Earnings: Clearwater Paper Corp.
Tissue, pulp and paperboard manufacturer
Stock symbol:
CLW |
Reporting period:
2Q |
Earnings:
Profit of $15.6 million 81 cents per share
Versus 2Q 2014: Profit of $12.5 million 61 cents per share |
Revenue:
$444.6 million versus $498.8 million for 2Q 2014 |
Analysis:
Company officials said the 2Q results included $2.4 million in one-time gains related to the sale of Clearwater’s speciality mills and closure of a plant in Long Island, New York, as well as an after-tax gain related to the board of directors’ equity-based compensation. |