Clearwater Paper Corp. earnings
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. |