---
schema_version: "secwatch.filing_event.v1"
accession: "0001504337-24-000008"
form_type: "8-K"
ticker: "CLW"
cik: "0001441236"
company_name: "Clearwater Paper Corp"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:59:02.216304+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearwater Paper posts Q4 net income $18M; announces $700M Augusta acquisition

## Summary
- Q4 net income $18M ($1.04 EPS) vs net loss $6M YoY; Adjusted EBITDA $63M vs $28M.
- Full-year 2023 net income $108M ($6.30 EPS) vs $46M; Adjusted EBITDA $281M, up $54M.
- Signed definitive agreement to buy Augusta paperboard plant from Graphic Packaging for $700M; expected close Q2 2024.
- Company will explore strategic options for tissue business to focus on paperboard growth.
- Net debt reduced $89M in 2023, over $450M since 2020; share repurchases $18M.

## SEC filing metadata
- accession: 0001504337-24-000008
- form_type: 8-K
- ticker: CLW
- cik: 0001441236
- company_name: Clearwater Paper Corp
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1441236/000150433724000008/0001504337-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1441236/000150433724000008/clw-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504337-24-000008
- JSON: https://secwatch.observer/filing/0001504337-24-000008.json
- Plain text: https://secwatch.observer/filing/0001504337-24-000008.txt

## Key facts
- Earnings Releases
  Clearwater Paper Corp reported fourth quarter and year ended December 31, 2023 results: revenue Net sales of $513 million, net income Net income of $18 million, EPS $1.04 per diluted share.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: Net sales of $513 million
  - Net income: Net income of $18 million
  - EPS: $1.04 per diluted share
  - Result: reported results
  source text: For the fourth quarter of 2023, Clearwater Paper reported net sales of $513 million, a 3% decrease compared to net sales of $527 million reported in the fourth quarter of 2022. Net income for the fourth quarter of 2023 was $18 million, or $1.04 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1441236/000150433724000008/0001504337-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.