Clearwater Paper Q2 net income $30M ($1.75/diluted), beats prior year; reduces debt $25M

Clearwater Paper Corp

2023-Q2 EPS reported $3.15 revenue$1,050,000,000

Net sales $525M (flat YoY); net income $30M ($1.75/diluted) vs $15M ($0.86) in Q2 2022.
Adjusted EBITDA $71M, up 13% from $63M; margin improved to 13.6% from 12%.
Reduced net debt by $25M from Q1; repurchased $8M of shares ($15M remaining under program).
Consumer Products segment EBITDA jumped to $40M from $19M, driven by higher prices and lower input costs.
Pulp and Paperboard EBITDA fell to $51M from $61M on planned downtime and lower volumes; prices up 6%.

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 1.0

Clearwater Paper Corp reported the second quarter ended June 30, 2023 results: revenue $525 million, net income $30 million, or $1.75 per diluted share, EPS $1.75 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $525 million
Net income: $30 million, or $1.75 per diluted share
EPS: $1.75 per diluted share
Result: reported results

Exact text from the filing

tissue and bleached paperboard products, today reported financial results for the second quarter and six months ended June 30, 2023. SECOND QUARTER HIGHLIGHTS • Net sales of $525 million, slightly below the second quarter of last year • Net income of $30 million, or $1.75 per diluted share • Adjusted net income of $30 million, $11 million higher than the second

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Source: SEC EDGAR

accession 0001504337-23-000025

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