Clearwater Paper

Clearwater Paper Reports Fourth Quarter and Year End 2023 Results; Strategic Update

Retrieved on: 
Tuesday, February 20, 2024

Segment operating income for the fourth quarter of 2023 was $27 million compared to $18 million for the fourth quarter of 2022.

Key Points: 
  • Segment operating income for the fourth quarter of 2023 was $27 million compared to $18 million for the fourth quarter of 2022.
  • Adjusted EBITDA for the segment was $37 million in the fourth quarter of 2023, compared to $27 million in the fourth quarter of 2022.
  • Segment operating income for the fourth quarter of 2023 was $31 million compared to operating income of $2 million in the fourth quarter of 2022.
  • Adjusted EBITDA for the segment was $46 million in the fourth quarter of 2023, up from $18 million in the fourth quarter of 2022.

Clearwater Paper Announces Availability and Timing of Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast and Upcoming Investor Conference Participation

Retrieved on: 
Wednesday, February 7, 2024

Clearwater Paper Corporation (NYSE: CLW) will release its fourth quarter and full year 2023 results on Wednesday, February 21, 2024.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) will release its fourth quarter and full year 2023 results on Wednesday, February 21, 2024.
  • President and Chief Executive Officer, Arsen Kitch and Chief Financial Officer, Sherri Baker, will discuss the results during a conference call that day at 2 p.m., Pacific Time.
  • March 13, 2024 - Arsen Kitch, President and Chief Executive Officer, and Sherri Baker, Chief Financial Officer, will present at Sidoti’s Virutal Small Cap Conference.
  • The presentations from each respective conference will be webcast live and details can be found on our investor relations website: http://ir.clearwaterpaper.com .

Clearwater Paper Suspended Idaho Operations Due to Severe Weather Conditions

Retrieved on: 
Tuesday, January 16, 2024

Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality tissue and bleached paperboard products, announced that it has had to temporarily suspend its operations in Lewiston, Idaho due to uncertainty in natural gas supply and damage caused by extreme cold weather.

Key Points: 
  • Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality tissue and bleached paperboard products, announced that it has had to temporarily suspend its operations in Lewiston, Idaho due to uncertainty in natural gas supply and damage caused by extreme cold weather.
  • The company is restarting equipment and production at the facility as weather conditions permit.
  • Clearwater Paper is a premier supplier of private brand tissue to major retailers, including grocery, club, mass merchants, and discount stores.
  • These forward-looking statements are based on current expectations that are subject to change, and actual results may differ materially from the forward-looking statements.

Clearwater Paper Announces Achievements in Its 2023 Sustainability Report

Retrieved on: 
Monday, December 4, 2023

Clearwater Paper Corporation (NYSE: CLW) has released its 2023 Sustainability Report , an annual update on the company’s progress against its multi-year sustainability goals.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) has released its 2023 Sustainability Report , an annual update on the company’s progress against its multi-year sustainability goals.
  • The report also announces Clearwater Paper’s new strategic sustainability framework, Everyday Responsibility.
  • “Our new strategic sustainability framework reflects our unwavering commitment to Everyday Responsibility, which aligns with Clearwater Paper’s core values, sustainability goals and business objectives,” said Arsen Kitch, president and chief executive officer.
  • Clearwater Paper is a premier supplier of private brand tissue to major retailers, including grocery, club, mass merchants, and discount stores.

Clearwater Paper to Attend Citi's 2023 Basic Materials Conference

Retrieved on: 
Friday, November 17, 2023

Clearwater Paper Corporation (NYSE: CLW) today announced that President and Chief Executive Officer Arsen Kitch and Senior Vice President of Finance and Chief Financial Officer Sherri Baker will attend Citi's 2023 Basic Materials Conference in New York City on Wednesday, November 29, 2023.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) today announced that President and Chief Executive Officer Arsen Kitch and Senior Vice President of Finance and Chief Financial Officer Sherri Baker will attend Citi's 2023 Basic Materials Conference in New York City on Wednesday, November 29, 2023.
  • Mr. Kitch and Ms. Baker will be available for one-on-one and small-group meetings.
  • Clearwater Paper is a premier supplier of private brand tissue to major retailers, including grocery, club, mass merchants, and discount stores.
  • Clearwater Paper's employees build shareholder value by developing strong relationships through quality and service.

Clearwater Paper Collaborates With Charter Next Generation (CNG) to Launch Circular Polyethylene in Consumer Tissue Packaging

Retrieved on: 
Thursday, November 16, 2023

Clearwater Paper Corporation (NYSE: CLW) today announced a collaboration with Charter Next Generation (CNG) for an early-to-market initiative to include advanced recycled polyethylene in Clearwater Paper's private label tissue packaging offerings.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) today announced a collaboration with Charter Next Generation (CNG) for an early-to-market initiative to include advanced recycled polyethylene in Clearwater Paper's private label tissue packaging offerings.
  • This advancement is critical to our success in meeting and exceeding sustainability goals for Clearwater Paper," said Mike Urlick, senior vice president and general manager, consumer products at Clearwater Paper.
  • "Clearwater Paper supports the principles of circular economy and has a strong legacy of prioritizing the sustainability of the products we make.
  • Clearwater Paper is committed to responsible sourcing and to partnering with innovative suppliers like CNG who are aligned with our core values," said Traci Greco, purchasing manager of Clearwater Paper.

Clearwater Paper Suspends Idaho Operations Due to Regional Natural Gas Pipeline Incident

Retrieved on: 
Thursday, November 9, 2023

Clearwater Paper Corporation (NYSE: CLW), a premier supplier of quality tissue and bleached paperboard products, today reported that it temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW), a premier supplier of quality tissue and bleached paperboard products, today reported that it temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility.
  • An incident impacting the regional natural gas system has resulted in the disruption of natural gas deliveries to the mill and the surrounding areas.
  • “We are focused on the safety of our employees and maintaining our assets while we wait for repairs on the gas pipeline to be completed,” said Arsen Kitch, president and chief executive officer.
  • “We expect to resume the impacted operations in the coming days.”

Clearwater Paper Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023

Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality tissue and bleached paperboard products, today reported financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality tissue and bleached paperboard products, today reported financial results for the third quarter and nine months ended September 30, 2023.
  • On a non-GAAP basis, Clearwater Paper reported adjusted net income in the third quarter of 2023 of $37 million, or $2.19 per diluted share, compared to third quarter 2022 adjusted net income of $31 million, or $1.83 per diluted share.
  • Adjusted EBITDA for the third quarter of 2023 was $81 million, compared to the third quarter of 2022 Adjusted EBITDA of $77 million.
  • Segment operating income for the third quarter of 2023 was $43 million, compared to $64 million for the third quarter of 2022.

Clearwater Paper Announces Availability and Timing of Third Quarter 2023 Earnings Conference Call and Webcast

Retrieved on: 
Monday, October 16, 2023

Clearwater Paper Corporation (NYSE: CLW) will release its third quarter 2023 results on Monday, October 30, 2023.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) will release its third quarter 2023 results on Monday, October 30, 2023.
  • President and Chief Executive Officer, Arsen Kitch and Chief Financial Officer, Sherri Baker, will discuss the results during a conference call that day at 2 p.m., Pacific Time.
  • To register for the conference call, please use this link .
  • After registering, confirmation will be sent through email, including dial-in details and unique conference call codes for entry.

Clearwater Paper to Attend TD’s Paper & Forest Products Conference

Retrieved on: 
Tuesday, September 19, 2023

Clearwater Paper Corporation (NYSE: CLW) today announced that President and Chief Executive Officer, Arsen Kitch, and Senior Vice President and Chief Financial Officer, Sherri Baker, will participate in a fireside chat at the 2023 TD Paper & Forest Products Conference in Toronto on Tuesday, September 26th beginning at 10:00am EST.

Key Points: 
  • Clearwater Paper Corporation (NYSE: CLW) today announced that President and Chief Executive Officer, Arsen Kitch, and Senior Vice President and Chief Financial Officer, Sherri Baker, will participate in a fireside chat at the 2023 TD Paper & Forest Products Conference in Toronto on Tuesday, September 26th beginning at 10:00am EST.
  • Mr. Kitch and Ms. Baker will also be available for one-on-one and group meetings.
  • Clearwater Paper is a premier supplier of private brand tissue to major retailers, including grocery, club, mass merchants, and discount stores.
  • For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com .