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) is set to announce its third quarter 2021 results on
Clearwater Paper Corporation (NYSE: CLW) will present at the TD Securities 2021 Virtual Paper & Forest Products Conference on September 29, 2021, at 7:30 a.m. Pacific Time.
Clearwater Paper Corporation (NYSE:CLW) reported a net loss of $52 million for Q2 2021, a significant decline compared to a net income of $23 million in Q2 2020. Net sales fell 15% to $406 million. Adjusted EBITDA also decreased to $15 million from $79 million year-over-year. The company completed a major maintenance outage at its Lewiston, Idaho facility, impacting adjusted EBITDA by $22 million. Additionally, the closure of the Neenah, Wisconsin facility resulted in $41.7 million in impairment costs. The company aims to strengthen cash flows and reduce net debt in the latter half of the year.
Clearwater Paper Corporation (NYSE: CLW) is set to announce its second quarter 2021 results on August 4, 2021. The call will include insights from President and CEO Arsen Kitch and CFO Mike Murphy at 2 p.m. PDT. Interested parties can register for the conference using the provided link, with confirmation and dial-in details sent via email. A replay of the webcast will be available for one year at Clearwater Paper's website, enhancing accessibility for stakeholders.
Clearwater Paper Corporation (NYSE: CLW) announced participation in the 2021 BMO Chemicals & Packaging Conference on June 23. CEO Arsen Kitch and CFO Mike Murphy will engage in 1x1 and small group investor meetings. Clearwater Paper is known for supplying private brand tissue to major retailers and producing bleached paperboard for print and packaging. The company emphasizes building shareholder value through quality and service.
Clearwater Paper Corporation (NYSE: CLW) announced the indefinite closure of its Neenah, Wisconsin facility, which will eliminate approximately 54,000 tons of paper production capacity. The decision comes as the company can no longer compete effectively in its market. Affected are about 290 employees, who will receive support through training and career assistance. Clearwater Paper, which acquired the mill in 2010, plans to exit the away-from-home business by the end of July 2021, impacting its operations and local community.
Clearwater Paper Corporation (NYSE: CLW) announced participation in two upcoming investor conferences. On June 2, 2021, CEO Arsen Kitch and CFO Mike Murphy will engage in a fireside chat at KeyBanc's Virtual Conference starting at 8:20 a.m. PDT, accessible via the investor relations website.
Then, on June 9, 2021, they will attend Deutsche Bank's 12th Annual Global Basic Materials Conference, with opportunities for 1x1 investor meetings. Clearwater Paper is a leading supplier of private brand tissue and bleached paperboard.
Clearwater Paper Corporation (NYSE: CLW) has appointed Christine M. Vickers Tucker to its board of directors, effective May 18, 2021. The board aims for diversity and refreshment, with chair Alexander Toeldte emphasizing the value of her extensive experience in professional products and business operations. Vickers Tucker has led Clorox’s Professional Products business since 2014 and has a background in financial services. With her addition, the board will comprise 9 members, 8 of whom are independent as per NYSE standards.
Clearwater Paper Corporation (NYSE:CLW) reported its first-quarter 2021 financial results, showing a net income of $12 million ($0.71 per diluted share) and adjusted EBITDA of $54 million. Net sales reached $426 million, down 11% from Q1 2020's $478 million. The paperboard segment faced a slight sales decline of 2%, attributed to lower production and increased costs, despite rising prices. The consumer products segment saw a more significant drop of 21% in sales, mainly affected by decreased demand. The company remains focused on cash generation and reducing debt.
Clearwater Paper Corporation (NYSE: CLW) announced that CEO Arsen Kitch and CFO Mike Murphy will attend the 2021 Virtual Wells Fargo Industrials Conference on May 6, 2021. They will be available for one-on-one meetings with investors. Accompanying slide materials can be accessed on Clearwater Paper's Investors' section of their website starting May 6. Clearwater Paper specializes in manufacturing consumer tissue, bleached paperboard, and pulp, serving major retailers and wholesalers nationwide.
FAQ
What is the current stock price of Clearwater Paper Corporation (CLW)?
What is the market cap of Clearwater Paper Corporation (CLW)?
What does Clearwater Paper Corporation manufacture?
Who are Clearwater Paper's main customers?
What are the main segments of Clearwater Paper's business?
What recent acquisition has Clearwater Paper announced?
When is the Graphic Packaging transaction expected to close?
How does Clearwater Paper's pulp and paperboard segment contribute to its revenue?
What geographical area provides the most revenue for Clearwater Paper?
What services does Clearwater Paper offer in their paperboard operations?
Where can more information about Clearwater Paper Corporation be found?
What is Clearwater Paper's approach to building shareholder value?
