Clearwater Paper Reports Fourth Quarter and Year End 2022 Results
2022 FOURTH QUARTER HIGHLIGHTS *Operational and weather-related issues impacted paperboard operations *Completed planned major maintenance at the Lewiston, Idaho facility *Net loss of $6 million, or $0.34 per diluted share and Adjusted EBITDA of $28 million *Net sales of $527 million, up 8% compared to the fourth quarter of 2021. 2022 FULL YEAR HIGHLIGHTS *Delivered strong performance due to robust demand for paperboard products *Net income of $46 million *Net sales of $2.1 billion, up 17% compared to 2021 due to higher pricing and stronger tissue volumes *Net debt reduction of $108 million in the year, $377 million since 2020