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KMB Kimberly Clark Corp

135.835
-0.095 (-0.07%)
Last Updated: 15:48:44
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kimberly Clark Corp NYSE:KMB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.095 -0.07% 135.835 135.84 134.17 135.46 370,695 15:48:44

Kimberly-Clark Sees Higher Pulp Prices in 2021 -- Commodity Comment

23/04/2021 1:21pm

Dow Jones News


Kimberly Clark (NYSE:KMB)
Historical Stock Chart


From Apr 2019 to Apr 2024

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By Mary de Wet

 

Kimberly-Clark Corp. is anticipating higher pulp prices this year after its input costs rose in the first quarter.

 

On its first quarter:

"First-quarter adjusted operating profit was $804 million in 2021 and $997 million in 2020. Results were impacted by lower sales volumes and $135 million of higher input costs, driven by pulp, other materials and distribution costs," the maker of diapers, toilet paper and tissues said.

 

On the outlook:

Kimberly-Clark nearly doubled its 2021 forecast for key input costs to $900 million to $1.05 billion, from $450 million to $600 million previously.

"The increased estimate is driven by polymer-based materials and pulp," the company said.

 

Write to Mary de Wet at mary.dewet@dowjones.com

 

(END) Dow Jones Newswires

April 23, 2021 08:06 ET (12:06 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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