Clearwater Paper Corporation reported net sales of $442.2 million for the 3Q 2015, down 13.5% compared to net sales of $511.1 million for the 3Q 2014 primarily due to the sale of the company’s specialty mills in December 2014.

Tissue Paper

Clearwater Paper 3Q net sales down 13.5% from year ago to $442.2 million

Oct 30, 2015. /Lesprom Network/. Clearwater Paper Corporation reported net sales of $442.2 million for the 3Q 2015, down 13.5% compared to net sales of $511.1 million for the 3Q 2014 primarily due to the sale of the company’s specialty mills in December 2014.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $61.3 million for the 3Q 2015. Adjusted EBITDA for the quarter was $63.2 million, down 12.1% compared to 3Q 2014 Adjusted EBITDA of $72 million.

"Clearwater Paper delivered solid 3Q results with market share gains in retail tissue, while our pulp and paperboard business remained very profitable despite some headwinds from commodity grade paperboard,” said Linda K. Massman, president and CEO. “We generated an Adjusted EBITDA margin of 14.3%, our highest since the 4Q 2010 and $1.28 of adjusted earnings per share equaled our record high set in the 3Q 2014."

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