Clearwater Paper reports Q4 EPS ($1.17) vs. (15c) last year

Reports Q4 revenue $387.1M vs. $268.6M last year. “2024 was a transformational year for Clearwater Paper (CLW). We took significant steps to focus our strategy on becoming a paperboard packaging company. We acquired a high-quality manufacturing facility in Augusta, Georgia, increasing our paperboard capacity by nearly 75% and improving our geographic footprint in North America,” said Arsen Kitch, president and chief executive officer. “We also divested our tissue business for $1.06 billion at closing and used the proceeds to de-lever our balance sheet and position the company for future growth in paperboard.”