Clearwater Paper Reduces SBS Production at its Arkansas Facility
Clearwater Paper Corporation (CLW)
Last clearwater paper corporation earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
ir.clearwaterpaper.com/investor-relations
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Source: Business Wire
SPOKANE, Wash.--(BUSINESS WIRE)--Clearwater Paper Corporation (NYSE: CLW) today announced the restructuring of its Cypress Bend, Arkansas facility, resulting in the reduction of approximately 20% of salaried and hourly roles at the facility. The company plans to operate the facility at about half of its production capability. The company expects these actions to deliver $8 to $12 million of annualized cost savings, while not impacting shipment volumes.“We are faced with a supply driven downturn in our industry that is pressing margins and cash flows. We’ve made this difficult decision to improve our operating rates and reduce costs,” said Arsen Kitch, president and chief executive officer. “Our Cypress Bend mill is well invested and cost competitive, and we intend to return the mill to full production in the future when SBS industry conditions improve or through an investment in swing CUK capabilities."The company will provide severance packages, healthcare subsidies, and outplace
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News
- Clearwater Paper (CLW) was given a new $20.00 price target by Royal Bank Of Canada.MarketBeat
- Clearwater Paper Announces Availability and Timing of First Quarter 2026 Earnings Conference Call and WebcastBusiness Wire
- Clearwater Paper (CLW) had its price target lowered by Truist Financial Corporation from $16.00 to $15.00. They now have a "hold" rating on the stock.MarketBeat
- Clearwater Paper Reduces SBS Production at its Arkansas Facility [Yahoo! Finance]Yahoo! Finance
- Clearwater Paper Launches Velora™ Lightweight Paperboard for Everyday Packaging [Yahoo! Finance]Yahoo! Finance
CLW
Sec Filings
- 4/3/26 - Form 4
- 3/27/26 - Form ARS
- 3/27/26 - Form DEF
- CLW's page on the SEC website