Kimberly-ClarkKMB

The company reported a strong third quarter with earnings per share of $1.70, which was about 3 percent higher than the $1.65 Wall Street analysts expected. While revenue of $4.13 billion was exactly in line with forecasts, the business showed it could keep profits growing through innovation and cost-cutting even in a difficult global market.

This quarter is a turning point because Kimberly-Clark just finished its acquisition of Kenvue, a major consumer health business. Management is keeping its full-year outlook the same for now, but the real story is how they will integrate Kenvue's products into their own system. If they can apply their existing playbook for saving costs to this new, larger business, it could lead to much higher profit margins over the next few years.

See the full quarter, and how our tracked metrics did

Source: 8-K filing

SEC filing on 2026-11-04: 8-K, 8-K filing: entered a material agreement; took on new debt or obligations; other event the company deems important.

What the filing says (its own text, every fact in the card must come from here, and NAME the specific person, role and date it gives): false 0000055785 KIMBERLY CLARK CORP 0000055785 2026-11-02 2026-11-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) : November 2, 2026 KIMBERLY-CLARK CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-225 39-0394230 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) P.O. Box 619100 Dallas , Texas 75261-9100 (Address of Principal Executive Offices) (Zip Code) ( 972 ) 281-1200 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1.25 Par Value KMB The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01. Entry into a Material Definitive Agreement. Assumption of Kenvue Notes As previously disclosed, on November 2, 2026, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of November 2, 2025, by and among Kenvue Inc., Kimberly-Clark Corporation (the "Corporation"), Vesta Sub I, Inc., a direct wholly owned subsidiary of the Corporation ("First Merger Sub"), and Vesta Sub II, LLC, a direct wholly owned subsidiary of the Corporation ("Second Merger Sub"), (i) First Merger Sub merged with and into Kenvue Inc. (the "First Merger"), with Kenvue Inc. surviving as a direct wholly owned subsidiary of the Corporation (the "Initial Surviving Company"), and (ii) immediately following the First Merger, and as part of the same overall transaction as the First Merger, the Initial Surviving Company merged with and into Second Merger Sub (the "Second Merger"), with Second Merger Sub surviving the Second Merger as a direct wholly owned subsidiary of the Corporation and renamed "Kenvue LLC" ("Kenvue"). Prior to the Second Merger, Kenvue Inc. was the issuer of the following series of notes under the indenture, dated as of March 22, 2023 (the "Kenvue Base Indenture"), between Kenvue Inc. and Deutsche Bank Trust Company Americas, as trustee (the "Kenvue Trustee"), as supplemented by (i) the first supplemental indenture, dated as of March 22, 2023 (the "Kenvue First Supplemental Indenture"), providing for the issuance of Kenvue Inc.'s 5.050% Senior Notes due 2028 (the "Kenvue 2028 Notes"), 5.000% Senior Notes due 2030 (the "Kenvue 2030 Notes"), 4.900% Senior Notes due 2033 (the "Kenvue 2033 Notes"), 5.100% Senior Notes due 2043 (the "Kenvue 2043 Notes"), 5.050% Senior Notes due 2053 (the "Kenvue 2053 Notes") and 5.200% Senior Notes due 2063 (the "Kenvue 2063 Notes") and (ii) the second supplemental indenture, dated as of May 22, 2025 (the "Kenvue Second Supplemental Indenture"), providing for the issuance of Kenvue Inc.'s 4.850% Senior Notes due 2032 (the "Kenvue 2032 Notes" and, together with the Kenvue 2028 Notes, the Kenvue 2030 Notes, the Kenvue 2033 Notes, the Kenvue 2043 Notes, the Kenvue 2053 Notes and the Kenvue 2063 Notes, the "Kenvue Notes"). The Kenvue Base Indenture, as supplemented by the Kenvue First Supplemental Indenture, the Kenvue Second Supplemental Indenture and the Kenvue Third Supplemental Indenture (as defined below) is referred to herein as the "Kenvue Indenture." In connection with the consummation of the Second Merger, Kenvue and the Kenvue Trustee entered into a Fourth Supplemental Indenture, dated as of November 2, 2026 (the "Kenvue Fourth Supplemental Indenture"), whereby Kenvue assumed the obligations of Kenvue Inc. under the Kenvue Indenture with respect to each series of Kenvue Notes. Upon the consummation of the Second Merger, Kenvue assumed $7,000,000,000 aggregate principal amount of Kenvue Notes, consisting of: (i) $1,000,000,000 aggregate principal amount of Kenvue 2028 Notes; (ii) $1,000,000,000 aggregate principal amount of Kenvue 2030 Notes; (iii) $750,000,000 aggregate principal amount of Kenvue 2032 Notes; (iv) $1,250,000,000 aggregate principal amount of Kenvue 2033 Notes; (v) $750,000,000 aggregate principal amount of Kenvue 2043 Notes; (vi) $1,500,000,000 aggregate principal amount of Kenvue 2053 Notes; and (vii) $750,000,000 aggregate principal amount of Kenvue 2063 Notes. The Kenvue Notes are Kenvue's general, unsecured senior obligations, and rank equally in right of payment with all of Kenvue's existing and future unsecured senior indebtedness, liabilities and other obligations. Interest and Maturity The Kenvue 2028 Notes bear interest at a rate of 5.050% per annum and will mature on March 22, 2028. The Kenvue 2030 Notes bear interest at a rate of 5.000% per annum and will mature on March 22, 2030. The Kenvue 2032 Notes bear interest at a rate of 4.850% per annum and will mature on May 22, 2032. The Kenvue 2033 Notes bear interest at a rate of 4.900% per annum and

Source: 8-K filing

Kimberly-Clark officially closed its acquisition of Kenvue on November 2, 2026. Under the terms of the deal, Kenvue shareholders received $3.50 in cash and about 0.146 shares of Kimberly-Clark stock for each share they owned. Kenvue is now a wholly owned subsidiary of the company.

This is a transformative move that adds ten billion-dollar brands to Kimberly-Clark's lineup. Management expects the combined company to save about $2.1 billion in annual costs once the two businesses are fully integrated. For long-term owners, the focus now shifts to how quickly the company can capture those savings while managing the new debt taken on to fund the cash portion of the deal.

Source: 8-K filing