earnings
confidence high
sentiment negative
materiality 0.80
Clearwater Paper Q2 net loss $52M vs prior year net income $23M; revenue down 15%
Clearwater Paper Corp
2021-Q1 EPS reported
-$2.37
revenue$832,300,000
- Net loss of $52M ($3.10 diluted loss) vs net income of $23M ($1.36) in Q2 2020.
- Adjusted EBITDA fell to $15M from $79M; net sales $406M, down 15% year-over-year.
- Consumer Products segment sales down 33% to $181M; tissue case shipments fell 36%.
- Paperboard segment sales up 5% but operating income dropped to $13M from $32M on maintenance outage.
- Incurred $41.7M impairment and closure costs for Neenah facility; continued to reduce net debt.