Clearwater Paper (CLW) Misses Q1 EPS by 20c
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Clearwater Paper Reports First Quarter 2017 Results
April 20, 2017 4:15 PM EDTSPOKANE, Wash.--(BUSINESS WIRE)-- Clearwater Paper Corporation (NYSE: CLW) today reported financial results for the first quarter of 2017.
The company reported net sales of $437.5 million for the first quarter of 2017, essentially flat with net sales of $437.2 million for the first quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the first quarter of 2017 were $7.5 million, or $0.45 per diluted share, compared to net earnings of $18.4 million, or $1.05 per diluted share, for the first quarter of 2016. The decrease in net earnings was due primarily to higher input... More
