Clearwater Paper Corporation reported net sales of $432.1 million for the 2Q 2018, up 0.6% compared to net sales of $429.7 million for the 2Q 2017. EBITDA, were $42.4 million for the 2Q 2018, compared to $45.7 million for the 2Q 2017. Adjusted EBITDA for the quarter was $42.6 million, down 5.4% compared to 2Q 2017 Adjusted EBITDA of $45 million.

Verpackungspapier

Clearwater Paper's 2Q net sales up 0.6% to $432.1 million

Clearwater Paper Corporation reported net sales of $432.1 million for the 2Q 2018, up 0.6% compared to net sales of $429.7 million for the 2Q 2017.

Net earnings determined in accordance with generally accepted accounting principles,or GAAP, for the 2Q 2018 were $7.0 million, or $0.42 per diluted share, compared to net earnings for the 2Q 2017 of $8 million, or $0.48 per diluted share. The decrease in net earnings was due to a weaker product mix in tissue products, higher input costs for transportation, wood fiber, and external pulp and reorganization expenses, all of which were partially offset by improved price and shipment volumes for paperboard, no planned major maintenance and lower expense associated with profit dependent accruals.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $42.4 million for the 2Q 2018, compared to $45.7 million for the 2Q 2017. Adjusted EBITDA for the quarter was $42.6 million, down 5.4% compared to 2Q 2017 Adjusted EBITDA of $45 million.

“We met our expectations in the 2Q due to record paperboard production and shipments, continued strong demand for paperboard and ultra-quality tissue, and cost savings from strategic capital and operational efficiency initiatives,” said Linda K. Massman, president and CEO. “Those results were achieved in spite of a competitive tissue market, and high external pulp prices and transportation costs. For the second half of 2018, we are acutely focused on improving operating profit, generating cash, completing the expansion work at our Shelby, North Carolina facility and optimizing our network of assets to reduce costs and improve service to customers.”

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp.