Feb 28, 2015. /Lesprom Network/. Clearwater Paper Corporation reported net sales of $472.3 million for the 4Q 2014, compared to net sales of $470.2 million for the 4Q 2013. The net loss determined in accordance with generally accepted accounting principles, or GAAP, for the 4Q 2014 was $27.2 million, compared to net earnings of $82.9 million for 4Q 2013, as the company said in the press release received by Lesprom Network. 

Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $5.8 million for the 4Q 2014. Adjusted EBITDA of $54.5 million was down 16.7% compared 4Q 2013 Adjusted EBITDA of $65.4 million. The decrease in EBITDA and Adjusted EBITDA was due primarily to higher operating costs associated with fiber, transportation, energy and maintenance, more than offsetting increased average prices and volumes.

"Although we had our challenges, 2014 was a great year for Clearwater Paper and we achieved record revenues of $2 billion and generated a record level of Adjusted EBITDA totaling $239 million," said Linda K. Massman, president and CEO. "Our pulp and paperboard division set new records both operationally and financially, and with our Shelby facility fully operational, we shipped a record volume of TAD products."

"We also took difficult but important steps to improve efficiency in our core consumer products business by divesting our specialty mills and closing our Long Island converting and distribution facility earlier in the year," said Massman. "For 2015, our team remains focused on implementing efficiencies in every part of our business to improve EBITDA margin and exceed the requirements of our customers."

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