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 email@example.com
(END) Dow Jones Newswires
April 23, 2021 08:06 ET (12:06 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.