Pulp, paperboard and tissue manufacturer
Profit $6.2 million
29 cents per share
Versus 1Q 2013:
Loss of $900,000
4 cents per share
Clearwater’s pulp and paperboard division delivered a strong quarter for the company, but tissue sales suffered from a highly competitive market and costs associated with higher energy and transportation costs due to the cold weather in the Midwest and Northeastern United States, said President and CEO Linda Massman. The quarterly earnings reflected $7.7 million in one-time costs, primarily associated with the closure of facilities in Thomaston, Ga., and Long Island, N.Y.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.