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An announcement from Clearwater Paper ( (CLW) ) is now available.
Clearwater Paper Corporation reported significant financial outcomes for the third quarter of 2024, with net sales from total operations increasing by 24% to $644 million. Despite a net income drop to $6 million, the company remains optimistic about its strategic focus on paperboard packaging. The Board approved a new $100 million share repurchase authorization aimed at enhancing shareholder value amidst challenging industry conditions. Long-term growth prospects are bolstered by recent divestments and a focus on sustainable packaging solutions.
For an in-depth examination of CLW stock, go to TipRanks’ Stock Analysis page.
