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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) 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,
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
Clearwater Paper Corporation (NYSE:CLW) reported strong financial results for Q2 2022, with net sales of $526 million, up 30% year-over-year. Net income reached $15 million or $0.86 per diluted share, reversing last year's loss. Adjusted EBITDA rose to $63 million. The paperboard segment drove growth, with sales up 30% to $296 million, while the consumer products segment saw a 29% increase to $232 million. Despite challenges from inflation, the company aims to mitigate costs through operational enhancements.
Clearwater Paper Corporation (NYSE: CLW) will disclose its second quarter 2022 results on August 2, 2022, at 2 p.m. PDT. The call will feature insights from President and CEO Arsen Kitch and CFO Mike Murphy. Participants can register through a provided link, with recommendations to register early. The results will be available on Clearwater Paper’s investor relations website, along with presentation materials.
Clearwater Paper specializes in supplying private brand tissue and bleached paperboard to various retailers and service providers.
Clearwater Paper Corporation (NYSE: CLW) announced that CFO Mike Murphy will attend the BMO Chemicals & Packaging Conference in New York City on June 22, 2022. He will engage in one-on-one and small group meetings with participants. Clearwater Paper specializes in supplying private brand tissue products to leading retailers and produces bleached paperboard for printers and packaging converters. The company emphasizes strong relationships and quality service to enhance shareholder value.
Clearwater Paper Corporation (NYSE: CLW) has announced that CEO Arsen Kitch and CFO Mike Murphy will attend the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 1 in Boston, Massachusetts. They will be available for one-on-one and small group meetings with investors. Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard for various retail and commercial sectors, focusing on quality and service to enhance shareholder value.
Clearwater Paper Corporation (NYSE:CLW) reported strong Q1 2022 financial results, with net sales of $488 million, up 15% year-over-year. Net income increased to $17 million or $0.97 per diluted share. Adjusted EBITDA rose to $59 million. The Pulp and Paperboard Products segment saw 21% growth in sales, driven by higher pricing, while Consumer Products net sales rose 7%, despite reduced operating income. The company anticipates inflationary pressures to persist, offset by higher prices, and plans to resume its stock repurchase program.
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