Quarterly Earnings: Clearwater Paper Corp.
Tissue, paperboard and pulp manufacturer
| Stock symbol:
CLW |
| Reporting period:
2Q |
| Earnings:
Profit of $21.5 million 91 cents per share Versus 2Q 2011: Profit of $13.9 million 59 cents per share |
| Revenue:
$473.6 million |
| Analysis:
Strong sales of tissue, pulp and paperboard led to a jump in Clearwater’s quarterly earnings, said CEO Gordon Jones. The company repurchased 238,482 shares of stock during the quarter at a cost of $7.5 million as part of a strategic buyback program. |