Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase Authorization

“We delivered a strong third quarter, even as we dealt with the impact of Hurricane Helene at our Augusta, Georgia and Shelby, North Carolina facilities,” said Arsen Kitch, president and CEO. “We are also pleased that we closed on the sale of our tissue business and are now well positioned to execute on our strategy of building a premier paperboard company that is focused on servicing independent converters in North America.”

Clearwater Paper’s Board of Directors has approved a new $100 million share repurchase authorization, allowing the Company to opportunistically repurchase shares in addition to offsetting the dilution from employee share grants. This authorization replaces the Company’s previous authorization. The timing and amount of any repurchases of common stock will be solely at the discretion of the Company and is subject to general business and market conditions, as well as other factors.
details at: https://s24.q4cdn.com/913789668/files/doc_financials/2024/q3/CLW-2024-9-30-8K-Exhibit-99-1-10.pdf

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