Welcome to our dedicated page for Clearwater Paper news (Ticker: CLW), a resource for investors and traders seeking the latest updates and insights on Clearwater Paper stock.
About Clearwater Paper Corporation
Clearwater Paper Corporation (NYSE: CLW) is a prominent manufacturer and supplier of high-quality tissue products and premium paperboard materials, serving diverse markets across the United States and beyond. The company operates two primary business segments: Consumer Products and Pulp and Paperboard. This dual-market strategy positions Clearwater Paper as a critical player in both the consumer goods and industrial packaging industries, addressing the needs of retailers, wholesalers, and packaging converters alike.
Core Business Areas
Clearwater Paper's Consumer Products segment focuses on the production of private-label tissue, including bath tissue, facial tissue, and paper towels. These products are distributed to major retailers, grocery stores, drugstores, and discount chains, providing cost-effective and high-quality alternatives to branded products. The company has established itself as a trusted partner for private-label manufacturing, leveraging its expertise to meet the specific needs of its clients.
The Pulp and Paperboard segment is centered on the production of Solid Bleached Sulfate (SBS) paperboard, a premium-grade material used in folding cartons, food service packaging, and commercial printing applications. Known for its strength, smooth surface, and versatility, Clearwater Paper's SBS paperboard is a preferred choice for quality-conscious printers and packaging converters. This segment generates a significant portion of the company's revenue and underscores its role as a vital supplier in the packaging industry.
Operational Footprint
With manufacturing facilities strategically located across the United States, Clearwater Paper ensures efficient production and distribution to its customers. The company's operations are supported by a robust supply chain and advanced manufacturing technologies, enabling it to maintain high standards of quality and service. While its primary market is the United States, Clearwater Paper also serves international customers, reflecting its global reach and adaptability.
Competitive Positioning
Clearwater Paper operates in a highly competitive industry, with key competitors including International Paper, WestRock, and Georgia-Pacific. The company differentiates itself through its focus on private-label partnerships, which allow retailers to offer high-quality tissue products under their own brands, and its expertise in producing premium SBS paperboard. Additionally, Clearwater Paper's commitment to sustainability and innovation enhances its appeal to environmentally conscious customers and positions it as a forward-thinking industry leader.
Market Significance
As a major supplier of private-label tissue and paperboard products, Clearwater Paper plays a crucial role in the supply chains of retailers and packaging converters. Its products are integral to everyday consumer goods and industrial packaging solutions, making the company a key contributor to both sectors. By prioritizing quality, sustainability, and customer partnerships, Clearwater Paper continues to build shareholder value and strengthen its market presence.
Commitment to Sustainability
Clearwater Paper recognizes the importance of environmental stewardship and incorporates sustainable practices into its operations. From responsibly sourcing raw materials to minimizing waste and energy consumption, the company is dedicated to reducing its environmental impact while delivering exceptional value to its customers. This commitment aligns with the growing demand for sustainable products and enhances Clearwater Paper's reputation as a responsible corporate citizen.
Conclusion
Clearwater Paper Corporation is a versatile and reliable partner for retailers, wholesalers, and industrial clients, offering high-quality tissue and paperboard products that meet diverse market needs. With its dual focus on consumer and industrial markets, strategic operational footprint, and commitment to sustainability, Clearwater Paper is well-positioned to navigate industry challenges and capitalize on growth opportunities. Its expertise in private-label manufacturing and premium-grade paperboard production underscores its significance in the paper and pulp industry, making it a valuable player in the global market.
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.
Clearwater Paper Corporation (NYSE: CLW) is set to release its Q1 2021 results on May 5, 2021. CEO Arsen Kitch and CFO Mike Murphy will discuss the results and future outlook during a conference call at 2 p.m. PDT. Interested parties can register for the call through a specified link, with the option to access a webcast and presentation slides on Clearwater Paper’s website. A replay of the webcast will be available until May 5, 2022. Clearwater Paper specializes in manufacturing a range of tissue products and bleached paperboard.
Clearwater Paper Corporation (NYSE: CLW) announced that Mike Murphy, CFO, and Heidi Blair, Treasurer, will present at the J.P. 2021 Global High Yield & Leveraged Finance Conference on March 1 at 1:15 p.m. PST. They will be available for one-on-one meetings following the presentation. Accompanying materials will be accessible on Clearwater Paper's investor webpage by March 1.
The company is known for manufacturing quality tissue products and bleached paperboard, supplying major retailers and distributors nationwide.
Clearwater Paper Corporation (NYSE:CLW) reported strong Q4 and full-year 2020 financial results due to elevated demand for tissue products. Q4 net income reached $23 million, or $1.34 per share, with net sales of $453 million, a 4% increase YoY. For 2020, net income was $77 million, a significant recovery from a loss in 2019, with sales up 6.1% to $1.9 billion. The company reduced net debt by $200 million during the year. Despite this success, demand volatility and inflationary pressures are anticipated in Q1 2021.
Clearwater Paper Corporation (NYSE: CLW) has temporarily suspended its pulp and paperboard operations in Cypress Bend, Arkansas, due to cold weather affecting natural gas deliveries. The company prioritizes employee safety and customer needs during this unexpected outage. Clearwater Paper plans to resume operations as soon as it is safe to do so. The anticipated impacts of this outage will be disclosed in the fourth quarter and full-year 2020 earnings announcement on February 25.
Clearwater Paper Corporation (NYSE: CLW) is set to announce its fourth quarter and full year 2020 results on February 25, 2021. The announcement will be followed by a conference call featuring President and CEO Arsen Kitch and CFO Mike Murphy at 2 p.m. PST, discussing results and future outlook. Interested parties can register for the call through a provided link. A replay of the webcast will be available until February 25, 2022, on Clearwater Paper’s official website. The company specializes in manufacturing tissue products and paperboard.
Clearwater Paper Corporation (NYSE: CLW) announced an update to its fourth quarter 2020 outlook, increasing expected Adjusted EBITDA from $52-$62 million to $71-$76 million. This revision is due to higher tissue demand, strong operational performance, and favorable cost trends. CEO Arsen Kitch noted a significant increase in tissue product demand linked to COVID-19, with expected fourth quarter volumes surpassing those of 2019. The company remains focused on enhancing shareholder value through quality relationships and operational efficiency.
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