GPK - Clearwater Paper: An Impressive Transformation At A Solid Price
2024-07-23 10:52:04 ET
Summary
- Clearwater Paper Corporation has focused on its paperboard business earlier this year after it doubled down on these activities earlier this year.
- The company announced a >$1 billion deal to sell its tissue business to Sofidel, reducing net debt to around $300 million.
- Pro forma P&L suggests potential for upside in shares, with earnings power looking solid and leverage being modest.
In March, I believed that Clearwater Paper Corporation ( CLW ) was making bolt moves. The company was doubling down its focus on its paperboard business, while it announced its intention to exit the tissue business....
Clearwater Paper: An Impressive Transformation At A Solid Price