Clearwater Paper Q1 net sales +8% to $525M; net income $24M vs $17M YoY

Clearwater Paper Corp

2023-Q1 EPS reported $1.40 revenue$525,400,000

Net sales $525M (+8% YoY); net income $24M ($1.40 diluted EPS) vs $17M ($0.97).
Adjusted net income $25M ($1.47 diluted EPS); Adjusted EBITDA $66M vs $59M.
Pulp & Paperboard segment sales $279M (+5%), price +14% to $1,441/ton; volumes -6%.
Consumer Products sales $248M (+11%), tissue price +11% to $3,201/ton; volumes +2%.
Outlook expects paperboard demand improvement H2 2023; tissue demand stays strong.

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 first quarter ended March 31, 2023 results: revenue $525 million, net income $24 million, EPS $1.40 per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $525 million
Net income: $24 million
EPS: $1.40 per diluted share
Result: reported results

Exact text from the filing

HIGHLIGHTS • Solid performance in the quarter, with price realization offsetting inflation • Strong demand for tissue products,softening demand for paperboard • Net sales of $525 million, up 8% compared to the first quarter of last year, driven by higher pricing • Net income of $24 million, or $1.40 per diluted share • Adjusted EBITDA of $66 million "Our

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Source: SEC EDGAR

accession 0001504337-23-000013

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