Clearwater Paper (CLW) Misses Q1 EPS, Sales Beat
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Clearwater Paper Reports First Quarter 2018 Results
April 19, 2018 4:05 PM EDTSPOKANE, Wash.--(BUSINESS WIRE)-- Clearwater Paper Corporation (NYSE: CLW) today reported financial results for the first quarter of 2018.
The company reported net sales of $437.0 million for the first quarter of 2018, essentially flat with net sales of $437.5 million for the first quarter of 2017. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the first quarter of 2018 were $2.6 million, or $0.16 per diluted share, compared to net earnings for the first quarter of 2017 of $7.5 million, or $0.45 per diluted share. The decrease in net earnings was due primarily to challenging industry-wide economic... More
