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Jun 30, 2022
Clearwater Paper Q2 2022 Earnings Report
Delivered strong performance due to continued strength in paperboard and improvements in tissue.
Key Takeaways
Clearwater Paper reported net sales of $526 million, a 30% increase compared to the second quarter of last year. Net income for the second quarter of 2022 was $15 million, or $0.86 per diluted share. Adjusted EBITDA for the quarter was $63 million.
Delivered strong performance due to continued strength in paperboard and improvements in tissue
Higher pricing in both businesses helping offset inflation
Net sales of $526 million, up 30% compared to the second quarter of last year
Reduced net debt by $68 million in the quarter and nearly $100 million year to date, achieved leverage target
Forward Guidance
Inflation remains a key theme in both of our businesses and is expected to persist into the third quarter. We are continuing with our efforts to offset these cost pressures with operational improvements and pricing. In addition, our focus on cashflow generation has enabled us to achieve our leverage target and we expect to discuss our capital allocation priorities later in the year.
Positive Outlook
- Continuing efforts to offset cost pressures with operational improvements
- Continuing efforts to offset cost pressures with pricing
- Focus on cashflow generation
- Achieved leverage target
- Expect to discuss our capital allocation priorities later in the year
Challenges Ahead
- Inflation remains a key theme in both of our businesses
- Inflation is expected to persist into the third quarter
Historical Earnings Impact
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Avg. Return Before/After Earnings
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