Clearwater Paper Shares Climb Following Q1 Financial Results

Published 6 hours agoCLW

Clearwater Paper Shares Climb Following Q1 Financial Results

Clearwater Paper Corporation saw its shares jump by 6.8% after announcing its first-quarter 2025 financial results. The company reported a 6% year-over-year growth in net sales, accompanied by a striking 67% increase in paperboard sales volumes during the third quarter of 2024, reaching 314,320 tons, compared to 187,944 tons in the previous year, as noted on their investor site.

The company's operational performance shone despite facing challenges such as a severe weather event that forced production halts at its Lewiston site. Clearwater Paper reported a net income of $17 million, or $1.02 per diluted share, which is a $7 million decrease from the first quarter of the previous year. Adjusted EBITDA also saw a slight decline to $62 million, down by $4 million, according to Businesswire.

Strategically, Clearwater Paper is expanding its capabilities with the $700 million acquisition of a bleached paperboard manufacturing facility in Augusta, Georgia. This move is expected to significantly boost its paperboard output and expand its geographic reach. Businesswire highlighted these strategic developments as pivotal in bolstering Clearwater Paper's market position.

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