Clearwater Paper reports Q4 loss, year end 2022 results

By Clearwater Paper Corporation
Business Wire
February 14, 2023
Category: Finance & Economics
Region: United States, US West

SPOKANE, Washington — Clearwater Paper reported financial results for the fourth quarter and year ended December 31, 2022. For the fourth quarter of 2022, Clearwater Paper reported net sales of $527 million, an 8% increase compared to net sales of $490 million reported in the fourth quarter of 2021. Net loss for the fourth quarter of 2022 was $6 million, compared to net income in the fourth quarter of 2021 of $10 million. …For the full year 2022, Clearwater Paper reported net sales of $2.1 billion, a 17% increase compared to net sales of $1.8 billion for 2021. Net income for the full year was $46 million, compared to a net loss for 2021 of $28 million. …“We had a very good year, with strong results,” said Arsen Kitch, CEO. “During the fourth quarter, we were impacted by operational and weather-related issues, which have been resolved.”

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