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) 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.
Clearwater Paper Corporation (NYSE: CLW) announced its participation in upcoming virtual investor conferences. On November 30, 2020, CFO Mike Murphy and VP Heidi Blair will present at the Bank of America Leveraged Finance Virtual Conference at 12 p.m. PST, with additional investor meetings on this day and December 2, 2020. On December 2, CEO Arsen Kitch will join a CEO panel at the RBC Capital Markets Forest Products Conference at 8:35 a.m. PST, alongside investor meetings.
For more information, visit www.clearwaterpaper.com.
Clearwater Paper Corporation (NYSE:CLW) reported strong financial results for Q3 2020, driven by high demand for tissue products. The company posted a net income of $21 million, or $1.28 per diluted share, up from a net loss of $11 million in Q3 2019. Adjusted EBITDA for the quarter was $77 million compared to $32 million the previous year. Net sales increased 3% to $457 million. For the first nine months, net sales reached $1.4 billion, reflecting a 7% gain, with net income of $55 million. The Consumer Products segment notably saw a 9% rise in sales.
Clearwater Paper Corporation (NYSE: CLW) is set to release its third quarter 2020 earnings results on November 3, 2020. CEO Arsen Kitch and CFO Mike Murphy will discuss these results and the company's outlook during a conference call at 2 p.m. PST on the same day. Interested participants can register for the call through a provided link. A replay of the webcast will be available until November 4, 2021. Clearwater Paper, a leading manufacturer of consumer and away-from-home tissue products, is committed to building shareholder value through quality and service.
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