Quantcast
Home / IBR Headlines / Clearwater Paper reports solid fourth quarter

Clearwater Paper reports solid fourth quarter

Lewiston wood and paper products maker Clearwater Paper Corp. on Feb. 18 reported net earnings of $47.2 million, or $4.01 per diluted common share, for the Dec. 31 quarter compared to $1.7 million, or 15 cents per share, in the fourth quarter of 2008.

Excluding $47.1 million of pre-tax income from alternative fuel mixture tax credits, earnings for the fourth quarter of 2009 were $17.4 million or $1.48 per diluted common share.

“Results for the fourth quarter were once again very strong, driven primarily by our Consumer Products business and continued solid performance in our Pulp and Paperboard segment,” President and CEO Gordon Jones said in a release. “We are also moving forward with the expansion of our tissue business, by building additional converting capacity on the East Coast.”

Spokane-based Clearwater Paper said that as part of its growth strategy, the company plans to invest in the Consumer Products business to expand its geographic scope to serve existing and new customers on the East Coast and increase capacity to produce ultra-quality tissue. The first phase of this growth will be construction of a new converting facility in the Southeast, expected to run both conventional and TAD paper, Clearwater said. The East Coast converting facility is expected to be completed in the second quarter of 2011 for about $30 million.

Consumer Products posted higher operating income and net sales in the fourth quarter of 2009. Pulp and Paperboard also reported gains. Wood Products reported a loss that was lower than losses in previous and year-earlier quarters.

The recent quarter is the fourth during which Clearwater reported as a standalone company. It was spun off from Spokane-based Potlatch Corp. in December 2008. Potlatch is a major owner and manager of timberlands in Idaho.


About IBR Staff

54 comments

  1. Pingback: Stair Lifts

  2. Pingback: Mauritius Villas

  3. Pingback: Whole Life Insurance Rates

  4. Pingback: Location Vacances Ile Maurice

  5. Pingback: Online Dating Sites

  6. Pingback: roofing services houston

  7. Pingback: roofer los angeles

  8. Pingback: roofing contractor los angeles

  9. Pingback: slingback high heels

  10. Pingback: travel montserrat

  11. Pingback: kansas city roofing

  12. Pingback: cheap holidays

  13. Pingback: how to build a list of subscribers

  14. Pingback: Associate Degrees Online

  15. Pingback: online travel discounts

  16. Pingback: benidorm hotels

  17. Pingback: make money online from home

  18. Pingback: direct loan consolidation

  19. Pingback: Wooden Doghouse

  20. Pingback: stretch marks removal cream

  21. Pingback: Paralegal Courses

  22. Pingback: Wedding Planning Guide

  23. Pingback: roofer los angeles

  24. Pingback: Mauritius Villas

  25. Pingback: Acai Berry Scam

  26. Pingback: Villas in Mauritius

  27. Pingback: Zune phone

  28. Pingback: Fly Agaric

  29. Pingback: Location Villa Ile Maurice

  30. Pingback: Organic search engine optimization

  31. Pingback: Air Conditioning Filters

  32. Pingback: vacuumcleaners

  33. Pingback: Gold Parties

  34. Pingback: Acne Skin Care Product Reviews

  35. Pingback: Herbal Incense

  36. Pingback: Waterkettle

  37. Pingback: Water kettles

  38. Pingback: Drug Rehab

  39. Pingback: The Hairloss Treatment

  40. Pingback: natural hair color

  41. Pingback: microwave ovens tips

  42. Pingback: Spine Institution

  43. Pingback: Wedding Gift Suggestions

  44. Pingback: poly mva

  45. Pingback: Sweaters On Sale

  46. Pingback: Black Friday

  47. Pingback: Fathers Day Gifts

  48. Pingback: Toasty Redhead

  49. Pingback: Check out my FB profile

  50. Pingback: Link Building Services