Jul 31, 2009. /Lesprom Network/. Clearwater Paper Corp. reported financial results for the second quarter ended June 30, 2009, according to PaperAge magazine. The company reported net earnings for the second quarter of 2009 of $75.4 million, or $6.43 per diluted common share, compared to net earnings of $5.0 million, or $0.44 per diluted common share, for the second quarter of 2008. Net earnings for the second quarter of 2009, excluding income from alternative fuel mixture tax credits, tax benefits from renewable energy tax credits and a reduction in the valuation allowance related to state investment tax credits, and debt retirement costs, were $17.9 million, or $1.52 per diluted common share. “Our results for the second quarter were very strong, driven by our excellent performance in our Consumer Products segment and improved results in Pulp and Paperboard, plus benefits from the alternative fuel mixture tax credits and other tax benefits that the company received. We continue to expect solid performance, but results for the rest of the year might be somewhat dampened by additional promotional expense, coupled with higher pulp and other commodity costs,” said Gordon Jones, president, chief executive officer and director. Clearwater Paper manufactures premium consumer tissue, high-quality bleached paperboard and wood products at six facilities across the country. The company has 2,400 employees and is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters.