Kimberly-Clark Sees Higher Pulp Prices in 2021 -- Commodity Comment
23 April 2021 - 10:21PM
Dow Jones News
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)
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