Clearwater Paper Reports Fourth Quarter and Year End 2024 Results

With the completion of the sale of our tissue business on November 1, 2024, all periods presented include our former tissue segment as discontinued operations and the paperboard segment plus corporate expenses as continuing operations. Total operations includes both continuing and discontinued operations.

2024 FULL YEAR HIGHLIGHTS
*Acquired Augusta, Georgia paperboard facility on May 1, 2024; sold tissue business on November 1, 2024
*Net sales from continuing operations of $1.4 billion, up 22% compared to 2023, primarily due to incremental volume from our Augusta acquisition
*Net sales from total operations of $2.2 billion, up 6% compared to 2023
*Net loss from continuing operations of $74 million, or 4.41 per diluted share compared to net income from continuing operations of $49 million, or $2.85 per diluted share in the last year
*Net income from total operations of $196 million or $11.70 per diluted share, which includes the gain on sale of our tissue operations of $307 million ($219 million after tax or $13.11 per diluted share) compared to $108 million, or $6.30 per diluted share in last year

“2024 was a transformational year for Clearwater Paper. 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.”

Net sales from total operations were $483 million for the fourth quarter of 2024, down 6% compared to fourth quarter 2023 net sales of $513 million. Net income from total operations for the fourth quarter of 2024 was $199 million, or $11.91 per diluted share which includes $307 million of gain on sale of the tissue division ($219 million after tax) compared to $18 million for the fourth quarter of 2023, or $1.06 per diluted per share.

Net sales from total operations were $2.2 billion for 2024, an increase of 6% compared to 2023 net sales of $2.1 billion. Net income for 2024 was $196 million, or $11.70 per diluted share, compared to $108 million for 2023, or $6.30 per diluted share.
details at: https://ir.clearwaterpaper.com/investors/press-releases/news-details/2025/Clearwater-Paper-Reports-Fourth-Quarter-and-Year-End-2024-Results/default.aspx

Related Posts

Lecta Introduces its New Adestor Laser 60 LB DFE Product

Lecta expands its offering of Adestor self-adhesive products for the healthcare industry with the launch of Adestor Laser 60 LB DfE. Hospitals and laboratories handle chemical samples and tests that require a high degree of traceability to ensure the monitoring of all the coded data on test tubes. The identification of the containers, through variable labeling, requires label integrity, both in terms of adhesion and data legibility. The new Adestor Laser 60 LB DfE facestock, with greater environmental efficiency, provides excellent performance for all small-diameter labeling applications used in the most frequently performed analysis processes in laboratories. This new product is also ideally suited to different variable data printing technologies.

Sappi Limited – Q4 and full FY23 financial results

Against a backdrop of a persistently volatile and challenging macroeconomic environment Sappi delivered EBITDA excluding special items of US$731 million for the year ended September 2023. The widespread disruption caused by ongoing geopolitical instability, weak global economic growth, rising interest rates, and an underperforming Chinese economy negatively impacted markets for our products. The South African business delivered record EBITDA (in ZAR) and North America the second highest ever EBITDA. The group generated significant cash which enabled a further reduction of net debt at year-end to US$1,085 million, the lowest level in 30 years.

New innovation from Stora Enso minimizes plastic in paper cups to help food service brands meet sustainability targets

UltraThinPE Tec™ is a new innovation from Stora Enso that significantly reduces the share of plastic coating in foodservice [board (FSB) and applications such as single-use paper cups. With the help of UltraThinPE Tec™, Stora Enso has developed the thinnest polymer coating for FSB products on the market. This achievement allows for paper cup designs with less than 5% plastic – an important step in helping packaging converters, brand-owners, and retailers meet their plastics reduction targets. The technology is presently used in the production of UltraThinPE coatings for Stora Enso’s Cupforma product range for paper cups. Paperboard material used for producing paper cups requires a barrier – commonly made from plastic – that offers both protection against liquid and functionality in converting. UltraThinPE Tec™ greatly improves the sustainability of paper cups by yielding the lowest plastic coating weight available on the market and reducing the overall carbon footprint of the finished product. UltraThinPE Tec™ reduces plastic coating weight by up to 40% when compared to Cupforma Natura products with 15 g/m2 PE (polyethylene) or renewable PE Green coatings (bio-based polyethylene), therefore enabling a share of greater than 95% paperboard. Achieving a plastic share of less than 5% helps brand-owners meet the composite threshold for packaging in some European countries. As a result, UltraThinPE Tec™ coatings can significantly reduce extended producer responsibility (EPR) fees by as much as 75% in countries such as Germany.
Back To Top
×Close search
Search