Clearwater Paper Corporation produces and sells private label tissue and bleached paperboard products in the United States and internationally. The company operates through two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bath tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products and parent rolls. This segment sells its products to retailers and wholesale distributors, including grocery, drug, mass merchants, and discount stores. The Pulp and Paperboard segment manufactures and markets bleached paperboard, folding cartons, liquid packaging, cups and plates, blister and carded packaging, top sheet and commercial printing grades and softwood pulp products, as well as offers custom sheeting, slitting and cutting of paperboard. It sells its products to packaging converters, folding carton converters, merchants, and commercial printers. Clearwater Paper Corporation was incorporated in 2005 and is headquartered in Spokane, Washington.
IPO Year:
Exchange: NYSE
Website: clearwaterpaper.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/31/2023 | $42.00 → $396.00 | Outperform → Sector Perform | RBC Capital Mkts |
4/24/2023 | $38.00 → $42.00 | Sector Perform → Outperform | RBC Capital Mkts |
11/1/2022 | $45.00 | Outperform → Sector Perform | RBC Capital Mkts |
8/3/2022 | $40.00 → $45.00 | Sector Perform → Outperform | RBC Capital Mkts |
2/16/2022 | Market Perform → Outperform | BMO Capital Markets | |
2/16/2022 | $50.00 → $35.00 | Outperform → Sector Perform | RBC Capital |
12/20/2021 | $48.00 → $42.00 | Outperform → Market Perform | BMO Capital Markets |
10/20/2021 | $32.00 → $50.00 | Sector Perform → Outperform | RBC Capital |
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
4 - Clearwater Paper Corp (0001441236) (Issuer)
10-Q - Clearwater Paper Corp (0001441236) (Filer)
8-K - Clearwater Paper Corp (0001441236) (Filer)
8-K - Clearwater Paper Corp (0001441236) (Filer)
11-K - Clearwater Paper Corp (0001441236) (Filer)
11-K - Clearwater Paper Corp (0001441236) (Filer)
8-K - Clearwater Paper Corp (0001441236) (Filer)
8-K - Clearwater Paper Corp (0001441236) (Filer)
10-Q - Clearwater Paper Corp (0001441236) (Filer)
8-K - Clearwater Paper Corp (0001441236) (Filer)
ARS - Clearwater Paper Corp (0001441236) (Filer)
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Clearwater Paper Corporation (NYSE:CLW) today announced the appointment of Sherri Baker as senior vice president and chief financial officer, effective August 14, 2023, to oversee the company's finance and strategy. Arsen Kitch, president and chief executive officer, said, "On behalf of the board and our leadership team, I am pleased to welcome Sherri Baker to Clearwater Paper. Sherri is a proven leader with more than 25 years of experience building and leading finance teams. Her background in strategic, financial, and operational decision making will help us deliver on our key priorities. We look forward to Sherri being an integral part of our leadership team as we continue to create nea
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of bleached paperboard and quality consumer tissue today reported financial results for the second quarter and six months ended June 30, 2024. SECOND QUARTER HIGHLIGHTS Continued strong demand in tissue, improved demand in paperboard Completed acquisition of Augusta paperboard manufacturing facility Net sales of $586 million, up 12% from the second quarter of last year, primarily driven by incremental sales volume from Augusta Net loss of $26 million, or $1.55 per diluted share compared to $30 million income, or $1.75 per diluted share in the second quarter of last year Adjusted EBITDA of $35 million, $36 million l
Advances Transformation into a Premier Independent Supplier of Paperboard to North American Converters Transaction to Accelerate Ongoing Efforts to De-Lever the Balance Sheet by Meaningfully Reducing Net Debt Clearwater Paper Corporation (NYSE:CLW) ("Clearwater Paper" or the "Company"), a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A. ("Sofidel"), a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital. T
Clearwater Paper Corporation (NYSE:CLW) will release its second quarter 2024 results on Tuesday, August 6, 2024 after market close. 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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and presen
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality consumer tissue and bleached paperboard today reported financial results for the first quarter ended March 31, 2024. FIRST QUARTER HIGHLIGHTS Strong performance driven by lower input costs and continued strength in tissue Continued strong demand in tissue and improved customer demand in paperboard Severe weather event resulting in significant disruption to production at the Lewiston site Net sales of $496 million, down 6% from the first quarter of last year Net income of $17 million, or $1.02 per diluted share, down $7 million from the first quarter of last year Adjusted net income of $24 million, $1
Clearwater Paper Corporation (NYSE:CLW) will release its first quarter 2024 results on Monday, April 29, 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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and presentation slides can be ac
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality consumer tissue and bleached paperboard today reported financial results for the fourth quarter and year ended December 31, 2023. 2023 FOURTH QUARTER HIGHLIGHTS Strong performance driven by solid operational results and continued strength in tissue Natural gas disruption impacted Lewiston mill operations in November Net income of $18 million, or $1.04 per diluted share and Adjusted EBITDA of $63 million Net sales of $513 million, down 3% compared to the fourth quarter of 2022 Reduced net debt by $32 million, repurchased $3 million of outstanding shares, with $7 million remaining under program 2023 FUL
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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and pres
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. THIRD QUARTER HIGHLIGHTS Outstanding performance driven by strong operational results and continued market strength in tissue Net sales of $520 million, down 3% from the third quarter of last year Net income of $37 million, or $2.17 per diluted share Adjusted net income of $37 million, $6 million higher than the third quarter of last year Adjusted EBITDA of $81 million, $3 million higher than third quarter of last year Adjusted EBITDA margin at 15%, up from 14% duri
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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and presentation slides can
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality tissue and bleached paperboard products, today reported financial results for the second quarter and six months ended June 30, 2023. SECOND QUARTER HIGHLIGHTS Net sales of $525 million, slightly below the second quarter of last year Net income of $30 million, or $1.75 per diluted share Adjusted net income of $30 million, $11 million higher than the second quarter of last year Adjusted EBITDA of $71 million, $8 million higher than second quarter of last year Adjusted EBITDA margin at 13.6%, up from 12% during the second quarter of last year Reduced net debt by $25 million from first quarter of this yea
Clearwater Paper Corporation (NYSE:CLW) today announced upcoming participation in the following investor conferences: September 19, 2024 – Senior Vice President and Chief Financial Officer Sherri Baker will participate in a fireside chat at TD Securities Forest Products and Packaging Conference in Toronto beginning at approximately 11:00am ET. There is no webcast for the fireside chat, but Ms. Baker will be available for one-on-one and small group investor meetings at the conference. September 25, 2024 – Ms. Baker will participate in one-on-one and small group meetings at the 2024 RBC Capital Markets Global Industrials Conference in Las Vegas. There is no company presentation at this c
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of bleached paperboard and quality consumer tissue today reported financial results for the second quarter and six months ended June 30, 2024. SECOND QUARTER HIGHLIGHTS Continued strong demand in tissue, improved demand in paperboard Completed acquisition of Augusta paperboard manufacturing facility Net sales of $586 million, up 12% from the second quarter of last year, primarily driven by incremental sales volume from Augusta Net loss of $26 million, or $1.55 per diluted share compared to $30 million income, or $1.75 per diluted share in the second quarter of last year Adjusted EBITDA of $35 million, $36 million l
Visiongain has published a new report entitled Paper Packaging Market Report 2024-2034: Forecasts by Grade (Virgin Paper, Recycled Paper), by Packaging Level (Primary Packaging, Secondary Packaging, Tertiary Packaging), by End-user Industry (Food and Beverage, Healthcare, Personal Care and Cosmetics, Home Care Products, Other), by Product Type (Corrugated Boxes, Paper Bags and Sacks, Folding Cartons, Paperboard, Wrapping Paper, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies. The global paper packaging market is estimated at US$409.6 billion in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period 2024-2034. Regulatory Supp
Advances Transformation into a Premier Independent Supplier of Paperboard to North American Converters Transaction to Accelerate Ongoing Efforts to De-Lever the Balance Sheet by Meaningfully Reducing Net Debt Clearwater Paper Corporation (NYSE:CLW) ("Clearwater Paper" or the "Company"), a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A. ("Sofidel"), a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital. T
Clearwater Paper Corporation (NYSE:CLW) will release its second quarter 2024 results on Tuesday, August 6, 2024 after market close. 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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and presen
Clearwater Paper Corporation (NYSE:CLW), a leading supplier of private-branded tissue, announced today it will invest $23 million in a new, state-of-the-art facial tissue converting line at its Shelby, North Carolina consumer products facility. Clearwater Paper's Shelby Mill manufactures high-quality private branded bathroom tissue, paper towels, napkins, and facial tissue. The 400-acre facility employs more than 600 people. "Clearwater Paper selected Shelby for its newest facial tissue line due to its proximity to our customers, a growing local skilled workforce, and a history of excellent working relationships with the City of Shelby, Cleveland County and the State of North Carolina," s
Clearwater Paper Corporation (NYSE:CLW) today announced upcoming participation in the following investor conferences: June 4, 2024 – President and Chief Executive Officer Arsen Kitch will participate in a fireside chat at Stifel's 2024 Cross Sector Insight Conference in Boston beginning at approximately 9:45 a.m. ET. The presentation will be webcast live and can be accessed via this link or by visiting the company's investor relations website: https://ir.clearwaterpaper.com/investors/overview/default.aspx. Mr. Kitch will also be available for one-on-one and small group investor meetings. June 11, 2024 – Mr. Kitch and Senior Vice President of Finance and Chief Financial Officer Sherri
Acquisition to Enhance Existing Capabilities in Paperboard Manufacturing Clearwater Paper Corporation (NYSE:CLW) today announced the successful completion of its strategic acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, LLC ("Graphic Packaging"). Terms of the acquisition were first announced on February 20, 2024. "I am pleased that we have finalized the acquisition of Graphic Packaging's Augusta, Georgia, paperboard manufacturing facility. The Augusta mill is a great fit with our strategy and improves our position as a premier, independent paperboard supplier to North American converters. I look forward to welcoming th
Clearwater Paper Corporation (NYSE:CLW), a premier supplier of quality consumer tissue and bleached paperboard today reported financial results for the first quarter ended March 31, 2024. FIRST QUARTER HIGHLIGHTS Strong performance driven by lower input costs and continued strength in tissue Continued strong demand in tissue and improved customer demand in paperboard Severe weather event resulting in significant disruption to production at the Lewiston site Net sales of $496 million, down 6% from the first quarter of last year Net income of $17 million, or $1.02 per diluted share, down $7 million from the first quarter of last year Adjusted net income of $24 million, $1
Clearwater Paper Corporation (NYSE:CLW) will release its first quarter 2024 results on Monday, April 29, 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. Registration 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. Registration is open through the live call, but we recommend that you register a day in advance or at minimum 10 minutes before the start of the call. Webcast The webcast and presentation slides can be ac
RBC Capital Mkts downgraded Clearwater Paper from Outperform to Sector Perform and set a new price target of $396.00 from $42.00 previously
RBC Capital Mkts upgraded Clearwater Paper from Sector Perform to Outperform and set a new price target of $42.00 from $38.00 previously
RBC Capital Mkts downgraded Clearwater Paper from Outperform to Sector Perform and set a new price target of $45.00
RBC Capital Mkts upgraded Clearwater Paper from Sector Perform to Outperform and set a new price target of $45.00 from $40.00 previously
BMO Capital Markets upgraded Clearwater Paper from Market Perform to Outperform
RBC Capital downgraded Clearwater Paper from Outperform to Sector Perform and set a new price target of $35.00 from $50.00 previously
BMO Capital Markets downgraded Clearwater Paper from Outperform to Market Perform and set a new price target of $42.00 from $48.00 previously
RBC Capital upgraded Clearwater Paper from Sector Perform to Outperform and set a new price target of $50.00 from $32.00 previously
Royal Bank of Canada resumed coverage of Clearwater Paper with a rating of Sector Perform and set a new price target of $45.00 from $50.00 previously
Royal Bank of Canada downgraded Clearwater Paper from Outperform to Sector Perform
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U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of IQVIA Holdings Inc. (NYSE:IQV) rose sharply during Monday's session after the company released better-than-expected second-quarter financial results and raised its 2024 guidance. IQVIA reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57. Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion, according to data from Benzinga Pro. IQVIA Holdings shares jumped 7.4% to $241.07 on Monday. Here are some other big stocks recording gains in today’s session. Tellurian Inc. (NASDAQ:TELL) shares surged 64.5% to
Clearwater Paper Corporation (NYSE:CLW) shares are trading higher after the company inked a deal to sell its tissue business to Sofidel America Corporation for $1.06 billion, subject to adjustments for debt, cash, transaction expenses, and net working capital. The price is about six times the tissue segment’s Adjusted EBITDA for the 12 months ending March. The transaction represents the next step in Clearwater Paper’s transformation to become a premier independent supplier of paperboard to North American converters and the conclusion of its previously announced review of strategic options for the tissue business. The deal is expected to close in late 2024, pending standard condition
The transaction represents the next step in the Company's transformation to become a premier independent supplier of paperboard to North American converters and the conclusion of its previously announced review of strategic options for the tissue business. The Company expects net proceeds from the transaction of approximately $850 million, which it intends to use to meaningfully delever its balance sheet and invest in growth initiatives for its continuing operations. The transaction is expected to close in the latter part of 2024, subject to customary closing conditions.
Clearwater Paper's Shelby Mill manufactures private branded bathroom tissue, paper towels, napkins, and facial tissue. The 400-acre facility employs more than 600 people.
As of May 30, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Nexa Resources S.A. (NYSE:NEXA) On May 2, Nexa posted better-than-expected quarterly sales. The
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RBC Capital analyst Matthew McKellar maintains Clearwater Paper (NYSE:CLW) with a Sector Perform and raises the price target from $41 to $42.