Clearwater Paper (CLW) Misses Q1 EPS by 18c

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Go back to Clearwater Paper (CLW) Misses Q1 EPS by 18c

Clearwater Paper Reports First Quarter 2021 Results

May 5, 2021 4:05 PM EDT

SPOKANE, Wash.--(BUSINESS WIRE)-- Clearwater Paper Corporation (NYSE: CLW), a premier supplier of quality tissue and bleached paperboard products, today reported financial results for the first quarter of 2021.

FIRST QUARTER HIGHLIGHTS

Net income of $12 million, or $0.71 per diluted share Adjusted EBITDA of $54 million Reduced net debt by $21 million Strong demand for paperboard products

Both of our businesses performed well in the first quarter, despite some headwinds. For paperboard, we experienced strong demand and robust backlogs. The tissue business saw a... More