Clearwater Paper Reports Fourth Quarter and Year End 2023 Results; Strategic Update
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), a premier supplier of quality consumer tissue and bleached paperboard today reported financial results for the fourth quarter and year ended December 31, 2023.2023 FOURTH QUARTER HIGHLIGHTSStrong performance driven by solid operational results and continued strength in tissueNatural gas disruption impacted Lewiston mill operations in NovemberNet income of $18 million, or $1.04 per diluted share and Adjusted EBITDA of $63 millionNet sales of $513 million, down 3% compared to the fourth quarter of 2022Reduced net debt by $32 million, repurchased $3 million of outstanding shares, with $7 million remaining under program2023 FULL YEAR HIGHLIGHTSOutstanding year driven by performance improvement in tissueNet income of $108 million, or $6.30 per diluted share and Adjusted EBITDA of $281 million, up $54 million versus 2022Net sales of $2.1 billion, flat compared with 2022, strong tissue demand offset softness in pap
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CLW
News
- Clearwater Paper Announces Closing of the Augusta Paperboard Manufacturing Facility AcquisitionBusiness Wire
- Clearwater Paper Co. (NYSE: CLW) had its price target raised by analysts at Royal Bank of Canada from $41.00 to $42.00. They now have a "sector perform" rating on the stock.MarketBeat
- Clearwater Paper Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Clearwater Paper Reports First Quarter 2024 ResultsBusiness Wire
- Clearwater Paper Announces Availability and Timing of First Quarter 2024 Earnings Conference Call and WebcastBusiness Wire
CLW
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- CLW's page on the SEC website