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Mar 31, 2022
Clearwater Paper Q1 2022 Earnings Report
Delivered strong performance due to continued strength in the paperboard business and improvements in tissue.
Key Takeaways
Clearwater Paper reported a strong first quarter in 2022, exceeding expectations due to strong operational execution and improved pricing in both the paperboard and tissue businesses. Net sales increased by 15% to $488 million, and net income was $17 million, or $0.97 per diluted share.
Net sales of $488 million, up 15% compared to the first quarter of last year.
Net income of $17 million, or $0.97 per diluted share.
Adjusted EBITDA of $59 million.
Reduced net debt by $31 million in the quarter.
Forward Guidance
Inflationary pressures are expected to persist in 2022, which we are offsetting with higher sales prices that were previously announced and operational improvements. Given our strong performance and improved outlook for the year, we are on track to achieve our leverage ratio sooner than anticipated and are resuming our previously approved stock repurchase program.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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