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) 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.