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Sep 30, 2021
Clearwater Paper Q3 2021 Earnings Report
Clearwater Paper's financial performance improved in Q3 2021 due to higher tissue demand, strength in paperboard, and solid execution.
Key Takeaways
Clearwater Paper reported net sales of $450 million, a 2% decrease compared to Q3 2020. Net income was $2 million, or $0.11 per diluted share, compared to $21 million, or $1.28 per diluted share in Q3 2020. Adjusted EBITDA was $50 million, compared to $77 million in the same quarter last year.
Net income of $2 million, or $0.11 per diluted share
Adjusted EBITDA of $50 million
Net debt reduced by $7 million in the quarter
Closed Neenah, Wisconsin tissue facility
Forward Guidance
The company expects continued favorable market dynamics in paperboard and benefits from the Neenah mill closure, offset by higher inflation.
Positive Outlook
- Continued favorable market dynamics in paperboard business
- Realization of benefits from the Neenah mill closure
Challenges Ahead
- Higher inflation across key cost areas
Historical Earnings Impact
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Avg. Return Before/After Earnings
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