Clearwater Paper Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
CLW$13.21-0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Quarter Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per-share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $393.3 | $278.9 | $996.5 | $867.4 |
| Costs and expenses: | ||||
| Cost of sales | 363.2 | 228.3 | 935.1 | 702.6 |
| Selling, general and administrative expenses | 31.6 | 28.3 | 90.0 | 88.0 |
| Other operating charges, net | (0.3) | 1.7 | 20.3 | 1.1 |
| Total operating costs and expenses | 394.5 | 258.2 | 1,045.4 | 791.7 |
| Income (loss) from continuing operations | (1.2) | 20.7 | (48.9) | 75.7 |
| Interest expense, net | (13.1) | (2.2) | (24.0) | (7.9) |
| Other non-operating income | 0.3 | 0.1 | 1.0 | 0.3 |
| Total non-operating expense | (12.8) | (2.1) | (22.9) | (7.6) |
| Income (loss) from continuing operations before income taxes | (14.0) | 18.6 | (71.8) | 68.1 |
| Income tax provision (benefit) | (3.3) | 3.7 | (17.4) | 16.7 |
| Income (loss) from continuing operations | (10.7) | 14.9 | (54.4) | 51.4 |
| Income from discontinued operations, net of tax | 16.6 | 21.7 | 51.6 | 38.8 |
| Net income (loss) | $5.8 | $36.6 | $(2.8) | $90.1 |
| Net income (loss) per common share: | ||||
| Income (loss) per share from continuing operations - basic | $(0.64) | $0.89 | $(3.27) | $3.06 |
| Income per share from discontinued operations - basic | 1.00 | 1.30 | 3.10 | 2.31 |
| Net income (loss) per share - basic | 0.35 | 2.19 | (0.17) | 5.37 |
| Income (loss) per share from continuing operations - diluted | (0.64) | 0.88 | (3.27) | 3.01 |
| Income per share from discontinued operations - diluted | 1.00 | 1.29 | 3.10 | 2.27 |
| Net income (loss) per share - diluted | $0.35 | $2.17 | $(0.17) | $5.29 |
| Average shares of common stock used to compute net income (loss) per share (in thousands): | ||||
| Basic | 16,620 | 16,682 | 16,629 | 16,800 |
| Diluted | 16,620 | 16,895 | 16,629 | 17,051 |
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