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) delivers essential tissue products and premium paperboard solutions to retailers and industrial partners worldwide. This news hub provides investors and industry professionals with timely updates on CLW's operational developments, financial performance, and market positioning.
Access official press releases covering earnings reports, manufacturing innovations, sustainability initiatives, and strategic partnerships. Our curated news collection enables stakeholders to monitor CLW's progress in both consumer markets (private-label tissue) and industrial sectors (specialty paperboard packaging).
Key updates on raw material sourcing strategies, production capacity changes, and environmental compliance efforts are maintained here for your analysis. The archive serves as a historical record of CLW's responses to packaging industry trends and retail sector demands.
Bookmark this page for direct access to Clearwater Paper's verified announcements, including new product launches, executive appointments, and facility expansions. Regular updates ensure you stay informed about this manufacturer's role in critical supply chains from household goods to food service packaging.
Clearwater Paper (NYSE: CLW) has announced the timing for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results on Tuesday, August 6, 2024, after market close. A conference call to discuss the results will be held on the same day at 2 p.m. Pacific Time, led by President and CEO Arsen Kitch and CFO Sherri Baker.
Interested parties can register for the conference call using a provided link, which will send confirmation details including dial-in information. Registration is open until the call starts, but it's recommended to register at least a day in advance. Additionally, a webcast and presentation slides will be accessible on Clearwater Paper's investor relations website.
Clearwater Paper (NYSE: CLW) will invest $23 million in a state-of-the-art facial tissue converting line at its Shelby, North Carolina facility. This 400-acre site, which already produces private-branded bathroom tissue, paper towels, napkins, and facial tissue, employs over 600 people. The investment aims to meet rising customer demand, optimize operational efficiency, and maintain high-quality standards. The decision to expand in Shelby is influenced by its strategic location, skilled labor availability, and strong community relationships.
Clearwater Paper (NYSE: CLW) will participate in two upcoming investor conferences. On June 4, 2024, CEO Arsen Kitch will join a fireside chat at Stifel’s 2024 Cross Sector Insight Conference in Boston, starting at 9:45 a.m. ET. The event will be webcast live and accessible through the company's investor relations website. Kitch will also be available for one-on-one and small group meetings.
On June 11, 2024, CEO Arsen Kitch and CFO Sherri Baker will attend the 2024 Wells Fargo Industrials Conference in Chicago, where they will also participate in one-on-one and small group meetings with investors.
Clearwater Paper (NYSE:CLW) has successfully completed the acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, The terms of the acquisition were announced on February 20, 2024. This strategic acquisition enhances Clearwater Paper's capabilities in paperboard manufacturing, positioning them as a leading independent paperboard supplier in North America.
Clearwater Paper reported financial results for the first quarter of 2024 with net sales of $496 million, down 6% from the same period last year. Despite lower input costs and continued strength in tissue, net income was $17 million, or $1.02 per diluted share, $7 million lower than last year. Adjusted net income was $24 million. The company reduced net debt by $33 million and repurchased $1 million of outstanding shares.
Clearwater Paper signed a definitive agreement to acquire a bleached paperboard manufacturing facility in Augusta, Georgia, for $700 million. The transaction is expected to close shortly. The company expressed confidence in continued tissue performance and a recovery in paperboard demand.
FAQ
What is the current stock price of Clearwater Paper (CLW)?
What is the market cap of Clearwater Paper (CLW)?
