December 1, 2001 |
Kimberly-Clark Corp. said it will close five plants that employ about 1,400 people because of weak demand, but remains on track to meet analysts' earnings expectations through next year. The Irving, Texas-based company, which makes Kleenex tissues, Huggies diapers and a variety of other paper and consumer goods, will close a plant in Vermont and four in Latin America. The job losses represent about 2% of its work force. Shares of Kimberly-Clark rose $2.33 to $58.17 on the NYSE.
October 16, 2001
* Kimberly-Clark Corp. said it will report an unexpected decline in third-quarter profit and full-year results will miss forecasts because of declining currencies and sluggish sales in Mexico. The maker of diapers and tissues said it now expects profit of 80 cents in the latest quarter, down from 84 cents a year ago. Profit for the full year should be $3.20 to $3.30 a share, compared with the $3.38 analysts expected.
January 10, 2001 |
Kimberly-Clark Corp., maker of Kleenex tissue and Scott paper towels, said it will raise prices 6% on towels and tissues sold to hotels and offices to recoup energy costs. The Feb. 15 price increase won't affect products sold directly to consumers, Chairman Wayne Sanders told investors at a conference in Miami. Kimberly-Clark also will delay any new acquisitions until the second half, he said. Dallas-based Kimberly-Clark bought Safeskin Corp.
February 24, 1999 |
Kimberly-Clark Corp. said that the WPP Group of global communications companies will handle all worldwide advertising for its consumer products. J. Walter Thompson, a WPP agency, has been awarded global creative advertising responsibility for the company's tissue brands, including Kleenex, Scott, Scottex and Andrex, it said. The accounts were previously shared by J. Walter Thompson, WPP's Ogilvy & Mather and Foote, Cone & Belding, which is a unit of Chicago-based True North Communications Inc.
December 11, 1998 |
Kimberly-Clark Corp., the world's biggest tissue-products company, said that it will reorganize along product lines, rather than geographic regions, to boost sales and speed the introduction of products worldwide. Senior executives will have global responsibility for its three businesses: tissues, which include Kleenex and Scott towels; personal-care products such as Huggies diapers; and health-care and nonwoven goods such as surgical face masks.
October 23, 1998 |
Boeing Co. rebounded to a better-than-expected profit in the third quarter despite lingering production problems, but the jet maker warned that Asia's recession will continue to suppress orders. Boeing earned $290 million, or 30 cents a share, exceeding the 27-cent average estimate of analysts polled by First Call Corp.