Clearwater Paper Reports Second Quarter 2024 Results

Second Quarter Highlights:
*Continued strong demand in tissue, improved demand in paperboard
*Completed acquisition of Augusta paperboard manufacturing facility
*Net sales of $586 million, up 12% from the second quarter of last year, primarily driven by incremental sales volume from Augusta
*Net loss of $26 million, or $1.55 per diluted share compared to $30 million income, or $1.75 per diluted share in the second quarter of last year

For the second quarter of 2024, Clearwater Paper reported net sales of $586 million compared to net sales of $525 million for the second quarter of 2023. Clearwater Paper reported a net loss for the second quarter of 2024 of $26 million, or $1.55 per diluted share, compared to net income for the second quarter of 2023 of $30 million, or $1.75 per diluted share. Adjusted EBITDA for the second quarter of 2024 was $35 million, compared to the second quarter of 2023 Adjusted EBITDA of $71 million.

For the first six months of 2024, Clearwater Paper reported net sales of $1.1 billion, a 3% increase compared to net sales of $1 billion for the first six months of 2023. Clearwater Paper reported a net loss for the first six months of 2024 of $9 million, or $0.52 per diluted share, compared to net income for the first six months of 2023 of $54 million, or $3.15 per diluted share. Adjusted EBITDA for the first six months of 2024 was $97 million, compared to the first six months of 2023 Adjusted EBITDA of $137 million.
details at: https://ir.clearwaterpaper.com/investors/press-releases/news-details/2024/Clearwater-Paper-Reports-Second-Quarter-2024-Results/default.aspx

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