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 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.
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