KKenvue is the world's largest pure-play consumer health company, focusing on the development, manufacturing, and sale of over-the-counter medicines, personal care, skincare, and wound care across three segments: Self Care, Skin Health & Beauty, and Essential Health. Its products use established, science-backed formulas to address everyday health needs, from pain relief and allergy care to hygiene and skincare, sold through retailers and direct-to-consumer channels in more than 165 countries. The company differentiates itself with a long-running brand portfolio, a broad global distribution network, and a data-driven marketing approach that supports strong brand leadership. Its goal is to maintain market leadership in consumer health, grow its brands and channels (including direct-to-consumer), and explore strategic options while expanding globally.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Montgomery Township, New Jersey
Founded
2023
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Total Funding
$3.8B
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Kimberly-Clark has raised its dividend for 54 straight years, lifting the quarterly payout from $0.26 in 1999 to $1.28, up about 392%. The company now faces its biggest test in decades after closing a $49 billion acquisition of Kenvue on November 2, 2026. Cash cover is thin. Dividends cost $1.66 billion in 2025, against free cash flow of $1.64 billion. The latest raise, from $1.26 to $1.28, was about 1.6%. Management expects mid-single-digit adjusted earnings per share dilution in the first full year, targets about $1.9 billion in cost synergies, and aims for roughly two times leverage by the end of the deal's second year. The deal was funded partly by a $4.9 billion senior notes offering. The company plans to give its full outlook in February.
Kimberly-Clark has completed its acquisition of Kenvue and says it remains on track to deliver about $1.9 billion in cost synergies, executives said on the third-quarter earnings call. About one-third of the savings should come from overhead, including some role eliminations. Another 30% to 40% should come from cost of goods sold, such as procurement and distribution, with the rest from sales, marketing and trade-spending efficiencies. Chairman and chief executive officer Mike Hsu said the new operating model took effect this week. The first 100 days will focus on keeping operations running and capturing early savings, with growth the aim for 2027. The company expects 2027 adjusted EPS dilution of no more than the mid-single digits, then mid- to high-single-digit EPS growth in 2028 on a two-year compounded basis.
Kimberly-Clark completes Kenvue acquisition. GLOBAL | Kimberly-Clark has completed its acquisition of Kenvue, bringing 10 billion-dollar personal care and consumer health brands under one company. The transaction was finalised on 2 November 2026, following regulatory approvals in several markets, including New Zealand and Australia. The combined business includes brands such as Huggies, Kleenex, Kotex, Neutrogena, Listerine, Johnson's Baby, and Tylenol, with products sold in more than 175 countries. Kimberly-Clark expects approximately US$2.1 billion in annualised synergies, including US$1.9 billion in cost savings over the first three years following completion. These remain company forecasts. Chairman and Chief Executive Officer Mike Hsu said the company's immediate priority was to bring the businesses together and realise the opportunities created by the acquisition. For New Zealand, the completion follows the Commerce Commission's conditional clearance in August and the subsequent announcement that Sorbent would acquire Kenvue's Stayfree and Carefree brands in Australia and New Zealand. Under that agreement, Cottonsoft will manage the New Zealand business following completion of the separate divestment transaction. The enlarged Kimberly-Clark business will operate through four geographic divisions. New Zealand and Australia will sit within its Asia Pacific Focus Markets division, which represents approximately US$4.3 billion in annual sales based on combined 2025 figures. For retailers, attention now turns to the integration of the two businesses and how Kimberly-Clark manages its expanded brand portfolio, distribution arrangements, and supplier relationships. Share on.
Why There's no Kenvue earnings report coming on Nov. 5. A Kenvue earnings report for 5 November isn't coming - Kimberly-Clark closed its $48.7bn takeover days earlier and delisted the stock. * Published - 3 Nov 2026, 11:05 GMT * Read - 3 min There will be no Kenvue earnings report on 5 November, and investors positioning for one are a few days too late. Kimberly-Clark completed its acquisition of Kenvue on 2 November 2026, Kenvue's shares stopped trading on the New York Stock Exchange the same day, and S&P Dow Jones Indices removed Kenvue from the S&P 500 before the market opened on 4 November, replacing it with Okta. There is no standalone, earnings-reporting Kenvue left to watch. That matters because the premise circulating - treat Kenvue (formerly NYSE: KVUE) as an investable stock heading into a quarterly print - doesn't survive contact with the corporate record. The deal is real and well documented. The framing of what to do about it next is not. How the Kenvue earnings report question got settled. Kimberly-Clark and Kenvue signed their Agreement and Plan of Merger on 2 November 2025, a year to the day before completion. Under the terms disclosed by Kenvue's investor relations team, each Kenvue share converted into 0.14625 Kimberly-Clark shares plus $3.50 in cash, valuing the Tylenol and Listerine maker at an enterprise value of roughly $48.7bn. Shareholders of both companies approved the transaction at special meetings on 29 January 2026, according to a filing cited in Kimberly-Clark's own 8-K. The closing itself, confirmed by Reuters' wire report via Investing.com, made Kenvue a wholly owned subsidiary - since renamed Kenvue LLC - and triggered delisting via a Form 25 filing with the SEC. Kenvue's last independent quarterly results, filed as a 10-Q on 30 October 2026, showed revenue of $3.886bn, net income of $430m and diluted earnings per share of $0.22 for the quarter ended 27 September. That followed a run of quarters in the $3.7bn-$4bn revenue band stretching back to mid-2024, with EPS bouncing between $0.17 and $0.25 - a steady, unspectacular profile typical of a consumer-health business, and now the final chapter in Kenvue's standalone reporting history rather than a prelude to anything on 5 November. What the trading tape actually showed. In the 20 trading days before the deal closed, Kenvue shares ranged between $17.61 and $20.01, with trading volume running about 4.1 times the 20-day average as merger arbitrage positions unwound into the close. Short-sale activity tracked by FINRA fell steadily through the final fortnight, with the daily short-volume ratio dropping from 0.474 on 21 October to 0.227 on 30 October - the last session before the stock stopped changing hands - consistent with arbitrageurs closing out bets that the deal would complete on schedule rather than bracing for a surprise. The story that was actually worth watching. The more useful date for investors isn't a phantom Kenvue print - it's Kimberly-Clark's own first post-merger results, expected around 5 November, which will show how integration is landing on the combined group's books. Kimberly-Clark has reaffirmed expected run-rate synergies of roughly $2.1bn from the deal, split between about $1.9bn of cost savings within three years and around $500m of incremental revenue-synergy profit within four, net of reinvestment, according to njbiz.com's reporting on the closing. Whether those targets look credible, and what they imply for Kimberly-Clark's long-standing dividend, is the real near-term question for anyone who held Kenvue stock and now holds Kimberly-Clark shares and cash instead. There's also a liability changing hands alongside the brands. Kenvue's Tylenol business carries ongoing litigation over pregnancy-related acetaminophen claims; a U.S. appeals court recently declined to reconsider an adverse ruling against the company, a risk CNBC's Investing Club notes Kimberly-Clark now inherits in full. That's a materially different risk profile from the one Kenvue shareholders were pricing before the takeover, and it sits inside a financing backdrop where borrowing costs remain elevated - the 10-year Treasury yield stood at 4.94% and the 2-year at 4.56% in the days before the deal closed, according to Federal Reserve data, a relevant constraint on how cheaply a roughly $48.7bn, partly debt-funded acquisition can be carried. For readers still holding paper that says "Kenvue" on it, the practical next step isn't checking an earnings calendar - it's confirming through a broker statement how the cash-and-share conversion into Kimberly-Clark was processed, and watching Kimberly-Clark's guidance for signs of how cleanly the integration, and the inherited litigation, is being managed. This article is for information only and is not investment advice or a recommendation to buy or sell any asset. Markets move quickly; figures are correct as sourced at the time of writing. Always do your own research before making financial decisions.
Kenvue will leave the S&P 500 before the open on November 4, 2026, replaced by Okta, S&P Dow Jones Indices announced on October 30. Kimberly-Clark is acquiring the maker of Tylenol, Neutrogena, Listerine, and BAND-AID products. Kenvue holders will receive $3.50 in cash plus 0.14625 Kimberly-Clark shares per share, valued at $21.01 per share when announced on November 3, 2025. Kimberly-Clark holders will own about 54% of the combined company, and Kenvue holders about 46%. Okta, up 136% this year, moves up from the S&P MidCap 400, so funds tracking the S&P 500 must buy it. No closing date for the deal has been announced. Kenvue holders should watch Kimberly-Clark's first dividend after closing. A cut to its $1.28 quarterly payout would weaken the income case for staying on.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Montgomery Township, New Jersey
Founded
2023
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