Michael Urlick
On May 16, 2025, Michael Urlick informed Clearwater Paper Company (the “Company”) that he intends to resign from his position as Senior Vice President, Commercial of the Company to pursue a new opportunity.
Highest-materiality recent filing
Clearwater Paper Q1 net loss $13M; adjusted EBITDA drops to $2M from $30M
Net sales $360M versus $378M in Q1 2025; net loss $13M ($0.80/diluted share) vs loss $6M ($0.38).
Clearwater Paper full-year net loss $53M; adjusted EBITDA improves to $107M from $36M
Net loss from continuing ops in 2025: $53M ($3.28/diluted share) vs net income $196M in 2024 (includes one-time gains).
Clearwater Paper Q3 net loss $53M on $399M sales; $45M goodwill impairment, adjusted EBITDA $18M
Net loss from continuing ops $54M ($3.34 diluted) vs $11M loss in Q3 2024; includes $45M non-cash goodwill impairment.
Clearwater Paper swings to Q2 profit: net income $4M vs loss $42M; Adj EBITDA $40M
Net sales $392M, up 14% YoY on Augusta mill volume; paperboard volume +12% to 304,713 tons.
Clearwater Paper Q1 net loss $6M, sales up 46% to $378M; Adj. EBITDA doubles
Net sales $378M (+46% YoY) from Augusta acquisition; net loss from cont. ops $6M ($0.36/diluted) vs. loss $2M.
Clearwater Paper Q4 net loss from continuing ops $74M; total net income boosted by tissue sale gain
Net loss from continuing ops $74M ($4.41 diluted loss) vs net income $49M in 2023; total net income $196M includes $307M gain on tissue sale.
Clearwater Paper Q3 net loss $11M from continuing ops; board approves $100M buyback
Net loss from continuing ops $11M ($0.64 per diluted share) vs net income $15M a year ago.
Clearwater Paper completes $1.06B sale of consumer products division to Sofidel
Closed sale of tissue business (Las Vegas, Elwood, Shelby, Lewiston assets) for ~$1.06B cash on Nov 1, 2024.
Clearwater Paper reports Q2 net loss of $26M; agrees to sell tissue business to Sofidel for $1.06B
Net loss of $26M ($1.55 diluted loss per share) vs net income of $30M ($1.75 EPS) in Q2 2023.
Clearwater Paper sells consumer products division to Sofidel for $1.06B
Purchase price of $1.06B, subject to debt/cash/expense adjustments; $450M deposited into escrow at signing.
Acquired certain assets of GPK's consumer packaging business (Augusta, GA mill) for ~$700M cash, subject to adjustments.
Clearwater Paper Q1 net sales down 6% to $496M; EPS $1.02 vs $1.40; Augusta acquisition on track
Q1 net income $17M ($1.02 diluted EPS), down from $24M ($1.40) YoY; adjusted net income $24M ($1.43).
Purchase price $700M in cash, subject to inventory adjustments, for Graphic Packaging's consumer packaging business at its Augusta, GA mill.
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.
Clearwater Paper Q3 adjusted net income up to $37M; tissue strength boosts Consumer Products
Net sales of $520M, down 3% YoY; net income of $37M ($2.17 diluted EPS) vs $21M a year ago.
Clearwater Paper refinances $270M 5.375% Notes due 2025 with new AgWest facility
Entered $270M revolving credit facility with AgWest Farm Credit; $150M drawn to partially fund redemption of 5.375% senior notes due 2025.
Clearwater Paper appoints Sherri Baker as CFO effective August 14, 2023
Baker replaces Rebecca Barckley, who remains VP, Corporate Controller and principal accounting officer.
Clearwater Paper Q2 net income $30M ($1.75/diluted), beats prior year; reduces debt $25M
Net sales $525M (flat YoY); net income $30M ($1.75/diluted) vs $15M ($0.86) in Q2 2022.
Clearwater Paper Q1 net sales +8% to $525M; net income $24M vs $17M YoY
Net sales $525M (+8% YoY); net income $24M ($1.40 diluted EPS) vs $17M ($0.97).
Clearwater Paper reports Q4 net loss of $6M; full-year net income $46M on 17% revenue growth
Q4 net loss $6M ($0.34/diluted) vs Q4 2021 net income $10M ($0.56/diluted).
Clearwater Paper Q3 net sales $539M (+20% YoY); adj. EBITDA $77M; net income $21M
Net income of $21M ($1.21 diluted EPS) vs $2M ($0.11) a year ago; adjusted EPS $1.83.
Clearwater Paper Q2 net sales up 30% to $526M, net income $15M vs year-ago loss
Net income of $15M ($0.86 diluted EPS) vs net loss of $52M ($3.10 loss) in Q2 2021.
Clearwater Paper Q1 adj EPS $1.03 beats; net sales $488M (+15%); resumes buyback
Net sales $488M (+15% YoY), net income $17M ($0.97 diluted EPS), adj net income $18M ($1.03 diluted EPS).
Clearwater Q4 net income $0.56/sh; full-year net loss $1.67/sh; tissue drags
Q4 net sales $490M (+8% YoY); net income $10M ($0.56 diluted EPS); adjusted EPS $0.82.
Clearwater Paper Q3 net income falls 90% YoY to $2M on $450M sales; adj. EBITDA $50M
Net income $2M ($0.11 diluted) vs $21M ($1.28) year ago; adjusted net income $9M ($0.55) vs $27M.
Clearwater Paper Q2 net loss $52M vs prior year net income $23M; revenue down 15%
Net loss of $52M ($3.10 diluted loss) vs net income of $23M ($1.36) in Q2 2020.
On May 16, 2025, Michael Urlick informed Clearwater Paper Company (the “Company”) that he intends to resign from his position as Senior Vice President, Commercial of the Company to pursue a new opportunity.
On July 1, 2025, Michael S. Gadd will step down as Senior Vice President, General Counsel of Clearwater Paper Corporation (the “Company”), and will serve as a Senior Vice President of the Company.
Effective July 1, 2025, Marc D. Rome, will assume the role of Senior Vice President, General Counsel of the Company and continue to serve as Corporate Secretary of the Company.
Steve Bowden will become the Company’s Senior Vice President, Operations.
The Board of Directors of Clearwater Paper Corporation (the “Company”) elected Sherri J. Baker as the Company’s Senior Vice President, Chief Financial Officer and designated her as the Company’s principal financial officer, effective August 14, 2023.
Ms. Barckley will remain as Vice President, Corporate Controller and principal accounting officer for the Company.
Michael J. Murphy will leave the Company on June 30, 2023
On June 23, 2023, the Board of Directors of Clearwater Paper Corporation (the “Company”) elected Rebecca A. Barckley as Interim Chief Financial Officer (“Interim CFO”), effective July 1, 2023.
On March 16, 2023, the Board of Directors of Clearwater Paper Corporation (the “Company”) announced the departure of Michael J. Murphy, Senior Vice President and Chief Financial Officer of the Company.
On September 23, 2022, the Board of Directors (the “Board”) of Clearwater Paper Corporation (the “Company”) elected Jeanne M. Hillman, age 63, as a director, effective October 1, 2022.
Max materiality 1.00 · Median 0.72 · Most common event earnings