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Mar 31, 2021
Clearwater Paper Q1 2021 Earnings Report
Clearwater Paper reported first quarter results with net income of $12 million and adjusted EBITDA of $54 million.
Key Takeaways
Clearwater Paper reported net sales of $426 million, a decrease of 11% compared to the first quarter of 2020. Net income was $12 million, or $0.71 per diluted share. Adjusted EBITDA for the quarter was $54 million.
Net income of $12 million, or $0.71 per diluted share
Adjusted EBITDA of $54 million
Net debt reduced by $21 million
Strong demand for paperboard products
Forward Guidance
Clearwater Paper is positioning its businesses for long-term success, while taking actions to offset cost inflation and the short-term market driven adjustment in tissue demand. The paperboard business continues to perform well with favorable market dynamics.
Positive Outlook
- Focus on business improvements
- Favorable market dynamics for paperboard
- Positioning businesses for long-term success
- Taking actions to offset cost inflation
- Taking actions to offset short-term market driven adjustment in tissue demand
Challenges Ahead
- Cost inflation
- Short-term market driven adjustment in tissue demand
- Decrease in tissue demand as consumers de-stocked their pantries
- Retailers reduced orders to manage inventories
Historical Earnings Impact
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Avg. Return Before/After Earnings
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