公司业务概况 - 公司有两个业务部门：Pulp and Paperboard 和 Consumer Products。过去三年这两个部门的销售额分别为1136.3百万美元、946.0百万美元、877.1百万美元和950.2百万美元、835.0百万美元、1018.5百万美元[11] - Pulp and Paperboard 部门是包装行业高端领域的漂白纸板制造商，是固体漂白硫酸盐（SBS）纸板的领先生产商，2022年占据了美国16%的漂白纸板生产能力[12] - SBS纸板是一种优质纸板品级，主要用于生产折叠纸箱、液体包装、杯子和盘子等产品[12] - 公司的液体包装纸板以其清洁度和印刷质量而闻名，由三层软木构成，具有长期性能[16] - 公司专注于高端折叠纸箱领域，提供优质印刷表面，用于制药品、化妆品和其他高端零售商品的包装[15] - 公司不生产转换后的纸板成品，主要通过销售经理向北美包装转换商销售纸板，竞争优势在于产品质量、客户服务和价格[23] - Consumer Products 部门销售和生产全系列家用纸品，主要包括浴室纸、纸巾、面巾纸和餐巾纸等产品[24] 公司战略和价值观 - 公司致力于减少温室气体排放，承诺2030年将减少范围1和范围2的温室气体排放30%，范围3的温室气体排放25%[36] - 公司的核心价值观包括承诺、协作、沟通、勇气和品格，致力于保护、发展和支持员工、客户和社区[41] 公司风险因素 - 北美市场私人标签纸巾供应量增加，可能导致价格和利润率下降[48] - 循环行业条件可能对纸浆和纸板业务的运营结果和现金流产生不利影响[49] - 竞争对手拥有更大的财务资源和成本优势，可能对公司造成竞争压力[73] - 公司的前十大客户占销售额的48%，如果失去任何一个客户或业务的大部分，将对公司的业绩和财务状况造成伤害[52] - 公司对外部供应商的依赖性较高，可能面临原材料供应中断的风险[69] - 木浆和木纤维价格波动可能对公司的业务和运营结果产生重大影响[58] - 公司的运输服务受到天气条件、劳动力短缺等因素的影响，可能导致产品交付延迟或中断[63] - 公司的能源成本波动可能显著影响运营成本和现金流[67] - 公司的制造设备和设施需要定期维护，任何操作中断可能影响运营表现[55] - 公司面临来自竞争对手品牌产品和私人标签产品的竞争压力，可能影响公司的财务状况[72] - 公司面临来自超市、俱乐部店、批发商、药店等传统零售渠道以及直销和互联网销售商的激烈竞争[80] - 纸板和转换行业的整合可能对公司的业务产生不利影响[81] - 公司的员工工会协议可能面临谈判困难，导致罢工、停工等劳资纠纷[82] - 公司信息技术系统的故障可能对生产和销售运营产生重大不利影响[83] - 公司面临网络、系统、应用和数据遭受网络攻击的风险[85] - 公司可能面临环境法规和环境合规支出增加的风险[86] - 公司需遵守环境法律和许可条件，违规可能导致罚款、制裁等后果[90] - 公司可能面临气候变化风险，如极端天气事件可能导致生产中断和成本增加[93] - 公司可能受到疾病爆发等公共卫生事件的需求、供应和运营挑战[95] - 公司可能需要支付多雇主养老金计划下的大额款项，可能面临潜在责任[97] - 公司的养老金和医疗保健成本受多种因素影响，可能导致这些成本发生变化[111] - 公司的健康保健成本随着健康保健成本的变化而变化，这些成本在许多年来显著超过一般经济通胀率[112] - 公司的养老金成本取决于实际计划经验和对未来投资回报的假设[112] - 公司的大量债务可能对财务状况产生重大不利影响，并影响未来融资和应对业务变化的能力[114] - 公司的大量债务可能导致难以履行债务义务，增加对不利经济和行业条件的脆弱性[116] - 公司可能会进一步增加重大额外债务，增加与大量债务相关的风险[117] - 公司的供应链融资和银行安排存在风险，可能导致财务损失[118] - 公司的债务水平可能导致现金流不足，需要采取其他措施来满足债务义务[122] - 公司的信用协议包含各种限制条款，限制了公司在经营业务方面的自由裁量权[126] - 公司的资产和现金流可能不足以完全偿还债务，可能无法重新融资或重组适用债务[133] 公司财务表现 - 公司2022年净销售额达21亿美元，较2021年增长17.3%[164] - 2022年净利润为4600万美元，每股摊薄收益为2.68美元，较2021年净亏损28.1万美元，每股摊薄亏损1.67美元有显著改善[164] - 2022年调整后的EBITDA为2.269亿美元，

Clearwater Paper Corporation (NYSE:CLW) Q3 2022 Earnings Conference Call October 31, 2022 5:00 PM ET Company Participants Sloan Bohlen - IR Arsen Kitch - President and CEO Michael Murphy - CFO Conference Call Participants Adam Josephson - KeyBanc Capital Markets Paul Quinn - RBC Capital Markets Mark Wilde - BMO Capital Markets Operator Good afternoon. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Clearwater Paper Third Quarter 2022 Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-34146 CLEARWATER PAPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 20-3594554 (State or oth ...

Clearwater Paper Corporation (NYSE:CLW) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Sloan Bohlen - Investor Relations Arsen Kitch - President and Chief Executive Officer Mike Murphy - Chief Financial Officer Conference Call Participants Adam Josephson - KeyBanc Capital Markets Mark Wilde - BMO Capital Markets Paul Quinn - RBC Capital Markets Operator Good day, and thank you for standing by. Welcome to the Clearwater Paper 2Q '22 Earnings Call. [Operator Instructions] I wi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-34146 CLEARWATER PAPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 20-3594554 (State or other ju ...

Clearwater Paper Corporation (NYSE:CLW) Q1 2022 Earnings Conference Call April 28, 2022 5:00 PM ET Company Participants Sloan Bohlen - Investor Relations Arsen Kitch - President and Chief Executive Officer Mike Murphy - Chief Financial Officer Conference Call Participants Adam Josephson - KeyBanc Capital Markets Mark Wilde - BMO Capital Markets Paul Quinn - RBC Capital Markets Operator Good day. My name is Emma and I will be your conference operator today. At this time, I would like to welcome everyone to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-34146 CLEARWATER PAPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 20-3594554 (State or other j ...

Clearwater Paper Corporation (NYSE:CLW) Q4 2021 Earnings Conference Call February 15, 2022 5:00 PM ET Company Participants Sloan Bohlen – Investor Relations Arsen Kitch – President and Chief Executive Officer Mike Murphy – Chief Financial Officer Conference Call Participants Mark Wilde – BMO Capital Markets Adam Josephson – KeyBanc Paul Quinn – RBC Capital Markets Operator Good afternoon. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cle ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34146 | --- | --- | |---------------------------------------------------------------------------------------|----------------------- ...

Clearwater Paper Corporation (NYSE:CLW) Q3 2021 Earnings Conference Call November 2, 2021 5:00 PM ET Company Participants Sloan Bohlen - Investor Relations Arsen Kitch - President and Chief Executive Officer Mike Murphy - Chief Financial Officer Conference Call Participants Adam Josephson - KeyBanc Mark Wilde - BMO Capital Markets Paul Quinn - RBC Capital Markets Adam Josephson - KeyBanc Operator Ladies and gentlemen, thank you for standing by and welcome to the Clearwater Paper Third Quarter 2021 Earnings ...