Kimberly-Clark Corporation is a global company focused on delivering products and solutions that provide better care through product innovation and building personal care, consumer tissue, and K-C Professional brands. The company primarily manufactures and markets a wide range of products made from natural or synthetic fibers and materials using advanced technologies. Kimberly-Clark operates in a competitive landscape with several major competitors, focusing on brand recognition, product innovation, quality, price, and marketing capabilities. The company's largest customer is Walmart Inc., representing approximately 13% of consolidated net sales in 2023.

• Employees: Approximately 41,000 (as of December 31, 2023)
• Geographic Footprint: Operates in approximately 60 countries outside of North America
• Headquarters: Dallas, TX
• Founded: 1872
• Number of locations/facilities: 82 principal production facilities (in 33 countries)
• Revenue: $20.4 billion (FY2023)
• Key Subsidiaries/Brands: Huggies, Pull-Ups, Kleenex, Scott, Kotex, Depend, WypAll, Kimtech and KleenGuard

• CEO: Michael D. Hsu (since January 2019)
• CFO: Nelson Urdaneta (since 2022)
• Board Chair: Michael D. Hsu (since January 2020)
• Other Key Executives: Ehab Abou-Oaf (President, K-C Professional), Doug Cunningham (President, K-C Europe, Middle East & Africa), Tamera Fenske (Senior Vice President and Chief Supply Chain Officer), Zackery Hicks (Chief Digital and Technology Officer), Sandra R.A. Karrmann (Senior Vice President and Chief Human Resources Officer), Alison Lewis (Chief Growth Officer), Robert Long (Chief Research and Development Officer), Grant B. McGee (Senior Vice President and General Counsel), Jeffrey Melucci (Chief Business and Transformation Officer), Paula S. Vaz Ramos (Chief Strategy and Transformation Officer), Russell Torres (Group President, K-C North America), Gonzalo Uribe (President, K-C Latin America), Tristram Wilkinson (President, K-C Asia Pacific)

Key leaders have extensive experience in consumer goods, healthcare, and technology industries.

• Annual Revenue: $20.4 billion (FY2023)
• Net Income: $1.8 billion (FY2023)
• Total Assets: $17.3 billion (as of December 31, 2023)
• Employees: Approximately 41,000 (as of December 31, 2023)
• Key Financial Highlights: Organic sales increased 5% in FY2023, diluted earnings per share were $5.21. Results include a net benefit related to the sale of the Brazil tissue and K-C Professional business of $0.08, charges related to the impairment of intangible assets of $1.36 and pension settlement charges of $0.08.

Kimberly-Clark offers a wide range of products across three main segments:

• Personal Care: Disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear (Huggies, Pull-Ups, Kotex, Depend, Thinx, etc.)
• Consumer Tissue: Facial and bathroom tissue, paper towels, napkins (Kleenex, Scott, Cottonelle, Viva, etc.)
• K-C Professional: Wipers, tissue, towels, personal protective equipment, soaps, and sanitizers (Kleenex, Scott, WypAll, Kimtech, KleenGuard)

Kimberly-Clark operates through three reportable global business segments:

• Personal Care: $10.7 billion in net sales (FY2023)
• Consumer Tissue: $6.3 billion in net sales (FY2023)
• K-C Professional: $3.4 billion in net sales (FY2023)

Kimberly-Clark's strategy focuses on delivering balanced, sustainable growth by growing brands, leveraging cost and financial discipline, and allocating capital effectively. Key initiatives include:

• Elevating the core business through innovation and category opportunities.
• Expanding markets, particularly in Personal Care.
• Investing in commercial capabilities, including digital marketing and revenue growth management.
• Driving supply chain productivity through the FORCE program.

The company is also focused on sustainability, aiming to reduce its environmental impact and promote responsible consumption.

Kimberly-Clark operates in highly competitive global markets, facing competition from branded products, private labels, and e-commerce. Key market trends include:

• Market Position: A leading global manufacturer in personal care, consumer tissue, and professional products.
• Key Competitors: Global, regional, and local manufacturers, including private label manufacturers.
• Industry Trends: Increased competition, growing e-commerce, changing consumer preferences, and sustainability concerns.

• Market Risks: Significant increases in raw material, energy, and transportation costs; intense competition; changes in consumer demand; and the impact of the war in Ukraine.
• Operational Risks: Supply chain disruptions, cyberattacks, data breaches, and failure of key technology systems.
• Financial Risks: Foreign currency exchange rate fluctuations, currency restrictions, and changes in credit ratings.
• Regulatory Risks: Compliance with product safety, environmental protection, and data privacy regulations.