Clearwater Paper (CLW) Misses Q4 EPS by 8c

Clearwater Paper (NYSE: CLW) reported Q4 EPS of $1.45, $0.08 worse than the analyst estimate of $1.53. Revenue for the quarter came in at $453 million versus the consensus estimate of $449.33 million.

"Our people delivered exceptional results while persevering through significant professional and personal challenges in 2020, and I could not be prouder of the team," said Arsen Kitch, president and chief executive officer. “We delivered an outstanding year by focusing on our people and our customers. Our tissue business navigated through significant demand volatility, built better customer relationships, and ramped the new Shelby paper machine. Our paperboard business maintained stability despite variable end market demand. This performance enabled us to reduce net debt and strengthen our balance sheet.”

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

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