secwatch.observer — SEC 8-K summary
======================================

Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001504337-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000008/0001504337-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000008/clw-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001504337-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer