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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 |
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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