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Stock impact report

Clearwater Paper Reports First Quarter 2024 Results [Yahoo! Finance]

Clearwater Paper Corporation (CLW) 
Last clearwater paper corporation earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
paperboard today reported financial results for the first quarter ended March 31, 2024. FIRST QUARTER HIGHLIGHTS Strong performance driven by lower input costs and continued strength in tissue Continued strong demand in tissue and improved customer demand in paperboard Severe weather event resulting in significant disruption to production at the Lewiston site Net sales of $496 million, down 6% from the first quarter of last year Net income of $17 million, or $1.02 per diluted share, down $7 million from the first quarter of last year Adjusted net income of $24 million, $1 million lower than the first quarter of last year Adjusted EBITDA of $62 million, $4 million lower than first quarter of last year Reduced net debt by $33 million, repurchased $1 million of outstanding shares with $6 million remaining under program "Despite the significant weather event that impacted the quarter, we delivered solid results that came in at the higher end of our expectations through Show less Read more
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