earnings
confidence high
sentiment positive
materiality 0.75
Clearwater Paper Q1 adj EPS $1.03 beats; net sales $488M (+15%); resumes buyback
Clearwater Paper Corp
2022-Q1 EPS reported
$0.97
revenue$488,200,000
- Net sales $488M (+15% YoY), net income $17M ($0.97 diluted EPS), adj net income $18M ($1.03 diluted EPS).
- Paperboard segment adj EBITDA $60M, pricing up 23% to $1,263/ton; consumer adj EBITDA $16M, tissue volumes up 7%.
- Reduced net debt by $31M in Q1; resuming share repurchase program under existing authorization.
- Company cites strong execution and pricing improvements offsetting inflation; inflationary pressures expected to persist.