Resolute Forest Products Inc. reported net income of $268 million for the quarter ended June 30, compared to net income of $6 million in the same period in 2020. Sales were $1,140 million in the quarter, an increase of $528 million from the year-ago period. Excluding special items, the company reported net income of $300 million, or $3.74 per diluted share, compared to a net loss of $22 million, or $0.25 per share, in the second quarter of 2020. The company reported operating income of $406 million in the second quarter, compared to operating income of $6 million in the second quarter of 2020. The improvement reflects higher selling prices ($500 million) in the wood products, pulp and paper segments, offset by the stronger Canadian dollar ($39 million), higher fiber costs ($27 million), and maintenance ($14 million). At $445 million, adjusted EBITDA in the second quarter was $408 million higher than the second quarter of 2020.
Kimberly-Clark today published its annual report on sustainability, providing the first update on the company’s global progress toward its 2030 sustainability strategy and goals, aimed at addressing the social and environmental challenges of the next decade with commitments to improve the lives and well-being of 1 billion people in underserved communities around the world with the smallest environmental footprint.
“Reflecting on the past year, I am incredibly proud of how Kimberly-Clark and our people responded in a powerful way when the world needed us the most,” said Mike Hsu, Chairman and CEO, Kimberly-Clark. “We know the hard work is still ahead of us, and growing for good means that we must be bolder and act faster to help address the social and environmental challenges facing our customers, consumers, communities, and the planet.”
To meet these challenges, Kimberly-Clark’s social impact ambition aims to break down barriers, eliminate stigmas and create opportunities with its purpose-driven brands, including Huggies®, Kleenex®, Andrex®, Cottonelle®, Scott®, Kotex® and Depend®, through programs and innovation that serve unmet societal needs. These efforts are supported by the Kimberly-Clark Foundation, whose social and community investments support work to increase access to clean water and sanitation, help children thrive, and empower women and girls.
At the same time, Kimberly-Clark’s continued success will be dependent on innovating new ways to give consumers the essentials they need while safeguarding natural systems and the life they support. To that end, the company is striving to create the smallest environmental footprint in the areas where it can make the biggest difference – climate, forests, plastics and water.
more at : https://investor.kimberly-clark.com/news-releases/news-release-details/kimberly-clark-reports-progress-toward-its-2030-sustainability