Clearwater Paper (CLW) Misses Q2 EPS by 147c

Clearwater Paper (NYSE: CLW) reported Q2 EPS of ($1.55), $1.47 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $586 million versus the consensus estimate of $497 million.

COMPANY OUTLOOK

“We remain confident in the long-term fundamentals of the paperboard market and expect gradual demand recovery for the balance of 2024 and into 2025. We currently expect to close the sale of our tissue business in the fourth quarter of 2024, subject to customary closing conditions and regulatory approval. Our plan is to use the proceeds to de-lever our balance sheet and continue executing our strategy to grow and diversify our paperboard product portfolio,” continued Kitch.

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

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