Clearwater Paper Q2 net sales up 30% to $526M, net income $15M vs year-ago loss

Clearwater Paper Corp

2022-Q2 EPS reported $1.83 revenue$1,014,600,000

Net income of $15M ($0.86 diluted EPS) vs net loss of $52M ($3.10 loss) in Q2 2021.
Adjusted EBITDA $63M vs $15M in prior-year quarter; adjusted net income $19M ($1.11 per share).
Paperboard segment sales prices up 26% to $1,332/ton; tissue volumes up 25% with 8% price increase.
Reduced net debt by $68M in the quarter; repurchased nearly $4M of shares ($26M remaining).
Management expects inflation to persist into Q3; capital allocation priorities to be discussed later.

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