
Michael D. Hsu
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
390394230
KMB stock data
()
Calendar
22 Apr 20
3 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 5.01B | 4.58B | 4.64B | 4.59B | |
| Net income | 660M | 547M | 671M | 485M | |
| Diluted EPS | 1.92 | 1.59 | 1.94 | 1.4 | |
| Net profit margin | 13.18% | 11.94% | 14.46% | 10.56% | |
| Operating income | 904M | 751M | 915M | 670M | |
| Net change in cash | 537M | 26M | -118M | 43M | |
| Cash on hand | 979M | 442M | 416M | 534M | |
| Cost of revenue | 3.22B | 3.02B | 3.09B | 3.11B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 18.45B | 18.49B | 18.35B | 18.29B | |
| Net income | 2.16B | 1.41B | 2.28B | 2.17B | |
| Diluted EPS | 6.24 | 4.03 | 6.4 | 5.99 | |
| Net profit margin | 11.69% | 7.63% | 12.42% | 11.84% | |
| Operating income | 2.99B | 2.23B | 3.36B | 3.38B | |
| Net change in cash | -97M | -77M | -307M | 304M | |
| Cash on hand | 442M | 539M | 616M | 923M | |
| Cost of revenue | 12.42B | 12.89B | 11.76B | 11.6B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 12 May 20 | Kimberly K Underhill | Common Stock | Sell | Dispose S | 139 | 4,679 | 650.38K | 33,058 |
| 12 May 20 | Kimberly K Underhill | Stock Option Common Stock | Option exercise | Dispose M | 103.06 | 4,679 | 482.22K | 19,018 |
| 12 May 20 | Kimberly K Underhill | Common Stock | Option exercise | Aquire M | 103.06 | 4,679 | 482.22K | 37,737 |
| 11 May 20 | Kimberly K Underhill | Common Stock | Sell | Dispose S | 139.1836 | 9,585 | 1.33M | 33,058 |
| 11 May 20 | Kimberly K Underhill | Common Stock | Option exercise | Aquire M | 103.06 | 9,585 | 987.83K | 42,643 |
| 11 May 20 | Kimberly K Underhill | Stock Option Common Stock | Option exercise | Dispose M | 103.06 | 9,585 | 987.83K | 23,697 |
| 9 May 20 | Wilkinson Tristram | Common Stock | Payment of exercise | Dispose F | 138.51 | 163 | 22.58K | 6,473.383 |
| 9 May 20 | Wilkinson Tristram | Common Stock | Option exercise | Aquire M | 0 | 345 | 0 | 6,636.383 |
| 9 May 20 | Wilkinson Tristram | Restricted Share Units 05/09/2018 (w/dividends reinvested) Common Stock | Option exercise | Dispose M | 0 | 345 | 0 | 345 |
| 1 May 20 | Drexler Andrew | Common Stock | Payment of exercise | Dispose F | 136.78 | 159 | 21.75K | 252 |
Institutional ownership Q1 2020
71.1% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 1486 |
| Opened positions | 116 |
| Closed positions | 133 |
| Increased positions | 471 |
| Reduced positions | 636 |
13F shares |
Current |
|---|---|
| Total value | 326.5B |
| Total shares | 242.09M |
| Total puts | 890.6K |
| Total calls | 2.6M |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 29.27M | $3.74B |
| BLK BlackRock | 24.98M | $3.19B |
| STT State Street | 18.45M | $2.38B |
| N Price T Rowe Associates | 7.68M | $981.57M |
| AMP Ameriprise Financial | 5.9M | $756.85M |
| Geode Capital Management | 5.79M | $739.26M |
| BAC Bank of America | 5.54M | $708.55M |
| IVZ Invesco | 4.86M | $621.11M |
| Massachusetts Financial Services | 4.78M | $610.93M |
| NTRS Northern Trust | 4.59M | $587.12M |
Financial report summary
?Competition
Lakeland Industries • Alpha Pro Tech • Buckeye • Sri Surgical Express • Durect • Edgewell Personal Care • Diversey • Diversey • Cellu Tissue • Pacira BiosciencesRisks
- Increasing dependence on key retailers in Developed Markets and the emergence of new sales channels may adversely affect our business.
- Intense competition for sales of our products, changes in consumer purchasing patterns and the inability to innovate or market our products effectively could have an adverse effect on our financial results.
- Our international operations are subject to foreign market risks, including changes in foreign currency exchange rates, currency restrictions and political, social and economic instability, which may adversely affect our financial results.
- Damage to the reputation of Kimberly-Clark or to one or more of our brands could adversely affect our business.
- If our information technology systems suffer interruptions, failures or breaches, or we fail to comply with data privacy or similar regulations, our business operations could be disrupted and we could face financial and reputational damage.
- Significant increases in prices for raw materials, energy, transportation or other necessary supplies or services, without corresponding increases in our selling prices, could adversely affect our financial results.
- There is no guarantee that our ongoing efforts to reduce costs will be successful.
- Government regulations and enforcement, and potential litigation, could have an adverse effect on our financial results.
- New or revised tax regulations could have an adverse effect on our financial results.
- We may divest or acquire product lines or businesses, which could impact our results.
Management Discussion
- •Net sales of $5.0 billion increased 8 percent compared to the year-ago period, including organic sales growth of 11 percent. Changes in foreign currency exchange rates reduced sales by 2 percent and business exits in conjunction with the 2018 Global Restructuring Program reduced sales slightly.
- •Operating profit was $904 in 2020 and $655 in 2019. Net Income Attributable to Kimberly-Clark Corporation was $660 in 2020 compared to $454 in 2019, and diluted earnings per share were $1.92 in 2020 compared to $1.31 in 2019. Results in 2020 and 2019 include charges related to the 2018 Global Restructuring Program.
- Over the past few months, we have seen the profound impact that the novel coronavirus (COVID-19) is having on human health, the global economy and society at large. Kimberly-Clark has been actively addressing the COVID-19 situation and its
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
|
|
New words:
accelerate, accelerated, Additionally, addressing, adverse, adversely, alternative, behavior, Box, carefully, center, chapter, check, closure, company, complying, Conduct, contingency, defined, demand, disclosed, distancing, duration, ease, economy, electronically, EmployerIdentification, enhance, environment, eventual, exempt, exhibited, experience, experienced, experiencing, extra, factor, February, file, filed, filer, filing, fixed, flexibility, great, health, high, home, human, hybrid, incorporated, incredibly, Interactive, interbank, intraperiod, Kingdom, knowledge, large, largely, leave, London, mark, methodology, mill, mitigate, monitor, negotiated, network, oil, order, outbreak, pandemic, past, perspective, population, preceding, prevent, priority, profound, proud, prudently, quarterly, rapidly, rebuild, recognition, registered, registrant, remotely, replacement, return, revised, Rule, safety, saving, scanning, scope, SEC, shell, shorter, sick, situation, smaller, social, society, steady, strength, strong, submit, submitted, suspending, teamwork, temporarily, temporary, thermal, travel, uncertainty, utilize, volatility, WASHINGTON
Removed:
account, administration, allocating, amended, anticipate, anticipation, ASEAN, borrowing, China, commenced, commencement, commonly, component, concentrated, contractual, decline, decrease, depreciable, determinable, discipline, discount, discrete, eligible, enable, enacted, ensure, equivalent, essentially, exercised, expensed, fell, finance, fourth, GILTI, growing, handling, impairment, implicit, inception, incur, initial, intangible, international, land, lease, leasehold, legislation, lessee, lessor, leveraging, location, minimum, noncancelable, nonlease, opening, option, package, paid, permanently, plan, policy, present, proper, provisional, readily, reassessed, reassessing, reassessment, recast, reinvested, remaining, remeasurement, rent, represent, requirement, residual, resolution, restrictive, reverse, single, system, Targeted, terminate, title, transfer, upfront, warehousing, written
Financial reports
10-Q
2020 Q1
Quarterly report
22 Apr 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
22 Oct 19
10-Q
2019 Q2
Quarterly report
23 Jul 19
10-Q
2019 Q1
Quarterly report
22 Apr 19
10-K
2018 FY
Annual report
7 Feb 19
10-Q
2018 Q3
Quarterly report
22 Oct 18
10-Q
2018 Q2
Quarterly report
24 Jul 18
10-Q
2018 Q1
Quarterly report
23 Apr 18
10-K
2017 FY
Annual report
8 Feb 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 20
8-K
Kimberly-clark Announces First Quarter 2020 Results
22 Apr 20
8-K
Other Events
26 Mar 20
8-K
Other Events
24 Mar 20
8-K
Other Events
7 Feb 20
8-K
Kimberly-clark Announces Year-end 2019 Results and 2020 Outlook
23 Jan 20
8-K
Departure of Directors or Certain Officers
17 Dec 19
8-K
Michael D. Hsu Elected Chairman of Kimberly-Clark
21 Nov 19
8-K
Kimberly-clark Announces Third Quarter 2019 Results
22 Oct 19
8-K
Kimberly-Clark Names Mark Smucker to Board of Directors
18 Sep 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
25 Mar 20
FWP
Free writing prospectus
24 Mar 20
424B5
Prospectus supplement for primary offering
24 Mar 20
424B5
Prospectus supplement for primary offering
31 Jan 20
FWP
Free writing prospectus
30 Jan 20
424B5
Prospectus supplement for primary offering
30 Jan 20
S-8
Registration of securities for employees
24 Sep 19
424B5
Prospectus supplement for primary offering
24 Apr 19
FWP
Free writing prospectus
23 Apr 19
424B5
Prospectus supplement for primary offering
23 Apr 19
Proxies
DEFA14A
Additional proxy soliciting materials
8 Apr 20
DEFA14A
Additional proxy soliciting materials
6 Mar 20
DEF 14A
Definitive proxy
6 Mar 20
DEFA14A
Additional proxy soliciting materials
8 Mar 19
DEFA14A
Additional proxy soliciting materials
8 Mar 19
DEF 14A
Definitive proxy
8 Mar 19
DEF 14A
Definitive proxy
16 Mar 18
DEFA14A
Additional proxy soliciting materials
16 Mar 18
DEF 14A
Definitive proxy
27 Feb 17
DEFA14A
Additional proxy soliciting materials
27 Feb 17
Other
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
24 May 18
CERTNYS
Certification of approval for NYSE listing
14 Aug 17
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
27 May 16
NO ACT
No action letter
25 Jan 16
CT ORDER
Confidential treatment order
24 Jul 15
SD
Conflict minerals disclosure
22 May 15
SD
Conflict minerals disclosure
2 Jun 14
Ownership
3
KIMBERLY CLARK / Gustavo Lopez Ghory ownership change
2 Jul 20
4
KIMBERLY CLARK / Kimberly K Underhill ownership change
13 May 20
4
KIMBERLY CLARK / Tristram Wilkinson ownership change
11 May 20
4
KIMBERLY CLARK / Andrew Drexler ownership change
4 May 20
4
KIMBERLY CLARK / Andrew Drexler ownership change
30 Apr 20
4
KIMBERLY CLARK / Jeffrey P. Melucci ownership change
30 Apr 20
4
KIMBERLY CLARK / ALISON LEWIS ownership change
30 Apr 20
4
KIMBERLY CLARK / MARIA HENRY ownership change
30 Apr 20
4
KIMBERLY CLARK / J. Scott Boston ownership change
30 Apr 20
4
KIMBERLY CLARK / Tristram Wilkinson ownership change
30 Apr 20
Patents
APP
Utility
Elasticated Materials with Directional Stretch Properties
2 Jul 20
Elasticated materials and absorbent articles comprising elasticated materials are disclosed.
GRANT
Utility
Absorbent article with body conforming structure
30 Jun 20
An absorbent article has a top sheet, a back sheet, and an absorbent assembly positioned between the back sheet and the top sheet.
GRANT
Utility
Printed 3D-elastic laminates
30 Jun 20
An aesthetically pleasing elastic film with three-dimensional characteristics is provided.
GRANT
Utility
Ultrasonic anvil having low transmissibility
30 Jun 20
An anvil system for use in an ultrasonic bonder includes an anvil assembly including an anvil bar having an anvil aperture in at least one anvil bar longitudinal end, the anvil aperture having an anvil aperture inner surface, a shaft separate from the anvil bar and partially disposed in the anvil aperture, the shaft having a circumferential surface and extending outwardly beyond the anvil bar longitudinal end, and a first elastomeric shaft O-ring disposed on the shaft between the shaft circumferential surface and the anvil aperture inner surface; a mounting bracket with a mounting bracket hole having a hole surface; a bushing disposed in the mounting bracket hole and sized to accommodate an end of the shaft, the bushing having a bushing inner surface; and a second elastomeric shaft O-ring disposed on the shaft between the shaft circumferential surface and the bushing inner surface.
GRANT
Utility
Compressed tissue carton
30 Jun 20
Generally, the present disclosure relates to a carton for dispensing compressed tissue sheets comprising a carton having an oversized carton opening and a compressed stack of tissues, such as facial tissues.