Tissue World Magazine
Alexandra Stuthridge, Technical Business Manager, BioProducts Institute (BPI)

Clearwater Paper has reported net earnings of $8.04m in its second quarter compared with $20.9m for the same time last year.

Net earnings for the six months ended 30 June 2017 were $15.5m compared with $39.3m the same time a year earlier.

EBITDA was $45.7m for the second quarter of 2017 compared to $62.2m a year earlier.

Linda K. Massman, president and chief executive, said: ā€œWe achieved solid second quarter results that were in line with our quarterly outlook.

ā€œThe positive impacts to the quarter included higher prices and a stronger sales mix for paperboard, which were offset by higher external pulp pricing and lower consumer product shipment volumes, as parent rolls were used to build needed inventory.ā€

Net sales in the consumer products segment were $231.9m for the second quarter of 2017, down 6.5% from $247.9m.

This decrease was due to lower parent roll sales resulting from the shutdown of two higher cost paper machines at the Neenah, Wisconsin mill at the end of 2016 and a 1.7% decrease in retail tonnes sold.

Total tissue sales volumes of 91,450 tonnes in the second quarter of 2017 decreased by 7.7% and converted product cases shipped were 12.7m, down 3.9%, each compared to the second quarter of 2016.

Average tissue net selling prices increased 1.6% to $2,533 per tonne in the second quarter of 2017, compared to the second quarter of 2016.