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 leading manufacturer specializing in high-quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard, and pulp. With a network of manufacturing facilities across the United States, Clearwater Paper is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants, and discount stores.
The company operates under two primary segments: the Consumer Products segment and the Pulp and Paperboard segment. The Consumer Products segment is known for its extensive range of at-home tissue products and away-from-home tissue products. The Pulp and Paperboard segment focuses on producing bleached paperboard for the high-end packaging industry, offering custom services such as sheeting, slitting, and cutting.
Clearwater Paper's products are essential for various applications, from household needs to high-quality packaging solutions. The company generates the majority of its revenue from its Pulp and Paperboard segment, with a significant portion of its sales coming from the United States market.
In recent news, Clearwater Paper announced a definitive agreement to acquire Graphic Packaging Holding Company's Augusta, Georgia bleached paperboard manufacturing facility. This $700 million transaction is expected to enhance Clearwater Paper's strategic growth plans and strengthen its position as a leading independent paperboard supplier in North America. The transaction is currently pending regulatory approvals and is anticipated to close in the second quarter of 2024.
Clearwater Paper's commitment to quality and service has enabled the company to build strong customer partnerships and create substantial shareholder value. The acquisition of the Augusta facility is a testament to the company's focus on expanding its capabilities and servicing its customers more effectively.
For more information about Clearwater Paper Corporation, please visit their official website at www.clearwaterpaper.com.
Clearwater Paper (NYSE: CLW) has announced its participation in the upcoming Bank of America 2025 Global Agricultural and Materials Conference scheduled for February 27, 2025, in Ft Lauderdale, FL. President and CEO Arsen Kitch will be presenting at the conference, and along with SVP and CFO Sherri Baker, will be available for one-on-one and small group meetings with investors.
Clearwater Paper (NYSE:CLW) reported its Q4 and full-year 2024 results following significant strategic changes. The company completed the sale of its tissue business on November 1, 2024, for $1.06 billion and acquired the Augusta, Georgia paperboard facility on May 1, 2024.
Key 2024 highlights include:
- Net sales from continuing operations reached $1.4 billion, up 22% from 2023
- Net loss from continuing operations was $74 million (-$4.41 per share) compared to $49 million profit in 2023
- Total operations net income was $196 million ($11.70 per share), including a $307 million gain from tissue business sale
- Adjusted EBITDA from total operations decreased to $182 million from $281 million in 2023
- Net debt reduced by $199 million
- Paperboard sales volumes increased 63% to 306,692 tons in Q4 2024
Clearwater Paper (NYSE: CLW) has scheduled its fourth quarter and full year 2024 earnings release for February 13, 2025, after market close. The company will host a conference call at 2 p.m. Pacific Time on the same day, featuring CEO Arsen Kitch and CFO Sherri Baker to discuss the results.
Participants can register for the conference call through a provided link, with registration remaining open through the live call. However, registration at least 10 minutes before the call is recommended. The presentation slides and webcast will be accessible through Clearwater Paper's investor relations website.
Clearwater Paper (NYSE:CLW) reported Q3 2024 financial results, with net sales from continuing operations reaching $393 million, up 41% year-over-year. The company posted a net loss from continuing operations of $11 million (-$0.64 per share), compared to net income of $15 million ($0.88 per share) in Q3 2023. Total operations, including discontinued tissue business, showed net income of $6 million ($0.35 per share).
The Board approved a new $100 million share repurchase authorization. Paperboard sales volumes increased 67% to 314,320 tons, though average selling price decreased 12% to $1,192 per ton. The company recently completed the sale of its tissue business on November 1, 2024, positioning itself as a focused paperboard company.
Clearwater Paper (NYSE: CLW) has completed the sale of its tissue business to Sofidel America Corp. for $1.06 billion in cash, subject to customary price adjustments. The transaction marks a significant transformation for Clearwater into a premier independent supplier of paperboard packaging products to North American converters. The company plans to use the proceeds to reduce debt and strengthen its balance sheet, positioning itself to scale and diversify its paperboard business for long-term shareholder value. The company will release its third quarter 2024 results on November 4, 2024.
Clearwater Paper (NYSE: CLW) announced its participation in the Baird Global Industrial Conference on November 13, 2024, in Chicago, Illinois.
President and CEO Arsen Kitch and Senior Vice President and CFO Sherri Baker will speak at the conference. They will also be available for one-on-one and small group investor meetings on the same day.
Clearwater Paper (NYSE: CLW) has released its 2024 Sustainability Report, highlighting progress in their Everyday Responsibility framework across three pillars: Resource Stewardship, Trusted Products, and Thriving People and Communities. Key achievements include developing a roadmap for 2030 Scope 1 and 2 emissions targets, receiving International Sustainability and Carbon Certification, establishing the Clearwater Paper Foundation, implementing new Safety Commitments, and enhancing workforce engagement strategies.
The company announced strategic transformations in 2024, including the acquisition of a paperboard facility in Augusta, Georgia, and plans to sell their tissue business, focusing on becoming a premier independent paperboard supplier to North American converters.
Clearwater Paper (NYSE: CLW) has announced the timing for its third quarter 2024 earnings conference call and webcast. The company will release its Q3 2024 results on Monday, November 4, 2024, after market close. A conference call to discuss the results will be held on the same day at 2 p.m. Pacific Time.
President and CEO Arsen Kitch and CFO Sherri Baker will lead the discussion. Interested parties can register for the call using a provided link, with registration open through the live call. However, it is recommended to register at least 10 minutes before the call starts. The webcast and presentation slides will be accessible on Clearwater Paper's investor relations website.
Clearwater Paper (NYSE: CLW), a leading supplier of bleached paperboard and consumer tissue, has provided an update on the impact of Hurricane Helene on its operations. The company temporarily suspended operations at its Augusta, Georgia paperboard facility and Shelby, North Carolina tissue facility due to the storm's effects.
Fortunately, there was no serious damage to equipment, and both facilities are now resuming operations. Arsen Kitch, President and CEO, emphasized that the company's top priorities are the safety of its employees and ramping up operations to service customers. He expressed gratitude to the Augusta and Shelby teams for their efforts to safely resume production while dealing with the storm's personal impacts.
Clearwater Paper (NYSE: CLW) has announced its participation in two upcoming investor conferences. On September 19, 2024, Senior VP and CFO Sherri Baker will engage in a fireside chat at the TD Securities Forest Products and Packaging Conference in Toronto at approximately 11:00am ET. While there's no webcast for this event, Ms. Baker will be available for one-on-one and small group investor meetings.
Additionally, on September 25, 2024, Ms. Baker will attend the 2024 RBC Capital Markets Global Industrials Conference in Las Vegas, participating in one-on-one and small group meetings. There will be no company presentation at this conference. These events provide opportunities for investors to gain insights into Clearwater Paper's operations and strategy.
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