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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) 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.
Clearwater Paper Corporation (NYSE: CLW) announced that CFO Mike Murphy will participate in the 2022 Wells Fargo Industrials Conference on May 5 in New York City. Murphy will engage in one-on-one and small group investor meetings during the event. Clearwater Paper is a leading supplier of private brand tissue products and bleached paperboard, serving major retailers. The company emphasizes building shareholder value through quality and strong customer relationships.
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
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
Clearwater Paper Corporation (NYSE: CLW) will participate in two upcoming investor conferences. On
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