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Mar 31, 2023
Clearwater Paper Q1 2023 Earnings Report
Improved performance relative to the fourth quarter, as operational issues were resolved and higher pricing was seen.
Key Takeaways
Clearwater Paper reported net sales of $525 million, an 8% increase compared to the first quarter of 2022. Net income for the first quarter of 2023 was $24 million, or $1.40 per diluted share.
Solid performance in the quarter, with price realization offsetting inflation
Strong demand for tissue products, softening demand for paperboard
Net sales of $525 million, up 8% compared to the first quarter of last year, driven by higher pricing
Net income of $24 million, or $1.40 per diluted share
Forward Guidance
We expect demand for paperboard to improve in the second half versus the first half as we believe that customers will adjust their inventories and end users will return to more normal buying patterns. We expect continued strength in our tissue business in the coming quarters, with anticipated strong demand and moderating input costs driving margin improvement.
Positive Outlook
- Demand for paperboard to improve in the second half of the year
- Customers will adjust their inventories
- End users will return to more normal buying patterns
- Continued strength in tissue business
- Anticipated strong demand and moderating input costs driving margin improvement
Historical Earnings Impact
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Avg. Return Before/After Earnings
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