Welcome to our dedicated page for Clearwater Paper news (Ticker: CLW), a resource for investors and traders seeking the latest updates and insights on Clearwater Paper stock.
Clearwater Paper Corporation (NYSE: CLW) is a manufacturer in the paperboard mills industry and a premier independent supplier of bleached paperboard packaging products to North American converters. The company reports that its high-quality paperboard supports sustainable packaging solutions for consumer goods and food service applications, and that it focuses on Solid Bleached Sulfate (SBS) paperboard used in folding cartons, food service items, and commercial printing products.
This news page aggregates CLW stock updates and company announcements drawn from Clearwater Paper’s public communications. Readers can follow quarterly earnings releases, where the company discusses net sales, net income or loss from continuing operations, Adjusted EBITDA from continuing operations, and the impact of acquisitions, divestitures, and cost reduction actions. Recent news has highlighted the acquisition of the Augusta, Georgia paperboard facility, the sale of the tissue business, and the company’s emphasis on becoming a focused paperboard packaging company.
Investors and followers of Clearwater Paper can use this feed to review information about major maintenance outages at mills, fixed cost reduction initiatives, and management’s commentary on SBS industry conditions and market dynamics as described by the company. The page also surfaces notices about upcoming earnings conference calls, webcasts, and participation in investor conferences hosted by financial institutions.
By checking this CLW news page, users can see how Clearwater Paper describes its operational performance, strategic priorities in paperboard packaging, and non-GAAP measures such as Adjusted EBITDA from continuing operations over time.
Clearwater Paper Corporation (NYSE:CLW) reported strong Q4 and full-year 2020 financial results due to elevated demand for tissue products. Q4 net income reached $23 million, or $1.34 per share, with net sales of $453 million, a 4% increase YoY. For 2020, net income was $77 million, a significant recovery from a loss in 2019, with sales up 6.1% to $1.9 billion. The company reduced net debt by $200 million during the year. Despite this success, demand volatility and inflationary pressures are anticipated in Q1 2021.
Clearwater Paper Corporation (NYSE: CLW) has temporarily suspended its pulp and paperboard operations in Cypress Bend, Arkansas, due to cold weather affecting natural gas deliveries. The company prioritizes employee safety and customer needs during this unexpected outage. Clearwater Paper plans to resume operations as soon as it is safe to do so. The anticipated impacts of this outage will be disclosed in the fourth quarter and full-year 2020 earnings announcement on February 25.
Clearwater Paper Corporation (NYSE: CLW) is set to announce its fourth quarter and full year 2020 results on February 25, 2021. The announcement will be followed by a conference call featuring President and CEO Arsen Kitch and CFO Mike Murphy at 2 p.m. PST, discussing results and future outlook. Interested parties can register for the call through a provided link. A replay of the webcast will be available until February 25, 2022, on Clearwater Paper’s official website. The company specializes in manufacturing tissue products and paperboard.
Clearwater Paper Corporation (NYSE: CLW) announced an update to its fourth quarter 2020 outlook, increasing expected Adjusted EBITDA from $52-$62 million to $71-$76 million. This revision is due to higher tissue demand, strong operational performance, and favorable cost trends. CEO Arsen Kitch noted a significant increase in tissue product demand linked to COVID-19, with expected fourth quarter volumes surpassing those of 2019. The company remains focused on enhancing shareholder value through quality relationships and operational efficiency.
Clearwater Paper Corporation (NYSE: CLW) announced its participation in upcoming virtual investor conferences. On November 30, 2020, CFO Mike Murphy and VP Heidi Blair will present at the Bank of America Leveraged Finance Virtual Conference at 12 p.m. PST, with additional investor meetings on this day and December 2, 2020. On December 2, CEO Arsen Kitch will join a CEO panel at the RBC Capital Markets Forest Products Conference at 8:35 a.m. PST, alongside investor meetings.
For more information, visit www.clearwaterpaper.com.
Clearwater Paper Corporation (NYSE:CLW) reported strong financial results for Q3 2020, driven by high demand for tissue products. The company posted a net income of $21 million, or $1.28 per diluted share, up from a net loss of $11 million in Q3 2019. Adjusted EBITDA for the quarter was $77 million compared to $32 million the previous year. Net sales increased 3% to $457 million. For the first nine months, net sales reached $1.4 billion, reflecting a 7% gain, with net income of $55 million. The Consumer Products segment notably saw a 9% rise in sales.
Clearwater Paper Corporation (NYSE: CLW) is set to release its third quarter 2020 earnings results on November 3, 2020. CEO Arsen Kitch and CFO Mike Murphy will discuss these results and the company's outlook during a conference call at 2 p.m. PST on the same day. Interested participants can register for the call through a provided link. A replay of the webcast will be available until November 4, 2021. Clearwater Paper, a leading manufacturer of consumer and away-from-home tissue products, is committed to building shareholder value through quality and service.