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) has launched NuVo® with BioPBS™, a sustainable cup stock offering a compostable alternative to traditional hot cups. This product features a compostable barrier, 35% post-consumer fiber, and FSC® certification, targeting the growing demand for sustainable foodservice solutions. Steve Bowden, SVP and general manager, emphasized the company's commitment to sustainability and innovation. BioPBS™ is supplied by Mitsubishi Chemical Corporation and PTTMCC Biochem Company Limited. Clearwater Paper aims to enhance product differentiation while meeting sustainability trends.
Clearwater Paper Corporation (NYSE: CLW) announced the appointment of Michael Urlick as the new senior vice president and general manager of its consumer products division, effective January 1, 2022. Urlick succeeds Joanne Shufelt, who is retiring after over nine years with the company. Urlick brings extensive experience from his previous roles in the division and aims to drive business results and customer service. The company continues to focus on providing high-quality tissue products and bleached paperboard to major retailers.
Clearwater Paper Corporation (NYSE: CLW) has announced its participation in upcoming investor conferences. On November 30, 2021, Mike Murphy and Heidi Blair will present at Bank of America’s Leveraged Finance Conference at 12:00 p.m. PST and will hold one-on-one meetings with investors. The following day, December 1, 2021, Arsen Kitch and Mike Murphy will attend Citi's Basic Materials Virtual Conference, with similar one-on-one meeting opportunities. Clearwater Paper continues to strengthen its shareholder relationships through these events.
Clearwater Paper Corporation (NYSE: CLW) will participate in two upcoming investor conferences. On November 9, 2021, CEO Arsen Kitch and CFO Mike Murphy will present at Baird’s Global Industrial Conference at 12:45 p.m. PST, available to registered attendees. They will also hold one-on-one meetings. On November 16, 2021, the executives will attend Deutsche Bank's Industrials Conference and be available for individual meetings. Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard.
Clearwater Paper Corporation (NYSE:CLW) reported Q3 2021 net income of $2 million, or $0.11 per diluted share, on net sales of $450 million, a 2% decline from Q3 2020. Adjusted EBITDA was $50 million, down from $77 million YoY. The Pulp and Paperboard segment saw a 9% increase in net sales to $237 million, while the Consumer Products segment experienced a 13% decline to $214 million, largely due to inflation and reduced demand. The company reduced net debt by $7 million in the quarter and anticipates continued strength in paperboard despite inflation challenges.
Clearwater Paper Corporation (NYSE: CLW) is set to announce its third quarter 2021 results on November 2, 2021. Company executives Arsen Kitch and Mike Murphy will discuss the financial outcomes during a conference call at 2 p.m. PDT. Interested parties can register for the call through the provided link. Additionally, a replay of the call will be available until November 2, 2022. Clearwater Paper specializes in supplying private brand tissue and producing bleached paperboard for various retailers.
Clearwater Paper Corporation (NYSE: CLW) will present at the TD Securities 2021 Virtual Paper & Forest Products Conference on September 29, 2021, at 7:30 a.m. Pacific Time. Arsen Kitch, CEO, and Mike Murphy, CFO, will lead the presentation and hold one-on-one meetings with investors. Clearwater Paper is a major supplier of private brand tissue products and bleached paperboard, providing quality services to retailers and converters. For more details, visit www.clearwaterpaper.com.
Clearwater Paper Corporation (NYSE:CLW) reported a net loss of $52 million for Q2 2021, a significant decline compared to a net income of $23 million in Q2 2020. Net sales fell 15% to $406 million. Adjusted EBITDA also decreased to $15 million from $79 million year-over-year. The company completed a major maintenance outage at its Lewiston, Idaho facility, impacting adjusted EBITDA by $22 million. Additionally, the closure of the Neenah, Wisconsin facility resulted in $41.7 million in impairment costs. The company aims to strengthen cash flows and reduce net debt in the latter half of the year.
Clearwater Paper Corporation (NYSE: CLW) is set to announce its second quarter 2021 results on August 4, 2021. The call will include insights from President and CEO Arsen Kitch and CFO Mike Murphy at 2 p.m. PDT. Interested parties can register for the conference using the provided link, with confirmation and dial-in details sent via email. A replay of the webcast will be available for one year at Clearwater Paper's website, enhancing accessibility for stakeholders.
Clearwater Paper Corporation (NYSE: CLW) announced participation in the 2021 BMO Chemicals & Packaging Conference on June 23. CEO Arsen Kitch and CFO Mike Murphy will engage in 1x1 and small group investor meetings. Clearwater Paper is known for supplying private brand tissue to major retailers and producing bleached paperboard for print and packaging. The company emphasizes building shareholder value through quality and service.