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Clearwater Paper Corp. earnings

Fri., Feb. 7, 2014, midnight

Pulp, paper and tissue manufacturer

Stock symbol: CLW
Reporting period: 2013
Earnings:

Profit of $106.9 million

$4.80 per share

Versus 2012 earnings:

Profit of $64.1 million

$2.72 per share

Revenue: $1.89 billion, versus $1.87 billion in 2012
Analysis: Clearwater Paper completed a $100 million share buyback program during the fourth quarter, and the board approved another $100 million worth of share repurchases for 2014. President and CEO Linda Massman said the program reflects the company’s positive outlook for the business. The company’s year-end earnings reflect a $60 million net benefit related to its tax position, which was recorded during the fourth quarter.

 

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