secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001504337-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000024/0001504337-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000024/clw-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001504337-24-000024

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