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Clearwater Paper Corp. (CLW)
NYSE:CLW
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.33Last Year’s EPS
$1.35Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 19.98%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. While the company showcased strong strategic moves, like the successful sale of the tissue business and a focus on becoming a premier paperboard supplier, there were significant challenges, including the impact of Hurricane Helene and a down cycle in the SBS market. The company is taking steps to reduce costs and position itself for future growth, but the current market conditions present notable headwinds.Company Guidance
During Clearwater Paper's Q3 2024 earnings call, the company provided comprehensive guidance on their financial and strategic outlook. They reported $64 million in adjusted EBITDA, which fell within their guidance range of $58 million to $68 million, despite a $5 million impact from Hurricane Helene. Looking forward, Clearwater anticipates a Q4 adjusted EBITDA range of $20 million to $30 million, considering the sale of their tissue business, which is expected to reduce EBITDA by $25 million to $30 million. For 2025, Clearwater is targeting an adjusted EBITDA margin of 8% to 10% with anticipated revenues of $1.5 billion to $1.6 billion, driven by a demand recovery and cost reduction initiatives. The company plans to reduce its fixed cost structure by approximately 10% and achieve a 6% SG&A spend as a percentage of sales, translating into over $50 million in annual run-rate cost savings by the end of 2025. Across the industry cycle, Clearwater targets adjusted EBITDA margins of 13% to 14% and a free cash flow conversion ratio of 40% to 50%, aiming for over $100 million in annual free cash flows.Strong Adjusted EBITDA Performance
The company reported $64 million in adjusted EBITDA for Q3 2024, which was within the guidance range of $58 million to $68 million, despite a $5 million impact from Hurricane Helene.
Successful Sale of Tissue Business
The sale of the tissue business to Sofidel for $1.06 billion was completed, resulting in approximately $850 million in net proceeds used to pay down outstanding credit facilities.
Strategic Transformation Focus
Clearwater is becoming a premier paperboard packaging supplier, focusing on servicing independent converters in North America, with a new $100 million share repurchase program approved.
Positive Industry Demand Signals
Industry SBS shipments increased by 2.4% in Q3 2024 compared to the previous quarter, with year-to-date shipments up 2.5% compared to 2023.
Cost Reduction Initiatives
A 10% reduction in fixed costs and targeting SG&A at 6% of net sales, with expected annualized savings of $50 million and $30 to $40 million of savings targeted for 2025.
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CLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $25.22 | $28.02 | +11.10% |
| Aug 06, 2024 | $48.25 | $38.16 | -20.91% |
| Apr 29, 2024 | $40.69 | $45.04 | +10.69% |
| Feb 20, 2024 | $34.77 | $36.00 | +3.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clearwater Paper Corp. (CLW) report earnings?
Clearwater Paper Corp. (CLW) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Clearwater Paper Corp. (CLW) earnings time?
Clearwater Paper Corp. (CLW) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLW EPS forecast?
CLW EPS forecast for the fiscal quarter 2024 (Q4) is -$0.33.
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