Clearwater Paper (CLW) Tops Q2 EPS by 23c

Clearwater Paper (NYSE: CLW) reported Q2 EPS of $1.67, $0.23 better than the analyst estimate of $1.44. Revenue for the quarter came in at $480.5 million versus the consensus estimate of $477.27 million.

COMPANY OUTLOOK

"For the upcoming quarter, our primary focus will remain the health and safety of our employees while we continue to operate our facilities and service customers. Demand for tissue products is expected to remain at elevated levels due to COVID-19 but slowly normalize as retail in-stock conditions and inventories continue to improve. We are also closely monitoring economic conditions and assessing the impact on our business for the balance of the year,” Kitch concluded.

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

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