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 reports developments in paperboard packaging products for North American converters. The company produces bleached paperboard used in folding cartons, food service packaging and commercial printing, with recurring updates on shipment volumes, pricing, SBS market conditions and operating performance.
Company news also covers portfolio and mill actions, including Velora lightweight folding carton paperboard, the premium Candesce brand, the Cypress Bend facility and the Augusta mill integration. Other recurring items include quarterly earnings materials, cost-reduction initiatives, capital-structure disclosures, material agreements and governance matters.
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.