secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001504337-24-000040
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Paper reports Q2 net loss of $26M; agrees to sell tissue business to Sofidel for $1.06B
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- Net loss of $26M ($1.55 diluted loss per share) vs net income of $30M ($1.75 EPS) in Q2 2023.
- Revenue of $586M (+12% YoY) driven by incremental sales from the Augusta acquisition completed in May.
- Signed definitive agreement to sell consumer products (tissue) division to Sofidel America Corp. for $1.06B; expected close in Q4 2024.
- Paperboard segment Adjusted EBITDA fell to $11M from $51M due to planned maintenance outage at Lewiston facility.
- Tissue segment Adjusted EBITDA $41M, flat vs $40M prior year; higher volumes offset by lower prices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000040/0001504337-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000150433724000040/clw-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001504337-24-000040

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