Clearwater Paper (NYSE: CLW) reported Q1 EPS of $0.69, $0.18 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $426 million versus the consensus estimate of $435.33 million.

COMPANY OUTLOOK:

“We are continuing to position our businesses for long-term success, while taking actions that will help offset cost inflation and the short-term market driven adjustment in tissue demand. Our paperboard business continues to perform well with favorable market dynamics. We are confident that our focus on business improvements will deliver sustained performance in the long run,” Kitch concluded.

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