Clearwater Paper Corp (CLW) Q3 2024 Earnings Call Highlights: Strategic Moves Amid Market Challenges [Yahoo! Finance]
Clearwater Paper Corporation (CLW)
Last clearwater paper corporation earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
ir.clearwaterpaper.com/investor-relations
Company Research
Source: Yahoo! Finance
Sale of Tissue Business: Sold for $1.06 billion, netting approximately $850 million in cash. Debt Repayment: Proceeds used to pay down all outstanding credit facilities, retaining 2028 notes with $275 million principal at 4.75% interest rate. Share Repurchase Program: $100 million approved by the board. Paperboard Adjusted EBITDA: $42 million in Q3 2024, up from $11 million in Q2 2024, but down from $53 million in Q3 2023. Tissue Adjusted EBITDA: $41 million in Q3 2024, flat versus Q2 2024, slightly up from last year. Fourth Quarter Outlook: Expected adjusted EBITDA of $20 to $30 million. 2025 Adjusted EBITDA Margin Target: 8% to 10%. Revenue Projection for 2025: Approximately $1.5 to $1.6 billion. Cost Savings Target: More than $50 million annual run rate by end of 2025. Annual Maintenance Capital: Approximately $70 to $80 million. Net Leverage Ratio Target: 1 to 2 times through the cycle. Warning! GuruFocus has detected 2 Warning Sign with CLW. Release Date:
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CLW
News
- Clearwater Paper Co. (NYSE: CLW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Clearwater Paper Co. (NYSE: CLW) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $37.00 price target on the stock.MarketBeat
- Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase AuthorizationBusiness Wire
- Clearwater Paper Corporation (CLW) Divests Tissue Business, Boosts Paperboard Focus [Yahoo! Finance]Yahoo! Finance
CLW
Sec Filings
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- 11/4/24 - Form 10-Q
- CLW's page on the SEC website