earnings
confidence high
sentiment negative
materiality 0.75
Clearwater Paper Q3 net income falls 90% YoY to $2M on $450M sales; adj. EBITDA $50M
Clearwater Paper Corp
2021-Q3 EPS reported
-$2.25
revenue$1,282,800,000
- Net income $2M ($0.11 diluted) vs $21M ($1.28) year ago; adjusted net income $9M ($0.55) vs $27M.
- Net sales $450M, down 2% YoY; Consumer Products segment sales down 13% to $214M, operating income $4M vs $32M.
- Paperboard segment sales up 9% to $237M; average price per ton up 9% to $1,102.
- Closed Neenah, WI tissue facility; reduced net debt by $7M in quarter, $32M YTD.
- Q4 outlook: favorable paperboard dynamics and Neenah closure benefits offset by rising inflation.