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Sep 30, 2022
Clearwater Paper Q3 2022 Earnings Report
Clearwater Paper's financial performance was strong in Q3 2022, with price realization offsetting inflation and net sales increasing.
Key Takeaways
Clearwater Paper reported strong Q3 2022 results, exceeding expectations with robust volumes, pricing, and operational performance. Net sales increased by 20% to $539 million, and net income reached $21 million, or $1.21 per diluted share. Adjusted EBITDA was $77 million. The company continued to reduce net debt, with nearly $106 million reduced year to date.
Net sales reached $539 million, reflecting a 20% increase compared to Q3 2021.
Net income amounted to $21 million, or $1.21 per diluted share.
Adjusted EBITDA was $77 million for the quarter.
Net debt was reduced by nearly $106 million year-to-date.
Forward Guidance
Clearwater Paper is focused on operational performance and mitigating the impact of inflation amidst economic uncertainty. The company aims to enhance financial flexibility to capitalize on opportunities for shareholder value creation.
Positive Outlook
- Focus on operational performance.
- Mitigating the impact of inflation.
- Improving financial flexibility.
- Taking advantage of opportunities.
- Creating shareholder value.
Challenges Ahead
- Economic uncertainty
- Impact of the COVID-19 pandemic on operations
- Competitive pricing pressures
- Changes in the cost and availability of wood fiber and wood pulp
- Manufacturing or operating disruptions
Historical Earnings Impact
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Avg. Return Before/After Earnings
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