Headquartered in Spokane, WA Fiscal year ends December NYSE: CLW clearwaterpaper.com
Clearwater Paper Corporation is an independent supplier of bleached paperboard packaging products to North American converters. The company produces high-quality solid bleached sulfate (SBS) paperboard used in consumer goods and food service applications, including folding carton, food service cups and containers, sheeting and distribution products. Clearwater operates manufacturing facilities in Lewiston, Idaho; Augusta, Georgia; and Cypress Bend, Arkansas. The company previously divested its consumer products (tissue) division to focus exclusively on its paperboard business. Approximately 50% of Clearwater's volume is tied to the RISI price index. The company is actively expanding its product portfolio with new offerings including lightweight folding carton (Velora), recycled paperboard (Circa), compostable plates, unbleached paperboard, and poly-free coatings to serve evolving customer sustainability needs. Updated
Q4 adjusted EBITDA guidance of $10 million to $20 million says the recovery stays slow, because an equipment failure at the Augusta mill hit the quarter and management says the problems ran into October. Pricing is finally moving the right way on average selling prices versus Q2, but both EPS and revenue missed expectations.
Clearwater Paper Corporation is an independent supplier of bleached paperboard packaging products to North American converters.
The Wall Street consensus 12-month price target for CLW is $22.25.