Clearwater Paper Q1 net sales down 6% to $496M; EPS $1.02 vs $1.40; Augusta acquisition on track

Clearwater Paper Corp

2024-Q1 EPS reported $1.02 revenue$496,200,000

Q1 net income $17M ($1.02 diluted EPS), down from $24M ($1.40) YoY; adjusted net income $24M ($1.43).
Consumer Products segment operating income surged to $32M from $4M; higher tissue volumes (+5%) and lower input costs.
Pulp & Paperboard segment operating income fell to $25M from $57M on 11% lower paperboard pricing and severe weather disruption at Lewiston.
Clearwater Paper on track to close $700M acquisition of Augusta bleached paperboard facility from Graphic Packaging 'shortly'.
Reduced net debt by $33M in Q1; repurchased $1M shares, $6M remaining under program.

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 0.9

Clearwater Paper Corp reported first quarter ended March 31, 2024 results: revenue $496 million, net income $17 million, EPS $1.02 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $496 million
Net income: $17 million
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

strong demand in tissue and improved customer demand in paperboard • Severe weather event resulting in significant disruption to production at the Lewiston site • Net sales of $496 million, down 6% from the first quarter of last year • Net income of $17 million, or $1.02 per diluted share, down $7 million from the first quarter of last year • Adjusted net income of

View on SEC.gov

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

Clearwater Paper Corp filing history →

Source: SEC EDGAR

accession 0001504337-24-000024

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.