Welcome to our dedicated page for Clearwater Paper Corporation news (Ticker: CLW), a resource for investors and traders seeking the latest updates and insights on Clearwater Paper Corporation 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 Corporation (NYSE: CLW) will announce its first quarter 2023 results on May 2, 2023, at 2 p.m. Pacific Time. President and CEO Arsen Kitch and CFO Mike Murphy will host a conference call to discuss the results. Interested participants can register for the call through a provided link, and the webcast will be accessible on Clearwater Paper's website.
Clearwater Paper is known for supplying private brand tissue to major retailers and producing bleached paperboard for printers and packaging converters. The company emphasizes quality and service to build shareholder value.
Clearwater Paper Corporation (NYSE: CLW) has announced the planned departure of Michael Murphy as senior vice president and chief financial officer, effective in the second quarter of this year. Mr. Murphy will assist during the transition. CEO Arsen Kitch expressed gratitude for Mr. Murphy's contributions, particularly in strengthening the company's financial position during the COVID-19 pandemic. Clearwater Paper specializes in supplying private brand tissue to retailers and produces bleached paperboard. The company aims to build shareholder value through quality service and strong relationships.
Clearwater Paper Corporation (NYSE: CLW) announced its participation in two upcoming investor conferences. On
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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.
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.
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