Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Thursday, October 17, 2019  Spokane, Washington  Est. May 19, 1883
Fog 51° Fog
News >  Business

Clearwater Paper reports earnings loss for second quarter

UPDATED: Fri., Aug. 2, 2019, 4:42 p.m.

Spokane-based Clearwater Paper Co. reported a net loss in earnings during the second quarter.

The company reported a net loss in earnings of $400,000, or 3 cents per share, compared to net earnings of $7 million, or 42 cents per share in the second quarter of 2018, according to a company statement.

The decrease in net earnings was the result of costs associated with startup of the company’s new paper machine Shelby, North Carolina, and maintenance at mills in Shelby; Cypress Bend, Arkansas; and Lewiston.

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com