Nov 5, 6:33 AM ET
Kimberly-Clark Corporation reported third quarter 2026 net sales of $4.1 billion, down 0.4 percent year-over-year, alongside a 1.3 percent decline in organic sales driven by headwinds in China and North American inventory movements. Diluted earnings per share from continuing operations were $1.19, while adjusted EPS rose 17.2 percent to $1.70. Additionally, the company completed its Kenvue acquisition and the International Family Care and Professional transaction.
- Delivered third quarter net sales of $4.1 billion, representing a 0.4 percent decrease compared to the prior year.
- Reported third quarter diluted EPS from continuing operations of $1.19, and adjusted EPS of $1.70.
- Completed the Kenvue transaction and the International Family Care and Professional transaction during the quarter.
Read the filing on SEC.gov ↗
Nov 4, 5:05 PM ET
On November 4, 2026, Kimberly-Clark settled exchange offers under which holders of Kenvue notes, assumed after its merger with Kenvue, exchanged them for new Kimberly-Clark notes with the same rates and maturities. The amendments removed substantially all restrictive covenants from the Kenvue notes still outstanding, so the financing terms for shareholders change mainly through the new Kimberly-Clark debt and the reduced protections for remaining Kenvue noteholders.
- Settlement date was November 4, 2026; exchange offers expired November 2, 2026
- Kimberly-Clark issued seven series of notes, with accepted principal ranging from $702,706,000 (4.850% notes due 2032) to $1,478,073,000 (5.050% notes due 2053)
- Early participants received $970 principal of new notes, a $30 premium and $1.00 cash per $1,000 Kenvue notes tendered
- Kimberly-Clark notes are general, unsecured senior obligations ranking equally with its existing unsecured senior debt
Read the filing on SEC.gov ↗
Nov 2, 9:10 AM ET
Kimberly-Clark has completed its previously announced acquisition of Kenvue, uniting portfolios that include 10 billion-dollar brands and expanding its global footprint. In connection with the transaction, the board approved an integration program expected to result in cumulative pre-tax charges of approximately $3.1 billion and appointed three former Kenvue directors to the board.
- Kenvue shareholders received $3.50 in cash and 0.14625 shares of Kimberly-Clark common stock per share, with Kimberly-Clark delivering approximately 281,060,840 shares in the aggregate.
- The Kenvue Integration Program is expected to incur cumulative pre-tax charges of approximately $3.1 billion and capital expenditures of approximately $1.4 billion through December 31, 2029.
- Richard E. Allison, Jr., Larry J. Merlo, and Kirk L. Perry joined the board of directors, replacing Mae C. Jemison, Christa S. Quarles, and Jaime Ramirez.
- Named executive officers received one-time, premium-priced nonqualified stock option grants effective December 1, 2026, including $6,600,000 for CEO Michael Hsu.
Read the filing on SEC.gov ↗
Oct 29, 5:15 PM ET
Kimberly-Clark completed a $4.9 billion private offering of five tranches of senior unsecured notes due 2028 through 2036. The company says it will use the proceeds, with cash on hand and commercial paper borrowings, to pay the cash consideration for its proposed acquisition of Kenvue and related fees. If the Kenvue acquisition is not completed by the outside date, or the company says it will not pursue it, the notes must be redeemed at 101% of principal plus accrued interest.
- Five tranches total $4.9 billion: $750 million due 2028 at 5.100%, $1.0 billion due 2029 at 5.300%, $1.25 billion due 2031 at 5.450%, $750 million due 2034 at 5.650%, and $1.15 billion due 2036 at 5.800%.
- The remaining $3.9 billion of JPMorgan Chase bridge loan commitments, of the original $7.7 billion, was terminated on October 29, 2026, after the note sale closed.
- Special mandatory redemption at 101% applies if the Kenvue acquisition is not completed within five business days after the later of May 31, 2027 or any later agreed outside date.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
