Clearwater Paper Q3 net sales $539M (+20% YoY); adj. EBITDA $77M; net income $21M

Clearwater Paper Corp

2022-Q3 EPS reported $3.04 revenue$1,553,300,000

Net income of $21M ($1.21 diluted EPS) vs $2M ($0.11) a year ago; adjusted EPS $1.83.
Pulp & Paperboard segment net sales $301M (+27% YoY); segment adj. EBITDA $73M.
Consumer Products segment net sales $241M (+13% YoY); segment adj. EBITDA $21M.
Paperboard avg. price $1,405/ton (+28% YoY); retail tissue price $3,082/ton (+13%).
Reduced net debt by ~$106M year-to-date; management cites strong operational performance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clearwater Paper Corp reported the third quarter ended September 30, 2022 results: revenue $539 million, net income $21 million, EPS $1.21 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $539 million
Net income: $21 million
EPS: $1.21 per diluted share
Result: reported results

Exact text from the filing

For the third quarter of 2022, Clearwater Paper reported net sales of $539 million, a 20% increase compared to net sales of $450 million for the third quarter of 2021. Net income for the third quarter of 2022 was $21 million, or $1.21 per diluted share, compared to net income for the third quarter of 2021 of $2 million, or $0.11 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clearwater Paper Corp reported the first nine months ended September 30, 2022 results: revenue $1.6 billion, net income $52 million, EPS $3.04 per diluted share.

Period: the first nine months ended September 30, 2022
Revenue: $1.6 billion
Net income: $52 million
EPS: $3.04 per diluted share
Result: reported results

Exact text from the filing

For the first nine months of 2022, Clearwater Paper reported net sales of $1.6 billion, a 21% increase compared to net sales of $1.3 billion for the first nine months of 2021. Net income for the first nine months of 2022 was $52 million, or $3.04 per diluted share, compared to net loss for the first nine months of 2021 of $38 million, or $2.25 per diluted share.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

Clearwater Paper Corp filing history →

Source: SEC EDGAR

accession 0001504337-22-000029

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