OverviewSuggest Edit

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp. It produces bleached paperboard used by printers and packaging converters. The Company serves retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.

TypePublic
Founded2008
HQSpokane, WA, US
Websiteclearwaterpaper.com
Employee Ratings3
Overall CultureC

Latest Updates

Employees (est.) (Dec 2018)3,130(-4%)
Job Openings35
Revenue (FY, 2020)$1.9 B(+9%)
Share Price (Oct 2021)$43.4(-1%)
Cybersecurity ratingCMore
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Key People/Management at Clearwater Paper

Arsen S. Kitch

Arsen S. Kitch

President and Chief Executive Officer
Arsen Kitch

Arsen Kitch

President, Chief Executive Officer and Director
Michael Murphy

Michael Murphy

Senior Vice President, Finance and Chief Financial Officer
Michael Gadd

Michael Gadd

Senior Vice President, General Counsel and Corporate Secretary
Kari Moyes

Kari Moyes

Senior Vice President - Human Resources
Joanne Shufelt

Joanne Shufelt

Senior Vice President, General Manager - Consumer Products
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Clearwater Paper Office Locations

Clearwater Paper has an office in Spokane
Spokane, WA, US (HQ)
601 W Riverside Ave #1100
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Clearwater Paper Financials and Metrics

Clearwater Paper Revenue

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Clearwater Paper's revenue was reported to be $1.87 b in FY, 2020
USD

Revenue (Q1, 2021)

425.9m

Gross profit (Q1, 2021)

55.3m

Gross profit margin (Q1, 2021), %

13%

Net income (Q1, 2021)

12.1m

EBIT (Q1, 2021)

27.1m

Market capitalization (22-Oct-2021)

723.6m

Closing stock price (22-Oct-2021)

43.4

Cash (31-Mar-2021)

57.1m

EV

1.4b
Clearwater Paper's current market capitalization is $723.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Revenue

1.7b1.7b1.7b1.9b

Revenue growth, %

(1%)0%0%

Cost of goods sold

1.5b1.5b1.5b1.6b

Gross profit

239.1m200.8m186.2m294.2m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Cash

23.0m15.7m22.5m35.9m

Accounts Receivable

147.1m142.1m145.5m160.6m

Inventories

258.0m266.0m266.2m263.3m

Current Assets

446.5m452.8m443.9m474.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Net Income

49.6m97.3m(143.8m)77.1m

Depreciation and Amortization

91.1m105.0m102.0m

Inventories

18.1m

Accounts Payable

(16.5m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

18.4m39.3m40.2m49.6m7.5m15.6m16.4m97.3m2.6m9.6m44.0m(143.8m)3.8m3.4m(7.6m)(5.6m)10.3m33.1m54.5m12.1m

Depreciation and Amortization

21.2m43.2m65.9m91.1m27.6m53.6m79.5m105.0m25.2m50.3m75.7m102.0m25.8m54.4m86.3m115.6m28.0m55.8m83.5m26.8m

Inventories

(21.2m)40.9m46.1m(29.7m)

Accounts Payable

(28.5m)(13.0m)(24.6m)(16.2m)(6.2m)
USDQ1, 2016

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

3.2 x
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Clearwater Paper Operating Metrics

FY, 2016FY, 2017FY, 2018

Pulp Production Capacity Yearly, tons

857 k908 k904 k

Pulp Produced, tons

802 k807 k838 k

Utilization Rate

83%83%81%
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Clearwater Paper Acquisitions / Subsidiaries

Company NameDateDeal Size
Manchester Industries Inc. of VirginiaDecember 19, 2016$68 m
Cellu Tissue CityForest, LLC
Cellu Tissue Corporation–Natural Dam
Cellu Tissue Corporation–Neenah
Cellu Tissue Corporation–Oklahoma City
Cellu Tissue Holdings, Inc.
Cellu Tissue LLC
Cellu Tissue–Long Island, LLC
Cellu Tissue–Thomaston, LLC
Clearwater Fiber
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Clearwater Paper Revenue Breakdown

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Clearwater Paper revenue breakdown by business segment: 51.3% from Consumer Products and 48.7% from Pulp and Paperboard

Clearwater Paper Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

Clearwater Paper Online and Social Media Presence

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Clearwater Paper Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    F

    50/100

  • Compensation

    A+

    89/100

Learn more on Comparably

Clearwater Paper News and Updates

Clearwater Paper to lay off 290 employees with closure of Wisconsin facility

Clearwater Paper Corp. said Tuesday that 290 employees will be affected by its plan for the "indefinite closure" of its paper production facility in Neenah, Wisconsin. The closure will remove total paper production capacity of about 54,000 tons. The facility, which was acquired in 2010, includes th…

Food Biodegradable Packaging 2020 Global Market Key Players – Georgia-Pacific, Novamont, Smurfit Kappa, Clearwater Paper, Kruger – Analysis and Forecast to 2026

WiseGuyRerports.com Presents “Global Food Biodegradable Packaging Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

B. Riley FBR Acts as Financial Advisor to Clearwater Paper Corporation in Sale of Ladysmith, Wisconsin Facility to Dunn Paper, Inc.

LOS ANGELES, Sept. 19, 2018 (GLOBE NEWSWIRE) -- B. Riley FBR, Inc., a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., acted as the financial advisor to Clearwater Paper Corporation in the sale of its Ladysmith, Wisconsin facility to Dunn Paper, Inc., a…

Clearwater Paper Frequently Asked Questions

  • When was Clearwater Paper founded?

    Clearwater Paper was founded in 2008.

  • Who are Clearwater Paper key executives?

    Clearwater Paper's key executives are Arsen S. Kitch, Arsen Kitch and Michael Murphy.

  • How many employees does Clearwater Paper have?

    Clearwater Paper has 3,130 employees.

  • What is Clearwater Paper revenue?

    Latest Clearwater Paper annual revenue is $1.9 b.

  • What is Clearwater Paper revenue per employee?

    Latest Clearwater Paper revenue per employee is $597 k.

  • Who are Clearwater Paper competitors?

    Competitors of Clearwater Paper include Procter & Gamble, Wausau Paper and Kimberly-Clark.

  • Where is Clearwater Paper headquarters?

    Clearwater Paper headquarters is located at 601 W Riverside Ave #1100, Spokane.

  • Where are Clearwater Paper offices?

    Clearwater Paper has an office in Spokane.

  • How many offices does Clearwater Paper have?

    Clearwater Paper has 1 office.