Kimberly-Clark 2Q Hit by Higher Input Costs, Reversal in Demand
23 Julio 2021 - 7:14AM
Noticias Dow Jones
By Dave Sebastian
Kimberly-Clark Corp. said it is absorbing higher input costs and
seeing a reversal in consumer tissue volumes from last year's hot
demand.
"Our second quarter reflects continued pandemic-driven
volatility," Chairman and Chief Executive Officer Mike Hsu said
Friday. "We have moved decisively to take pricing actions to
mitigate inflationary headwinds and continue to prudently manage
costs."
The Texas-based maker of paper and fiber products posted net
income attributable to the company of $404 million for the second
quarter, down from $681 million in the prior year. Earnings were
$1.19 a share, compared with $1.99 a share in the year-ago
period.
Adjusted earnings were $1.47 a share. Analysts polled by FactSet
were expecting $1.71 a share.
Sales rose to $4.72 billion from $4.61 billion. Analysts were
looking for $4.77 billion.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 23, 2021 08:07 ET (12:07 GMT)
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