NYSE$CLW
Clearwater Paper Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Achieved strong results due to elevated demand for tissue products, steady demand for paperboard, and solid operational execution.
Clearwater Paper reported net sales of $457 million, a 3% increase compared to the third quarter of 2019. Net income was $21 million, or $1.28 per diluted share, compared to a net loss of $11 million, or $0.66 per diluted share, for the third quarter of 2019. Adjusted EBITDA for the quarter was $77 million, compared to $32 million in the third quarter of 2019.
- Delivered strong performance due to elevated demand for tissue products, steady demand for paperboard, and solid operational execution
- Net income of $21 million, or $1.28 per diluted share and Adjusted EBITDA of $77 million
- Net debt reduction of over $40 million
- Refinanced 2023 notes with new 2028 notes
Headline financials
Revenue & EPS history
Clearwater Paper · Revenue · Quarterly
$457M
Forward guidance
For the fourth quarter, the primary focus will remain on the health and safety of employees while continuing to operate facilities and service customers. Demand for tissue products is expected to soften relative to the third quarter of 2020 as retail in-stock conditions and inventories have improved.
Headwinds
- Demand for tissue products is expected to soften relative to the third quarter of 2020
- Retail in-stock conditions and inventories have improved
- Closely monitoring economic conditions
- Assessing the impact on our business for the balance of the year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-2.7%
Avg return
Earnings day
-4.4%
Avg return
5 days after
-4.0%
Avg return
30 days after
39%
26 / 66 earnings
Positive
+24.1%
Q1 2022
Best reaction
-33.5%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.5% | -14.3% | +9.8% | |
| Q4 2025 | -8.6% | -15.1% | -26.6% | |
| Q3 2025 | -8.5% | -6.2% | -5.8% | |
| Q2 2025 | -18.4% | -24.9% | -26.7% | |
| Q1 2025 | +7.4% | +4.0% | +15.1% | |
| Q4 2024 | -8.4% | -3.9% | -17.6% | |
| Q3 2024 | +8.3% | +4.8% | +5.0% | |
| Q2 2024 | -23.3% | -34.5% | -39.1% | |
| Q1 2024 | +12.0% | +12.4% | +30.3% | |
| Q4 2023 | +3.4% | +7.5% | +21.7% | |
| Q3 2023 | -2.1% | +3.1% | +1.2% | |
| Q2 2023 | +14.8% | +10.9% | +18.8% | |
| Q1 2023 | -15.9% | -12.2% | -18.7% | |
| Q4 2022 | -0.2% | -1.0% | -10.8% | |
| Q3 2022 | -15.1% | -10.4% | -10.4% | |
| Q2 2022 | +15.3% | +20.1% | +18.4% | |
| Q1 2022 | +24.1% | +20.8% | +28.6% | |
| Q4 2021 | -12.7% | -7.4% | -6.0% | |
| Q3 2021 | +0.4% | -6.5% | +0.5% | |
| Q2 2021 | +2.1% | +8.4% | +18.5% | |
| Q1 2021 | -10.0% | -14.0% | -16.4% | |
| Q4 2020 | -18.7% | -15.1% | -11.4% | |
| Q3 2020 | -12.2% | -13.2% | -8.0% | |
| Q2 2020 | +2.5% | -4.7% | -14.1% | |
| Q1 2020 | +21.2% | +21.5% | +36.5% | |
| Q4 2019 | +10.2% | +11.2% | -18.5% | |
| Q3 2019 | +2.2% | -0.4% | +6.1% | |
| Q2 2019 | -13.9% | -0.3% | -18.5% | |
| Q1 2019 | -10.7% | -3.7% | -20.1% | |
| Q4 2018 | -16.0% | -17.0% | -25.4% | |
| Q3 2018 | -6.6% | -6.3% | -0.9% | |
| Q2 2018 | +11.9% | +14.8% | +28.5% | |
| Q1 2018 | -33.5% | -40.3% | -35.8% | |
| Q4 2017 | -25.1% | -23.0% | -13.8% | |
| Q3 2017 | +3.2% | +4.5% | +4.0% | |
| Q2 2017 | -9.2% | -9.0% | -6.6% | |
| Q1 2017 | -13.4% | -12.6% | -18.8% | |
| Q4 2016 | -6.7% | -3.9% | -17.3% | |
| Q3 2016 | -14.7% | -15.3% | -3.7% | |
| Q2 2016 | -7.1% | -5.4% | -11.0% | |
| Q1 2016 | +10.1% | — | — | |
| Q4 2015 | -5.9% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | +10.2% | — | — | |
| Q1 2015 | +1.8% | — | — | |
| Q4 2014 | -17.4% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | +12.0% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | +9.6% | — | — | |
| Q3 2013 | +8.3% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -8.6% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -6.6% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q1 2012 | +7.2% | — | — | |
| Q4 2009 | -0.4% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q2 2010 | -5.2% | — | — | |
| Q4 2010 | -5.2% | — | — | |
| Q2 2011 | -5.2% | — | — |
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