Last $67.13 USD
Change Today +0.64 / 0.96%
Volume 81.6K
CLW On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

clearwater paper corp (CLW) Snapshot

Open
$66.39
Previous Close
$66.49
Day High
$67.23
Day Low
$65.52
52 Week High
09/4/14 - $72.94
52 Week Low
01/24/14 - $49.88
Market Cap
1.3B
Average Volume 10 Days
121.3K
EPS TTM
$6.04
Shares Outstanding
19.5M
EX-Date
--
P/E TM
11.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CLEARWATER PAPER CORP (CLW)

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clearwater paper corp (CLW) Details

Clearwater Paper Corporation manufactures and sells private label tissue and paperboard products in the United States and internationally. The company operates through two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment provides a line of at-home tissue products, such as bathroom tissues, paper towels, napkins, and facial tissues; recycled fiber value grade products; away-from-home tissues; parent roll tissues; absorbent products used to produce liners for diapers, feminine care products, surgical waddings, and other medical and sanitary disposable products; and machine-glazed tissue products, including wax paper products and machine-glazed tissue parent rolls. This segment sells its products to retailers and wholesale distributors, such as grocery, drug, mass-merchant, and discount stores. The Pulp and Paperboard segment offers bleached paperboards, folding carton boards, liquid packaging paperboard, cup, plate, commercial printing grades, and hardwood and softwood pulps. This segment sells its products to packaging converters through sales offices; and to commercial printers through distribution. The company is headquartered in Spokane, Washington.

3,860 Employees
Last Reported Date: 02/20/14
Founded in 2005

clearwater paper corp (CLW) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $416.7K
Senior Vice President and President of Consum...
Total Annual Compensation: $450.0K
Senior Vice President and President of the Pu...
Total Annual Compensation: $350.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $341.7K
Compensation as of Fiscal Year 2013.

clearwater paper corp (CLW) Key Developments

Clearwater Paper Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Tax Rate and Capital Expenditures Guidance for the Year 2014; Reports Impairment of Assets for the Third Quarter Ended September 30, 2014

Clearwater Paper Corporation announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $511,142,000 against $487,845,000 a year ago. Income from operations was $43,978,000 against $18,842,000 a year ago. Earnings before income taxes were $9,988,000 against $8,134,000 a year ago. Net earnings were $6,253,000 or $0.31 per diluted share against $13,317,000 or $0.60 per diluted share a year ago. Adjusted EBITDA was $71,961,000 against $43,100,000 a year ago. Adjusted net earnings were $25,695,000 or $1.28 per diluted share against $6,436,000 or $0.29 per diluted share a year ago. The increase in EBITDA and Adjusted EBITDA was due primarily to strong paperboard markets and pricing as well as increased contribution from the company's through-air-dried, or TAD, expansion. EBITDA was $66,271,000 against $41,022,000 a year ago. Capital expenditures were $26,000,000 in the third quarter. Adjusted operating income was $50,000,000. During the third quarter, the company generated $7,000,000 of cash from operating activities or 1% of net sales, down from 12% in second quarter of 2014 and well below its cash flow model of 11% to 13%. Operating cash flow in the third quarter was impacted by the $19,000,000 make whole payment, a seasonal inventory build in pull plugs and some opportunistic spot buys of hardwood pulp and then timing of receivable collections. For the nine months, the company reported net sales of $1,494,821,000 against $1,419,671,000 a year ago. Income from operations was $97,579,000 against $61,039,000 a year ago. Earnings before income taxes were $42,167,000 against $11,197,000 a year ago. Net earnings were $24,932,000 or $1.21 per diluted share against $24,093,000 or $1.07 per diluted share a year ago. Net cash flows from operating activities were $101,931,000 against $91,540,000 a year ago. Additions to plant and equipment were $54,029,000 against $54,400,000 a year ago. Adjusted EBITDA was $183,988,000 against $134,228,000 a year ago. Adjusted net earnings were $54,850,000 or $2.66 per diluted share against $20,458,000 or $0.91 per diluted share a year ago. EBITDA was $164,118,000 against $128,623,000 a year ago. For the third quarter ended September 30, 2014, the company reported impairment of assets of $890,000. The company expects its annual GAAP and adjusted tax rate to be approximately 38% for 2014. Capital expenditures are now expected to total approximately $95 million in 2014. That is up from prior outlook of $78 million as it is accelerating action on warehousing, converting and distribution efficiencies and other optimization-related activities.

Clearwater Paper Corporation, Q3 2014 Earnings Call, Oct 22, 2014

Clearwater Paper Corporation, Q3 2014 Earnings Call, Oct 22, 2014

Clearwater Paper Corporation Presents at Deutsche Bank 22nd Annual Leveraged Finance Conference, Oct-01-2014 12:25 PM

Clearwater Paper Corporation Presents at Deutsche Bank 22nd Annual Leveraged Finance Conference, Oct-01-2014 12:25 PM. Venue: The Phoenician, 6000 East Camelback Road, Scottsdale, AZ 85251, United States.

 

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Industry Analysis

CLW

Industry Average

Valuation CLW Industry Range
Price/Earnings 12.9x
Price/Sales 0.7x
Price/Book 2.4x
Price/Cash Flow 12.0x
TEV/Sales 0.3x
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