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Dec 31, 2020
Clearwater Paper Q4 2020 Earnings Report
Delivered strong performance due to continued elevated demand for tissue products and solid operational execution.
Key Takeaways
Clearwater Paper Corporation reported a strong fourth quarter and year-end 2020, driven by elevated demand for tissue products and solid operational execution. The company achieved a net income of $23 million, or $1.34 per diluted share, and net sales of $453 million, up 4.0% compared to the fourth quarter of 2019.
Delivered strong performance due to continued elevated demand for tissue products and solid operational execution.
Achieved net income of $23 million, or $1.34 per diluted share and Adjusted EBITDA of $72 million.
Net sales of $453 million, up 4.0% compared to the fourth quarter of 2019.
Net debt reduction of $58 million.
Forward Guidance
For the first quarter of 2021, Clearwater Paper's primary focus will remain on the health and safety of its people while continuing to operate facilities and service customers. Demand for tissue products is expected to be volatile due to COVID-19 and will be lower than the first quarter of 2020. The company is anticipating some inflationary headwinds, notably in market pulp pricing.
Positive Outlook
- Focus on health and safety of people.
- Continue to operate facilities.
- Continue to service customers.
Challenges Ahead
- Demand for tissue products is expected to be volatile due to COVID-19.
- Demand will be lower than the first quarter of 2020.
- Anticipating some inflationary headwinds.
- Inflation notably in market pulp pricing.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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