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 Q4 and full-year 2022 financial results. Q4 net sales were $527 million, up 8% year-over-year, with a net loss of $6 million. Full-year net sales reached $2.1 billion, a 17% increase, driven by strong paperboard demand and higher pricing. Adjusted EBITDA for Q4 was $28 million, a decline from $56 million in Q4 2021, while full-year adjusted EBITDA improved to $227 million from $175 million in 2021. Operational challenges impacted Q4 performance. Despite a net loss in Q4, the company achieved significant net income of $46 million for the year. The outlook for 2023 focuses on enhancing operational performance.
Clearwater Paper Corporation (NYSE: CLW) will announce its fourth quarter and full year 2022 financial results on February 14, 2023, at 2 p.m. PT. The results will be discussed in a conference call led by Arsen Kitch, President and CEO, and Mike Murphy, CFO. Interested parties can register for the call through a provided link, with registration open until the call begins. The company's website will host a webcast of the call and presentation slides for easy access.
Clearwater Paper is known for supplying private label tissue and bleached paperboard to retailers, focusing on quality service to enhance shareholder value.
Clearwater Paper Corporation (NYSE: CLW) has updated its outlook for Q4 and full year 2022, citing unexpected major maintenance costs at its Lewiston, Idaho mill. Adjusted EBITDA is now expected to be $28 to $34 million for Q4 and $227 to $233 million for the full year. The major maintenance outage at Lewiston has been completed, and other operational issues at the Cypress Bend mill in Arkansas are being resolved. The company anticipates $28 million in lower maintenance-related expenses in 2023 compared to 2022, indicating a positive shift moving forward.
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Clearwater Paper Corporation (NYSE: CLW) has announced that CEO Arsen Kitch and CFO Mike Murphy will attend the Citi 2022 Basic Materials Conference in New York City on Wednesday, November 30, 2022. They will be available for one-on-one and small group meetings, providing an opportunity for investors to interact directly with the company's leadership.
Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard for retailers and quality-focused packaging converters, emphasizing strong customer relationships.
Clearwater Paper Corporation (NYSE: CLW) has announced that its President and CEO, Arsen Kitch, along with CFO Mike Murphy, will speak at Baird’s 2022 Global Industrial Conference in Chicago on November 10, 2022, starting at 9:40 a.m. CST. They will also be available for one-on-one meetings. Clearwater Paper is a leading supplier of private brand tissue to major retailers and produces bleached paperboard for printers and converters. The company emphasizes building shareholder value through strong relationships and quality service.
Clearwater Paper Corporation (NYSE:CLW) reported strong financial results for the third quarter and first nine months of 2022. Net sales reached $539 million, a 20% increase from the previous year, with net income of $21 million or $1.21 per diluted share. The company also reported adjusted EBITDA of $77 million for the quarter, significantly up from $50 million in Q3 2021. For the first nine months, net sales totaled $1.6 billion, a 21% increase year-over-year. Clearwater is focused on operational performance amid inflation challenges, improving financial flexibility to enhance shareholder value.
Clearwater Paper Corporation (NYSE: CLW) will release its third quarter 2022 results on October 31, 2022. The company's President and CEO, Arsen Kitch, along with CFO Mike Murphy, will discuss the results in a conference call scheduled for 2 p.m. PDT. Interested participants can register via a provided link, which will also send confirmation and dial-in details. Clearwater Paper specializes in private brand tissue and bleached paperboard, partnering with major retailers for quality products and services.
Clearwater Paper Corporation (NYSE: CLW) announced the election of Jeanne M. Hillman to its board of directors, effective October 1, 2022. Hillman's background includes significant experience in the pulp and paperboard industry and a strong focus on finance and information technology. Previously, she served as vice president at Weyerhaeuser (NYSE: WY) until her retirement in March 2020. The addition reflects Clearwater Paper's commitment to diversity and an enhanced board composition, with the board now comprising nine directors, eight of whom meet NYSE independence standards.
Clearwater Paper Corporation (NYSE: CLW) has announced upcoming participation in key investor conferences. On September 13, 2022, CFO Mike Murphy and VP J.D. Fielder will attend the RBC Global Industrials Conference in Las Vegas, available for one-on-one meetings. Later, on September 28, 2022, Mike Murphy will engage in a fireside chat at the TD Securities Paper and Forest Products Conference in Toronto, also open for investor meetings. Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard.