NYSE$CLW

Clearwater Paper Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Clearwater Paper reported a net loss of $6 million and net sales of $527 million, which is up 8% compared to Q4 2021.

Clearwater Paper Corporation reported fourth quarter 2022 financial results, which were impacted by operational and weather-related issues. Net sales increased by 8% compared to the fourth quarter of 2021, but the company experienced a net loss of $6 million. Despite the challenges in the fourth quarter, the company delivered strong performance for the full year due to robust demand for paperboard products.

  • Operational and weather-related issues impacted paperboard operations.
  • Completed planned major maintenance at the Lewiston, Idaho facility.
  • Net loss of $6 million, or $0.34 per diluted share and Adjusted EBITDA of $28 million.
  • Net sales of $527 million, up 8% compared to the fourth quarter of 2021.

Headline financials

Total Revenue

$527M

Previous: $490M+7.5%
EPS (adj)

-$0.30

Previous: $0.82-136.6%
Paperboard Avg Net Selling Price per ton

$1.43K

Previous: $1.16K+22.8%
Capital Expenditures

$13.6M

Previous: $8.5M+60.0%
Free Cash Flow

$3.8M

Previous: $23.5M-83.8%
Net Income

-$5.9M

Previous: $10M-159.0%
Operating Income

$600K

Previous: $27.6M-97.8%
Gross Profit

$35.3M

Previous: $60.7M-41.8%
Cash & Equivalents

$53.7M

Previous: $25.2M+113.1%
Total Assets

$1.7B

Previous: $1.69B+0.8%
Stock-Based Comp

$3.1M

Previous: $2.2M+40.9%

Revenue & EPS history

Clearwater Paper · Revenue · Quarterly

$527M

Q4 2022+7.5%vs Q4 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

Our focus in 2023 is on improving our operational performance while continuing to generate strong free cash flows. Our businesses have proven to be economically resilient, and we are well positioned to deliver strong results this 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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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