Clearwater Paper (CLW) Tops Q3 EPS

Clearwater Paper (NYSE: CLW) reported Q3 EPS of $1.35, which may not compare to the analyst estimate of $0.43. Revenue for the quarter came in at $426.5 million versus the consensus estimate of $427.7 million.

“We exceeded our expectations for the third quarter due to record paperboard shipments and strong customer demand for paperboard,” said Linda K. Massman, president and chief executive officer. “We are also seeing positive results from the operating model improvements for our tissue business, resulting in lower transportation and warehousing costs.”

“For the remainder of 2018, we are in the home stretch to complete our new paper machine, converting lines, and warehouse at our Shelby, North Carolina facility. We are also keenly focused on generating cash to pay down debt and optimizing our network of tissue assets to streamline costs and better meet the needs of our customers.”

For earnings history and earnings-related data on Clearwater Paper (CLW) click here.

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