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) is a manufacturer in the paperboard mills industry and a premier independent supplier of bleached paperboard packaging products to North American converters. The company reports that its high-quality paperboard supports sustainable packaging solutions for consumer goods and food service applications, and that it focuses on Solid Bleached Sulfate (SBS) paperboard used in folding cartons, food service items, and commercial printing products.
This news page aggregates CLW stock updates and company announcements drawn from Clearwater Paper’s public communications. Readers can follow quarterly earnings releases, where the company discusses net sales, net income or loss from continuing operations, Adjusted EBITDA from continuing operations, and the impact of acquisitions, divestitures, and cost reduction actions. Recent news has highlighted the acquisition of the Augusta, Georgia paperboard facility, the sale of the tissue business, and the company’s emphasis on becoming a focused paperboard packaging company.
Investors and followers of Clearwater Paper can use this feed to review information about major maintenance outages at mills, fixed cost reduction initiatives, and management’s commentary on SBS industry conditions and market dynamics as described by the company. The page also surfaces notices about upcoming earnings conference calls, webcasts, and participation in investor conferences hosted by financial institutions.
By checking this CLW news page, users can see how Clearwater Paper describes its operational performance, strategic priorities in paperboard packaging, and non-GAAP measures such as Adjusted EBITDA from continuing operations over time.
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.
Clearwater Paper Corporation (NYSE: CLW) announced the indefinite closure of its Neenah, Wisconsin facility, which will eliminate approximately 54,000 tons of paper production capacity. The decision comes as the company can no longer compete effectively in its market. Affected are about 290 employees, who will receive support through training and career assistance. Clearwater Paper, which acquired the mill in 2010, plans to exit the away-from-home business by the end of July 2021, impacting its operations and local community.
Clearwater Paper Corporation (NYSE: CLW) announced participation in two upcoming investor conferences. On June 2, 2021, CEO Arsen Kitch and CFO Mike Murphy will engage in a fireside chat at KeyBanc's Virtual Conference starting at 8:20 a.m. PDT, accessible via the investor relations website.
Then, on June 9, 2021, they will attend Deutsche Bank's 12th Annual Global Basic Materials Conference, with opportunities for 1x1 investor meetings. Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard.
Clearwater Paper Corporation (NYSE: CLW) has appointed Christine M. Vickers Tucker to its board of directors, effective May 18, 2021. The board aims for diversity and refreshment, with chair Alexander Toeldte emphasizing the value of her extensive experience in professional products and business operations. Vickers Tucker has led Clorox’s Professional Products business since 2014 and has a background in financial services. With her addition, the board will comprise 9 members, 8 of whom are independent as per NYSE standards.
Clearwater Paper Corporation (NYSE:CLW) reported its first-quarter 2021 financial results, showing a net income of $12 million ($0.71 per diluted share) and adjusted EBITDA of $54 million. Net sales reached $426 million, down 11% from Q1 2020's $478 million. The paperboard segment faced a slight sales decline of 2%, attributed to lower production and increased costs, despite rising prices. The consumer products segment saw a more significant drop of 21% in sales, mainly affected by decreased demand. The company remains focused on cash generation and reducing debt.
Clearwater Paper Corporation (NYSE: CLW) announced that CEO Arsen Kitch and CFO Mike Murphy will attend the 2021 Virtual Wells Fargo Industrials Conference on May 6, 2021. They will be available for one-on-one meetings with investors. Accompanying slide materials can be accessed on Clearwater Paper's Investors' section of their website starting May 6. Clearwater Paper specializes in manufacturing consumer tissue, bleached paperboard, and pulp, serving major retailers and wholesalers nationwide.
Clearwater Paper Corporation (NYSE: CLW) is set to release its Q1 2021 results on May 5, 2021. CEO Arsen Kitch and CFO Mike Murphy will discuss the results and future outlook during a conference call at 2 p.m. PDT. Interested parties can register for the call through a specified link, with the option to access a webcast and presentation slides on Clearwater Paper’s website. A replay of the webcast will be available until May 5, 2022. Clearwater Paper specializes in manufacturing a range of tissue products and bleached paperboard.
Clearwater Paper Corporation (NYSE: CLW) announced that Mike Murphy, CFO, and Heidi Blair, Treasurer, will present at the J.P. 2021 Global High Yield & Leveraged Finance Conference on March 1 at 1:15 p.m. PST. They will be available for one-on-one meetings following the presentation. Accompanying materials will be accessible on Clearwater Paper's investor webpage by March 1.
The company is known for manufacturing quality tissue products and bleached paperboard, supplying major retailers and distributors nationwide.