Clearwater Paper Corporation - CLW STOCK NEWS

Clearwater Paper Corporation (NYSE: CLW) will announce its first quarter 2022 results on April 28, 2022. The announcement will be followed by a conference call at 2 p.m. PDT, featuring President and CEO Arsen Kitch and CFO Mike Murphy. Interested parties can register for the call through a provided link. Clearwater Paper specializes in supplying private brand tissue and bleached paperboard to various retailers, focusing on quality and service.

Clearwater Paper Corporation (NYSE: CLW) announced that Mike Murphy, CFO, will present at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida on February 28, 2022 at 1:15 p.m. Pacific Time. He will also hold one-on-one meetings with investors. Clearwater Paper supplies private brand tissue products and bleached paperboard to major retailers, emphasizing strong relationships through quality and service.

Clearwater Paper Corporation (NYSE:CLW) reported its fourth quarter and full year financial results for 2021. The fourth quarter saw net sales rise 8% to $490 million, with a net income of $10 million. For the full year, net sales were $1.8 billion, a decrease of 5%. Despite achieving adjusted EBITDA of $175 million, the company faced a net loss of $28 million due to the closure of its Neenah tissue facility. Paperboard sales performed strongly, offsetting some operational challenges, while the consumer products segment struggled with decreasing sales volumes.

Clearwater Paper Corporation (NYSE: CLW) will announce its fourth quarter and full year 2021 results on February 15, 2022. CEO Arsen Kitch and CFO Mike Murphy will host a conference call at 2 p.m. PST to discuss the results. Registration for the call is open until it begins, with a suggestion to register in advance. Clearwater Paper specializes in supplying private brand tissue and bleached paperboard, focusing on quality and service to strengthen relationships with retail partners.

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.