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Clearwater Paper Corp. earnings

Thu., July 24, 2014, midnight

Pulp, paperboard and tissue manufacturer

Stock symbol: CLW
Reporting period: 2Q
Earnings:

Profit of $12.5 million

61 cents per share

Versus 2Q 2013:

Profit of $11.7 million

52 cents per share

Revenue: $498.8 million
Analysis: Pulp and paperboard sales increased 10 percent during the second quarter, helping Clearwater Paper deliver stronger quarterly earnings, said company officials, who attributed the increase to market backlogs and higher pricing. The company’s tissue division also had a solid quarter, with a 2 percent increase in sales, officials said. The earning results included $2.8 million in one-time charges related to the closure of facilities in Georgia and Long Island, New York.

 

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