Clearwater Paper (CLW) Misses Q1 EPS by 25c
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Clearwater Paper Reports First Quarter 2023 Results
May 2, 2023 4:05 PM EDTSPOKANE, 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 ended March 31, 2023.
FIRST QUARTER HIGHLIGHTS
Solid performance in the quarter, with price realization offsetting inflation Strong demand for tissue products, softening demand for paperboard Net sales of $525 million, up 8% compared to the first quarter of last year, driven by higher pricing Net income of $24 million, or $1.40 per diluted share Adjusted EBITDA of $66... More