Clearwater Paper (CLW) Misses Q1 EPS by 11c

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Go back to Clearwater Paper (CLW) Misses Q1 EPS by 11c

Clearwater Paper Reports First Quarter 2019 Results

May 1, 2019 4:05 PM EDT

SPOKANE, Wash.--(BUSINESS WIRE)-- Clearwater Paper Corporation (NYSE: CLW) today reported financial results for the first quarter of 2019.

The company reported net sales of $428.8 million for the first quarter of 2019, which were $8.2 million or 1.9% lower than net sales of $437.0 million for the first quarter of 2018. The decrease was due to lower paperboard and tissue shipments including the impact from the sale of the company's mill in Ladysmith, Wisconsin in August 2018, partially offset by higher tissue and paperboard pricing.

Net earnings determined in accordance with generally accepted accounting principles, or GAAP,... More