Clearwater Paper Corp. (CLW)

[Skinny Mulligan]

Wow. Bought 100 sh in May strictly on CFRA recommendation. Pretty much forgot about it. Now this tiny lot has the biggest % gain in my portfolio. Never noticed til now because the gains were never big on any given day. Now I wish I had gotten in deeper.

Funny, this board is desolate. Why isn't this company getting any hype? Guessing the small float.

[Penny Roger$]

Clearwater Paper Reports Fourth Quarter and Full Year 2011 Results

http://ih.advfn.com/p.php?pid=nmona&article=51310658&symbol=CLW

[Penny Roger$]

~ Wednesday! $CLW ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CLW ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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~ Google Finance: http://www.google.com/finance?q=CLW
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CLW#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CLW+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CLW
Finviz: http://finviz.com/quote.ashx?t=CLW
~ BusyStock: http://busystock.com/i.php?s=CLW&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CLW >>>>>>



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*If the earnings date is in error please ignore error. I do my best.

[SAE]

Clearwater Paper Names Linda Massman President and COO

Clearwater Paper Corporation (NYSE:CLW) today announced Linda K. Massman has been named president and chief operating officer, effective November 1, 2011. She continues to report to Gordon Jones, chairman and CEO.

Massman will be responsible for leading the company’s business operations, including manufacturing, sales and marketing, environmental, safety, transportation and logistics.

Massman has served Clearwater Paper as chief financial officer since the company’s spin-off from Potlatch Corporation in December 2008. Before joining Clearwater Paper, Massman was group vice president, finance and corporate planning for Albertsons and then SUPERVALU Inc. Previous positions also included finance and consulting roles at Accenture, Ralphs Grocery Company and Bank of America.

“Linda Massman has been an integral part of the company’s strategic planning process and a major contributor to the overall success of Clearwater Paper,” said Gordon Jones, chairman and CEO. “Ms. Massman’s strong background in finance, consumer retail and business strategy makes her an excellent choice for this expanded responsibility.”

“As part of her new role, Ms. Massman will oversee the completion of the integration of Cellu Tissue operations as well as the continued startup of the new Shelby facility,” added Jones. “Her significant experience will help lead the company in accomplishing our strategic goals of growing our consumer tissue business and optimizing pulp and paperboard.”

Massman earned a Bachelor of Business Administration from the University of North Dakota and an MBA from Harvard Business School. She will continue to serve as CFO until her replacement is identified, and she will continue to be based at Clearwater Paper's Spokane headquarters.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 4,000 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the company’s strategic goals. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the company’s ability to successfully implement its expansion strategies; difficulties with the integration process or the realization of the benefits expected from the company’s acquisition of Cellu Tissue; the company's ability to complete its new facilities; competition from larger producers; customers' product preferences; changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; competitive pricing pressure for the company's products; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

[SAE]

Clearwater Paper to Sell Lewiston Sawmill to Idaho Forest Group

Clearwater Paper Corporation (NYSE:CLW) today announced the company has entered into an agreement to sell its Lewiston, Idaho, sawmill to Idaho Forest Group of Coeur d'Alene, Idaho.

The transaction includes the sale of Clearwater Paper’s sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract, in the aggregate amount of approximately $30 million. As part of the transaction, the two companies have entered into a long-term residual fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper’s Lewiston pulp mill from Idaho Forest Group Mills.

“This has been a very careful and thoughtful decision for everyone at the company,” said Tom Colgrove, president of pulp and paperboard at Clearwater Paper. “We believe that this is the best possible outcome for the mill and its continued operation in the region, our company and our shareholders.”

Clearwater Paper is expected to ramp down production in the coming weeks in preparation for Idaho Forest Group to officially take possession in the fourth quarter of 2011. Clearwater Paper’s approximately 250 affected employees will receive severance and all provisions subject to the WARN Act, which includes up to 60 days’ worth of pay and benefits.

“We believe the tough times in the lumber industry will continue into the foreseeable future, and that the mill will be operated by a company whose core focus is lumber,” said Colgrove. “We believe IFG has the people, resources and the business structure to make the Lewiston sawmill very successful.”

Upon closing of the transaction, Idaho Forest Group plans to adjust production to meet its customer needs. At the same time, Idaho Forest Group will begin assessing employment needs and should initiate the hiring process soon after the close of the transaction. Longer term, Idaho Forest Group will assess the mill’s capabilities and prepare an improvement plan for implementation.

“We are very excited about the prospects of updating and revitalizing the Lewiston sawmill,” said Scott Atkison, president of Idaho Forest Group. “The mill and its location in the LC Valley and surrounding wood basket give us the ability to better supply our customers with the products they need, both now and into the future.”

Clearwater Paper is working closely with the Idaho Department of Labor and the Governor’s Dislocated Workers Task Force to assist employees.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard and pulp 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 4,000 employees build shareholder value by developing strong customer partnerships through quality and service.

ABOUT IDAHO FOREST GROUP

September of 2008 saw the merging of Riley Creek Lumber and Bennett Forest Industries, and the beginning of Idaho Forest Group. Both longtime family-owned and operated companies, the two businesses shared common traits that fostered a successful merger, including like commitments to serving customers and employees, investing in facilities, and embracing the forest products heritage. Today, the success of this merger is evidenced by a growth in capacity and a strengthened focus on the business fundamentals. This announcement today adds another operation to Idaho Forest Group’s family of sawmills that focus on superior quality products from resources of the Inland Northwest.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the aggregate amount of the transaction, the supply of wood fiber to Clearwater Paper, the future operation of the sawmill and its future benefits to Clearwater Paper, the expected closing of the transaction, the cessation of production at the sawmill by Clearwater Paper and the lumber market. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties arising from the possibility that the closing of the transaction may be delayed or may not occur; difficulties with the realization of the benefits expected from the proposed transaction; general economic conditions in the regions and industries in which Clearwater Paper and Idaho Forest Group operate; changes in the cost and availability of wood fiber used in the production of Clearwater Paper's products; changes in the United States and international economies; cyclical industry conditions; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com and for Idaho Forest Group at http://www.idahoforestgroup.com/

[SAE]

Clearwater Paper Completes Sale of Lewiston Sawmill

Clearwater Paper Corporation (NYSE:CLW) announced today that it has completed the sale of its Lewiston, Idaho, sawmill to Idaho Forest Group of Coeur d'Alene, Idaho.

The transaction included the sale of Clearwater Paper's sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract, in the aggregate amount of approximately $30 million. As part of the transaction, the two companies have entered into a long-term residual fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper's Lewiston pulp mill from Idaho Forest Group mills.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard and pulp at 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the aggregate amount of the transaction and the supply of wood fiber to Clearwater Paper. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, difficulties with the realization of the benefits expected from the proposed transaction; general economic conditions in the regions and industries in which Clearwater Paper and Idaho Forest Group operate; changes in the cost and availability of wood fiber used in the production of Clearwater Paper's products; changes in the United States and international economies; cyclical industry conditions; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com


http://ih.advfn.com/p.php?pid=nmona&article=50203529&symbol=CLW

[SAE]

Clearwater Paper Reports Second Quarter 2011 Results

Today : Thursday 28 July 2011
Clearwater Paper Corporation (NYSE:CLW) today reported financial results for the second quarter of 2011.

The company reported net earnings of $13.9 million, or $1.17 per diluted share, for the second quarter of 2011, compared to net earnings of $20.6 million, or $1.75 per diluted share, for the second quarter of 2010. The second quarter 2011 earnings before interest, taxes, depreciation and amortization, or EBITDA, was $52.4 million, compared to $49.2 million in the second quarter of 2010. EBITDA in the second quarter of 2011 includes $9.1 million of Cellu Tissue integration-related expenses and tissue expansion costs related to Shelby.

Clearwater Paper acquired Cellu Tissue Holdings, Inc. on December 27, 2010. The second quarter of 2011 includes Cellu Tissue’s results, which is the primary reason for many of the variances on a year-over-year basis.

“Second quarter results were solid after considering the significant cost pressures for many of our inputs,” said Gordon Jones, chairman, president and chief executive officer. “We continue to make good progress on integrating Cellu Tissue and on increasing the value we expect this acquisition to bring to Clearwater Paper. As a result, we are pleased to increase our estimated net annual synergies from $15-$20 million to $35-$40 million, expected to be achieved by the end of 2012.

“Additionally, we recently celebrated the grand opening of our converting and distribution facility at Shelby, North Carolina, with the start-up of the first two converting lines,” added Jones.

The company also separately announced today a 2-for-1 stock split in the form of a stock dividend and the Board of Director’s approval of a $30 million stock repurchase program.

SECOND QUARTER 2011 SEGMENT PERFORMANCE

Consumer Products

Net sales in the Consumer Products segment were $269.1 million for the second quarter of 2011, as compared to second quarter 2010 net sales of $145.4 million. The increase in net sales was primarily attributable to the inclusion of Cellu Tissue's operating results for the full quarter. Operating income for the second quarter of 2011 was $6.9 million, compared with operating income of $25.6 million for the second quarter of 2010. The decrease in operating income was primarily the result of increased operating costs, including $9.1 million of integration-related expenses and Shelby expansion costs, as well as $1.1 million in depreciation and amortization expense associated with acquisition accounting.

Tissue volume increased to 128,762 tons in the second quarter of 2011, as compared to 55,486 tons in the second quarter of 2010, with the increase primarily attributable to the addition of Cellu Tissue volumes. Including Cellu Tissue in our second quarter 2010 results would have resulted in pro forma volume of 138,065 tons. The decrease in pro forma tons sold by the combined company was primarily due to converting more parent rolls into finished cases, which results in a yield loss associated with the process of manufacturing finished cases.
Net selling prices decreased to $2,088 per ton in the second quarter of 2011 versus $2,620 in the second quarter of 2010, due primarily to the inclusion of Cellu Tissue products in the total product mix for the 2011 period. Cellu Tissue’s operations had a broader range of products and tissue grades than the legacy Clearwater Paper facilities. On a pro forma basis, net selling prices were $2,026 in the second quarter of 2010.
Operating costs were comparatively higher in all categories as a result of the inclusion of Cellu Tissue’s operations in our results. Cost increases that had the biggest impact on the decline in operating income were salaries and wages associated with our Shelby expansion, relocation and severance costs associated with the acquisition of Cellu Tissue and retroactive pay related to labor contracts. In addition, we saw higher costs in packaging supplies, transportation due to higher oil prices, pulp, depreciation and amortization due to acquisition accounting and additional repair and maintenance expense associated with the Cellu Tissue facilities.
Pulp and Paperboard

Net sales of $225.5 million for the second quarter of 2011 were up 13.6%, compared to second quarter 2010 net sales of $198.5 million. Operating income for the quarter rose to $34.5 million, compared to $22.7 million for the second quarter of 2010.

Higher net sales for the quarter were driven by a 10.4% increase in paperboard pricing and a 7.3% increase in paperboard volumes to 201,991 tons, compared to the second quarter of 2010.
The increase in net sales was partially offset by an 8.4% decline in external pulp pricing to $718 per ton and a 16.3% decline in external pulp volumes to 11,140 tons, largely due to increased internal consumption of pulp.
No major maintenance expense was included in either second quarter 2011 or 2010.
Taxes

The actual income tax rate for the second quarter of 2011 was 38.3%, compared to an actual rate of 38.0% for the second quarter of 2010. The estimated annual effective tax rate for 2011, without discrete items, is expected to be approximately 35.2%.

Note Regarding Use of Non-GAAP Financial Measure

In this press release, the company presents its results for the second quarter of 2011 and 2010, including EBITDA. The EBITDA amounts are not in accordance with generally accepted accounting principles (GAAP) and accordingly a reconciliation of EBITDA to net earnings determined in accordance with GAAP is included at the end of this press release.

CONFERENCE CALL INFORMATION

A live audio webcast and conference call will be held today, Thursday, July 28, 2011 at 8 a.m. Pacific time (11 a.m. Eastern time). Investors may access the conference call by dialing 877-303-9241 (for U.S./Canada investors) or 760-666-3575 (for international investors). The audio webcast may be accessed on the company's website at http://ir.clearwaterpaper.com/events.cfm. An accompanying presentation including supplemental information will be available for downloading at the same site at 7 a.m. Pacific time (10:00 a.m. Eastern time). The webcast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through the Clearwater Paper Corporation website www.clearwaterpaper.com under "Investor Relations" following the conference call.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, which include grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's more than 4,000 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the integration of Cellu Tissue, our estimated net annual synergies relating to the acquisition of Cellu Tissue, the stock split, the stock repurchase program, expected results and the company’s estimated tax rate. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, fluctuations and volatility in the company’s stock price; risks and uncertainties arising from difficulties with the integration process or the realization of the benefits expected from the acquisition of Cellu Tissue; the company's ability to complete its new facilities; customers' product preferences; market acceptance of product price increases and competitive pricing pressure for the company's products; changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large customer; changes in the Alternative Fuel Mixture Tax Credit or Cellulosic Biofuel Producer Credit regulations and the company's eligibility for such tax credits; changes in transportation costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.



Clearwater Paper Corporation
Condensed Consolidated Statements of Operations
Unaudited (Dollars in thousands - except per-share amounts)...


http://ih.advfn.com/p.php?pid=nmona&article=48602754

[SAE]

Clearwater Paper Board of Directors Announces 2-for-1 Stock Split and Stock Repurchase Program
Today : Thursday 28 July 2011

Clearwater Paper Corporation (NYSE:CLW) today announced that its Board of Directors has declared a 2-for-1 split of its common stock. The split will be effected in the form of a stock dividend payable on August 26, 2011, to shareholders of record on August 12, 2011. Shareholders will receive one additional share for each share of common stock held on the record date.

As of today, there are approximately 11,519,260 shares of the company's common stock outstanding. Immediately following the distribution of the stock dividend, there will be approximately 23,038,520 shares of the company's common stock outstanding.

"The Board's action conveys its confidence in the long-term prospects for Clearwater Paper and is a recognition of the significant appreciation in the company’s stock price since our spinoff," said Gordon L. Jones, chairman, president and chief executive officer. "Additionally, we hope the stock split will improve the company's stock liquidity."

Clearwater Paper also announced today that its Board of Directors has authorized the repurchase of up to $30 million of the company's common stock from time to time. Under the stock repurchase program, Clearwater Paper may repurchase shares in the open market or as otherwise may be determined by management, subject to market conditions, business opportunities, and other factors.

“We expect to use the stock repurchase program to help offset dilution from the issuance of shares under the company’s equity incentive plan and to return value to our stockholders. Our strong balance sheet gives us the flexibility to continue to execute our growth strategies while we implement the stock repurchase program,” said Jones.

The company may enter into Rule 10b5-1 plans to facilitate repurchases under the stock repurchase program. The company has no obligation to repurchase shares under this program and may suspend or terminate the program at any time. The company intends to finance any repurchases with cash on hand.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, which include grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's more than 4,000 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the long-term prospects for Clearwater Paper, improvements to the company’s stock liquidity following the stock split, the expected number of shares to be outstanding following the stock split, the dollar value of shares repurchased through the stock repurchase program, the condition of our balance sheet and the execution of our growth strategies. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, fluctuations and volatility in the company’s stock price; risks and uncertainties arising from difficulties with the integration process or the realization of the benefits expected from the acquisition of Cellu Tissue; the company's ability to complete its new facilities; customers' product preferences; market acceptance of product price increases and competitive pricing pressure for the company's products; changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large customer; changes in the Alternative Fuel Mixture Tax Credit or Cellulosic Biofuel Producer Credit regulations and the company's eligibility for such tax credits; changes in transportation costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

http://ih.advfn.com/p.php?pid=nmona&article=48602798&symbol=CLW

[SAE]

Clearwater Paper to Present at the Stephens Spring Investment Conference

Clearwater Paper Corporation (NYSE:CLW) announced today that Gordon Jones, chair, president and CEO, and Linda Massman, vice president and CFO, will be presenting at the Stephens Spring Investment Conference on Tuesday, May 24, 2011, at 8:30 AM EDT, at The New York Palace hotel in New York City. A live audio webcast of the presentation and accompanying slide materials will be accessible via Clearwater Paper's investor relations section of the company's website at ir.clearwaterpaper.com/events.cfm. An audio replay of the webcast will be available at the site for 90 days.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 14 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's more than 3,800 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

[SAE]

Clearwater Paper Selects Tissue Machine

Clearwater Paper Corporation (NYSE: CLW) today announced it has selected Metso Corporation of Helsinki, Finland, to manufacture its new Through-Air-Dried (TAD) tissue machine to be located at the company’s previously announced Shelby, North Carolina, tissue converting and distribution facility.

“We chose an industry staple, a proven supplier, a machine used by many tissue companies around the world,” said Brian Hoaglund, expansion project leader for Clearwater Paper. “Our team looked at all of the leading suppliers, but in the end we were most comfortable with Metso, due to their excellent engineering and quality end-product as well as top notch customer service.”

In June 2010, Clearwater Paper announced it would build the new through-air-dried (TAD) tissue machine and converting facility at Shelby, North Carolina. The new production and distribution capabilities of the facility will increase the company’s ultra and premium offerings to existing Southern and East Coast customers and create new opportunities to expand the company’s private label consumer tissue business to other retail grocery chains in the region.

Construction of the first phase — converting and warehouse areas of the facility — is on schedule and the company expects to begin converting production at the facility in the second half of 2011. The new Metso paper machine is expected to begin production during the second half of 2012.

The company believes that TAD technology is the most efficient and effective way to provide softness, strength, convenience and absorption in tissue products. Metso’s machine will comprise a complete tissue production line with stock preparation equipment and an Advantage ThruAir 200 TAD tissue machine including an OptiFlo II TIS multi-layer headbox, Thru-Air dryers and air system, and an Advantage WetDust dust management system. The production line will also feature Metso’s patented Advantage SoftReel-B belted reel technology. The production line will be optimized to produce ultra TAD quality tissue and towel products at high speed and efficiency.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 14 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 3,800 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding enhancement of product offerings, increased production and distribution capabilities, customer relationships, expansion of business and customer opportunities, completion of new facilities and the technology being deployed by the company. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the company's ability complete its new facilities; customers' product preferences; changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; competitive pricing pressure for the company's products; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.




http://ih.advfn.com/p.php?pid=nmona&article=47015019

[SAE]

Clearwater Paper Reports Fourth Quarter and Full Year 2010 Results

Clearwater Paper Corporation (NYSE:CLW) today reported financial results for the fourth quarter ended December 31, 2010. Net earnings for the fourth quarter of 2010, were $37.8 million, or $3.19 per diluted common share, compared to net earnings of $47.2 million, or $4.01 per diluted common share, for the fourth quarter of 2009.

Clearwater Paper acquired Cellu Tissue Holdings, Inc. on December 27, 2010. The company’s fourth quarter 2010 results included four days of Cellu Tissue’s operating results and acquisition related expenses.

Excluding $10.5 million in after-tax charges related to the Cellu Tissue acquisition and a $27.1 million benefit related to a Cellulosic Biofuel Producer Credit, fourth quarter 2010 earnings were $21.2 million or $1.79 per diluted common share. Fourth quarter 2009 results included a $29.7 million benefit, or $2.53 per diluted common share, related to the Alternative Fuel Mixture Tax Credit. Excluding the Alternative Fuel Mixture Tax Credit, fourth quarter 2009 earnings were $17.4 million, or $1.48 per diluted common share.

"We had a solid finish to a year in which we had very strong operational execution while also making significant strides on the strategic front,” said Gordon Jones, chairman, president and chief executive officer. “In the last week of the year we closed the Cellu Tissue acquisition, which significantly enhances our ability to supply existing and new customers and provides us a nationwide manufacturing footprint.”

“Throughout the year we also made great progress in the construction of our new facility in North Carolina, which will provide more premium products to our customers. We believe these accomplishments put us in a very strong competitive position for the future,” concluded Jones.

FOURTH QUARTER 2010 SEGMENT PERFORMANCE

Consumer Products

Net sales in the consumer products segment were $142.9 million for the fourth quarter of 2010, an increase of 3.3% over fourth quarter 2009 net sales of $138.3 million. Operating income for the quarter was $7.3 million, compared with operating income of $28.7 million for the fourth quarter of 2009.

The slight increase in net sales was primarily a result of the inclusion of Cellu Tissue’s operating results for the last four days of the quarter.
Volume increased by 6.6% in the fourth quarter of 2010 compared to 2009, partially offset by net selling prices that were 3.2% lower in the quarter.
Operating income for the 2010 fourth quarter was lower primarily due to significantly higher pulp costs and $6.4 million of acquisition related expenses reflected in segment results.
Pulp and Paperboard

Net sales of $222.5 million for the fourth quarter of 2010 were up 16.5% compared to fourth quarter 2009 net sales of $191.1 million. Operating income for the quarter was $33.1 million, compared to operating income of $52.9 million for the fourth quarter of 2009, which included $47.1 million pre-tax associated with the Alternative Fuel Mixture Tax Credit.

Higher net sales for the quarter were primarily the result of a 9.0% increase in paperboard pricing and a 24.8% increase in pulp prices compared to fourth quarter 2009.
Pulp shipments were up 81.2% over the 2009 fourth quarter, while paperboard shipments were flat compared to fourth quarter 2009.
Taxes

The company recorded a net benefit of $25.7 million in the fourth quarter of 2010 primarily related to the Cellulosic Biofuel Producer Credit. The effective tax rate for 2010, excluding discrete items, was approximately 33%.

Note Regarding Use of Non-GAAP Financial Measures

In this press release, the company presents its results for the fourth quarter of 2009, excluding income from the Alternative Fuel Mixture Tax Credit, and its results for the fourth quarter of 2010 excluding Cellu Tissue acquisition related expenses, Patient Protection and Affordable Care Act and the Cellulosic Biofuel Producer Credit. These amounts are not in accordance with generally accepted accounting principles (GAAP) and accordingly reconciliations of these amounts to net earnings determined in accordance with GAAP are included at the end of this press release.

CONFERENCE CALL INFORMATION

A live audio Web cast and conference call will be held today, Thursday, March 3, 2011 at 8 a.m. Pacific time (11 a.m. Eastern time). Investors may access the conference call by dialing 877-303-9241 (for U.S./Canada investors) or 760-666-3575 (for international investors). The audio Web cast may be accessed on the company’s Web site at http://ir.clearwaterpaper.com/events.cfm. An accompanying presentation will be available for downloading at the same site at 7 a.m. Pacific time (10:00 a.m. Eastern time). The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through the Clearwater Paper Corporation Web site www.clearwaterpaper.com under "Investor Relations" following the conference call.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 14 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 3,800 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding our competitive position for the future, the company's expansion and its strategies, and the acquisition of Cellu Tissue and our ability to service existing and new customers. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties arising from difficulties with the integration process or the realization of the benefits expected from the acquisition of Cellu Tissue; the company's ability to complete its new facilities; customers' product preferences; changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large customer; changes in the Alternative Fuel Mixture Tax Credit or Cellulosic Biofuel Producer Credit regulations and the company's eligibility for such tax credits; competitive pricing pressure for the company's products; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our Web site at www.clearwaterpaper.com.

Clearwater Paper Corporation
Consolidated Statements of Operations
Unaudited (Dollars in thousands - except per-share amounts)


Three Months Ended Twelve Months Ended
December 31, December 31,
2010 2009 2010 2009
Net sales $ 345,557 100 % $ 314,980 100 % $ 1,372,965 100 % $ 1,250,069 100 %
Costs and expenses:
Cost of sales 281,883 82 % 256,999 82 % 1,173,804 85 % 1,052,151 84 %
Selling, general and administrative expenses 41,270 12 % 18,470 6 % 100,394 7 % 71,125 6 %
323,153 94 % 275,469 87 % 1,274,198 93 % 1,123,276 90 %
Alternative fuel mixture tax credit - 47,137 - 170,647
Earnings before interest, debt retirement costs and income taxes
22,404 6 % 86,648 28 % 98,767 7 % 297,440 24 %
Interest expense, net 10,335 4,234 22,571 15,505
Debt retirement costs - - - 6,250
Earnings before income taxes 12,069 3 % 82,414 26 % 76,196 6 % 275,685 22 %
Income tax provision (benefit) (25,717 ) 35,254 2,396 93,221
Net earnings $ 37,786 11 % $ 47,160 15 % $ 73,800 5 % $ 182,464 15 %
Net earnings per common share:
Basic $ 3.29 $ 4.15 $ 6.43 $ 16.06
Diluted 3.19 4.01 6.24 15.50
Average shares outstanding (in thousands):
Basic 11,479 11,365 11,474 11,360
Diluted 11,846 11,758 11,835 11,770



Clearwater Paper Corporation
Condensed Consolidated Balance Sheets
Unaudited (Dollars in thousands)


December 31, December 31,
2010 2009
Assets
Current assets:
Cash $ 18,928 $ 2,824
Restricted cash 3,637 -
Short-term investments 126,095 187,926
Receivables, net 153,335 94,458
Taxes receivable 10,354 101,343
Inventories 228,321 169,761
Deferred tax assets 37,374 12,926
Prepaid expenses 11,415 3,053
Total current assets 589,459 572,291

Property, plant and equipment, net 654,456 364,024
Goodwill 229,533 -
Intangible assets 56,400 -
Other assets 15,488 11,148

$ 1,545,336 $ 947,463

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued liabilities $ 184,604 $ 109,775
Current portion of long-term debt 760 -
Current liability for pensions and other postretirement employee benefits 9,749 9,933
Total current liabilities 195,113 119,708

Long-term debt 538,314 148,285
Liability for pensions and other postretirement employee benefits 187,116 236,422
Other long-term obligations 23,369 5,825
Accrued taxes 72,011 73,487
Deferred taxes 61,064 -
Accumulated other comprehensive loss (98,352 ) (126,962 )
Stockholders' equity excluding accumulated other comprehensive loss 566,701 490,698

$ 1,545,336 $ 947,463



Clearwater Paper Corporation
Segment Information
Unaudited (Dollars in thousands)

Three Months Ended Twelve Months Ended
December 31, December 31,
2010 2009 2010 2009
Segment net sales:
Consumer Products $ 142,930 41 % $ 138,342 44 % $ 570,129 42 % $ 554,034 44 %
Pulp and Paperboard 222,513 64 % 191,072 61 % 879,889 64 % 749,544 60 %
365,443 329,414 1,450,018 1,303,578
Elimination of intersegment net sales (19,886 ) -6 % (14,434 ) -5 % (77,053 ) -6 % (53,509 ) -4 %
Total net sales $ 345,557 100 % $ 314,980 100 % $ 1,372,965 100 % $ 1,250,069 100 %

Operating income:
Consumer Products $ 7,263 32 % $ 28,719 33 % $ 63,749 65 % $ 122,117 41 %
Pulp and Paperboard (1) 33,060 148 % 52,945 61 % 81,911 83 % 191,894 65 %
40,323 81,664 145,660 314,011
Corporate and eliminations (17,919 ) -80 % 4,984 6 % (46,893 ) -47 % (16,571 ) -6 %
Earnings before interest, debt retirement costs and income taxes
$ 22,404 100 % $ 86,648 100 % $ 98,767 100 % $ 297,440 100 %

(1) Operating income for the three and twelve months ended December 31, 2009, for the Pulp and Paperboard segment included $47.1 million and $170.6 million, respectively, associated with the Alternative Fuel Mixture Tax Credit.




Clearwater Paper Corporation
Reconciliation of Non-GAAP Financial Measures
Unaudited (Dollars in thousands, except per-share amounts)


Three Months Ended Twelve Months Ended
December 31, December 31,
2010 2009 2010 2009

GAAP net earnings $ 37,786 $ 47,160 $ 73,800 $ 182,464
Special items, after-tax:
Alternative Fuel Mixture Tax Credit - (29,743 ) - (107,508 )
Cellulosic Biofuel Producer Credit (27,087 ) - (27,087 ) -
Patient Protection and Affordable Care Act (106 ) - 3,099 -
Cellu Tissue acquisition related expenses 10,521 - 12,416 -
Net earnings, excluding special items $ 21,114 $ 17,417 $ 62,228 $ 74,956

GAAP net earnings per diluted share $ 3.19 $ 4.01 $ 6.24 $ 15.50
Special items, after-tax:
Alternative Fuel Mixture Tax Credit - (2.53 ) - (9.13 )
Cellulosic Biofuel Producer Credit (2.29 ) - (2.29 ) -
Patient Protection and Affordable Care Act (0.01 ) - 0.26 -
Cellu Tissue acquisition related expenses 0.89 - 1.05 -
Net earnings per diluted share, excluding special items
$ 1.78 $ 1.48 $ 5.26 $ 6.37


Diluted average shares outstanding (in thousands) 11,846 11,758 11,835 11,770

http://ih.advfn.com/p.php?pid=nmona&article=46716320

[SAE]

Clearwater Paper to Present at the Goldman Sachs 2011 Montreal Paper Conference

Today : Tuesday 22 February 2011
Clearwater Paper Corporation (NYSE:CLW) announced today that Gordon Jones, chair, president and CEO, and Linda Massman, vice president and CFO, will be presenting at the Goldman Sachs 2011 Montreal Paper Conference on Wednesday, March 16, 2011, at 9:00 AM EST. A live audio webcast of the presentation and slide materials to be used in connection with the presentation will be accessible via Clearwater Paper's investor relations section of the company's website at http://ir.clearwaterpaper.com/events.cfm. An audio replay of the webcast will be available at the site for 90 days.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 14 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 3,700 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.


http://ih.advfn.com/p.php?pid=nmona&article=46571613

[SAE]

Clearwater Paper Completes Acquisition of Cellu Tissue Holdings, Inc.

Clearwater Paper Corporation (NYSE:CLW) today announced it has completed its acquisition of Cellu Tissue Holdings, Inc., an Alpharetta, Georgia-based manufacturer of tissue products. Clearwater Paper, headquartered in Spokane, Wash., now has 14 manufacturing locations in the U.S. and Canada, with a fifteenth under construction at Shelby, N.C.

"The acquisition significantly expands our tissue business to serve a broad customer base through a truly national network of sales and management professionals, talented manufacturing employees and strategically located production facilities," said Gordon Jones, chairman, president and CEO. "The acquisition supports our strategy to grow our private label tissue business while providing the opportunity to diversify into new channels.”

“We are excited about the opportunities the combined company offers our customers, and are pleased to welcome our new employees to the Clearwater Paper family,” said Bob DeVleming, vice president of consumer products. “We are ready to put the combined talents of all of our employees into action to best support Clearwater Paper’s existing and new customers.”

Clearwater Paper paid $12 per share in cash for Cellu Tissue's outstanding common stock and funded the acquisition using a combination of existing cash on hand and $375 million of debt financing. The purchase price was approximately $530 million, including equity value of approximately $247 million, retired debt of approximately $267 million and assumed debt of approximately $16 million. The retired debt amount included approximately $32.5 million from Cellu Tissue’s credit facility.

On December 27, 2010, and in connection with the acquisition of Cellu Tissue, Clearwater Paper also completed its previously announced cash tender offer to purchase any and all of Cellu Tissue's outstanding 11½% Senior Secured Notes due 2014. The tender offer expired at 11:00 a.m., New York City time, on December 27, 2010. Based on the final tabulation provided by D.F. King & Co., Inc., the depositary and information agent for the tender offer, the aggregate principal amount of Cellu Tissue notes that were validly tendered and not validly withdrawn prior to the expiration time was $234.479 million, representing 99.99% in aggregate principal amount of the Cellu Tissue Notes. Clearwater Paper has accepted for purchase all Cellu Tissue Notes validly tendered and not validly withdrawn prior to the expiration time, with settlement occurring today, December 27, 2010.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements regarding Clearwater Paper and its acquisition of Cellu Tissue, including but not limited to statements regarding the strategic and financial benefits of the acquisition of Cellu Tissue, opportunities for growth with existing customers and new customers in new channels, Clearwater Paper’s strategy to grow its private label tissue business, and the construction of a manufacturing facility at Shelby, N.C. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from difficulties with the integration process or the realization of the benefits expected from the acquisition of Cellu Tissue; general economic conditions in the regions and industries in which Clearwater Paper operates; and changes in the cost and availability of wood fiber used in the production of the company’s products. In addition, please refer to the documents that Clearwater Paper files with the Securities and Exchange Commission ("SEC") on Forms 10-K, 10-Q and 8-K. The filings by Clearwater Paper identify and address other important factors that could cause events or results to vary from the forward-looking statements set forth in this press release. Clearwater Paper is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 14 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 3,700 employees build shareholder value by developing strong customer partnerships through quality and service.

http://ih.advfn.com/p.php?pid=nmona&article=45796001

[SAE]

Clearwater Paper Corp. Announces Pricing of Total Consideration Relating to Cash Tender Offer for Cellu Tissue Holdings, Inc....

Clearwater Paper Corporation (NYSE: CLW) (“Clearwater Paper”) today announced the pricing of the Total Consideration to be paid in connection with the cash tender offer (the “Tender Offer”) to purchase any and all of Cellu Tissue Holdings, Inc.’s (“Cellu Tissue”) outstanding 11½% Senior Secured Notes due 2014 (the “Cellu Notes”).

The Tender Offer is being made upon the terms and subject to the conditions set forth in Clearwater Paper’s Offer to Purchase dated November 5, 2010 (the “Offer to Purchase”) and in connection with the Agreement and Plan of Merger, dated as of September 15, 2010 (the “Merger Agreement”), among Clearwater Paper, Cellu Tissue, and Sand Dollar Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Clearwater Paper (“Merger Sub”), pursuant to which, subject to the satisfaction of certain conditions, Merger Sub will merge with and into Cellu Tissue (the “Merger”). As a result of the Merger, Cellu Tissue will become a wholly-owned subsidiary of Clearwater Paper.

The Expiration Date for the Tender Offer is 11:00 a.m., New York City time, on December 27, 2010, unless further extended by Clearwater Paper pursuant to the terms of the Offer to Purchase.

As of 5:00 p.m., New York City time, on December 10, 2010, tenders had been received from holders of $234.366 million (99.95%) in aggregate principal amount of the Cellu Notes. Holders who validly tendered their Cellu Notes on or before November 30, 2010 and have such Cellu Notes accepted for payment by Clearwater Paper will receive $1,160.71 per $1,000 principal amount of Cellu Notes, which includes an early tender payment of $30.00 per $1,000 principal amount of Cellu Notes, plus accrued and unpaid interest up to, but not including, the payment date (the “Payment Date”). Holders who tender their Cellu Notes after November 30, 2010 but on or prior to the Expiration Date will not receive the $30.00 per $1,000 principal amount of Cellu Notes early tender payment, and therefore will receive $1,130.71 per $1,000 principal amount of Cellu Notes validly tendered, plus accrued and unpaid interest up to, but not including, the Payment Date.

The Total Consideration of $1,160.71 per $1,000 principal amount of Cellu Notes validly tendered on or before November 30, 2010 was calculated based on the present value on the Payment Date of the sum of the Redemption Price on the Redemption Date plus interest payments to, but not including, the Redemption Date, determined using a discount factor equal to the yield on December 13, 2010 of the Reference Security plus a fixed spread of 50 basis points. The Reference Yield and the Offer Yield, as such terms are used in the Offer to Purchase, are 0.197% and 0.697%, respectively.

The Withdrawal Time relating to the Tender Offer expired at 5:00 p.m., New York City time, on Friday, November 19, 2010. As a result, all Cellu Notes previously tendered and any Cellu Notes that are properly tendered after the date hereof may not be withdrawn unless Clearwater Paper makes a material change to the terms of the Tender Offer or is otherwise required by law to permit withdrawal.

The Tender Offer is conditioned upon the satisfaction of, or, where applicable, Clearwater Paper’s waiver of, certain conditions, including that all of the conditions precedent to the closing of the Merger as set forth in the Merger Agreement shall have been satisfied or waived, and certain other customary conditions.

The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, a copy of which may be obtained by contacting D. F. King & Co., Inc., the information agent for the Tender Offer, at [phone] (U.S. toll-free). BofA Merrill Lynch is the exclusive dealer manager for the Tender Offer. Additional information concerning the Tender Offer may be obtained by contacting BofA Merrill Lynch, Debt Advisory Services, at [phone] (collect) or [phone] (U.S. toll-free).

This press release does not constitute an offer to purchase the Cellu Notes. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Tender Offer is being made solely pursuant to the Offer to Purchase and related transmittal documents.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements that involve risks and uncertainties, including, but not limited to, statements regarding the Tender Offer. These forward-looking statements are based on Clearwater Paper’s current expectations, estimates and assumptions that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk that the conditions to the Tender Offer may be delayed or not occur. For a discussion of additional factors that may cause results to differ, see Clearwater Paper’s public filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date thereof. Clearwater Paper does not undertake to update any forward-looking statements.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

On December 1, 2010, Cellu Tissue filed with the SEC a definitive proxy statement and other relevant material in connection with the Merger. The definitive proxy statement has been sent or given to the stockholders of Cellu Tissue. Before making any voting or investment decision with respect to the Merger, investors and stockholders of Cellu Tissue are urged to read the proxy statement and the other relevant material because they contain important information about the Merger. The proxy statement and other relevant materials, and any other documents filed by Cellu Tissue with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov, at Cellu Tissue’s Investor Relations website at cellutissue.com/investor (click “SEC filings”) or from Cellu Tissue by contacting Investor Relations by mail at 1855 Lockeway Drive, Suite 501, Alpharetta, Georgia 30004, Attention: Investor Relations, or by telephone at 678-393-2651.

PARTICIPANTS IN THE SOLICITATION

Clearwater Paper and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Cellu Tissue stockholders in connection with the proposed Merger. Information about Clearwater Paper’s directors and executive officers is set forth in Clearwater Paper’s proxy statement on Schedule 14A filed with the SEC on March 29, 2010 and its Annual Report on Form 10-K for the year ended December 31, 2009 filed with the SEC on February 26, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Merger is included in the definitive proxy statement that Cellu Tissue filed with the SEC on December 1, 2010.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees

build shareholder value by developing strong customer partnerships through quality and service.
http://ih.advfn.com/p.php?pid=nmona&article=45635451

[SAE]

Clearwater Paper Announces Expiration of HSR Waiting Period for its Planned Acquisition of Cellu Tissue Holdings & Completion...
Today : Monday 25 October 2010
Clearwater Paper Corporation (NYSE:CLW) today announced that the 30-day waiting period for antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Clearwater Paper’s planned acquisition of Cellu Tissue Holdings, Inc. ended on Friday, October 22, 2010. On September 16, 2010, Clearwater Paper announced it had entered into an agreement to acquire Cellu Tissue for $12.00 in cash for each share of Cellu Tissue common stock.
The acquisition has been approved by the board of directors of each company and is subject to approval by Cellu Tissue's stockholders and other customary closing conditions. The acquisition is expected to close in the fourth quarter of 2010.

On October 22, 2010, Clearwater Paper completed its previously announced offering of $375 million principal amount of 7 1/8% Senior Notes due 2018 (the “Notes”). The net proceeds of the offering will be used to finance in part the company's acquisition of Cellu Tissue, to refinance certain existing indebtedness of Cellu Tissue, and to pay fees and expenses incurred as part of the Notes offering, the acquisition of Cellu Tissue and related transactions. The proceeds from the offering have been placed in escrow pending the closing of the acquisition of Cellu Tissue. If the acquisition of Cellu Tissue is not completed, Clearwater Paper will be required to redeem all of the Notes.

FORWARD-LOOKING STATEMENTS SAFE HARBOR

This press release contains certain forward-looking statements regarding the proposed transaction between Clearwater Paper and Cellu Tissue, including but not limited to statements regarding the expected timing of closing. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include, without limitation, the possibility that the conditions to closing of the acquisition may not be satisfied and that the closing may not occur or may be delayed; difficulties with the integration process or the realization of the benefits expected from the proposed transaction; general economic conditions in the regions and industries in which Clearwater Paper and Cellu Tissue operate; changes in the cost and availability of wood fiber used in the production of the companies’ products; and litigation or regulatory matters involving antitrust or other matters that could affect the closing of the transaction. In addition, please refer to the documents that Clearwater Paper and Cellu Tissue file with the Securities and Exchange Commission (“SEC”) on Forms 10-K, 10-Q and 8-K. The filings by Clearwater Paper and Cellu Tissue identify and address other important factors that could cause events or results to vary from the forward-looking statements set forth in this press release. Clearwater Paper and Cellu Tissue are under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Cellu Tissue has filed with the SEC a preliminary proxy statement and intends to file with the SEC a definitive proxy statement and other relevant material in connection with the acquisition. The definitive proxy statement will be sent or given to the stockholders of Cellu Tissue. Before making any voting or investment decision with respect to the acquisition, investors and stockholders of Cellu Tissue are urged to read the proxy statement and the other relevant material when they become available because they will contain important information about the acquisition. The proxy statement and other relevant materials (when they become available), and any other documents filed by Cellu Tissue with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov, at Cellu Tissue’s Investor Relations website at cellutissue.com/investor (click “SEC filings”) or from Cellu Tissue by contacting Investor Relations by mail at 1855 Lockeway Drive, Suite 501, Alpharetta, Georgia 30004, Attention: Investor Relations, or by telephone at 678-393-2651.

PARTICIPANTS IN THE SOLICITATION

Clearwater Paper and Cellu Tissue and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Cellu Tissue stockholders in connection with the acquisition. Information about Clearwater Paper’s directors and executive officers is set forth in Clearwater Paper’s proxy statement on Schedule 14A filed with the SEC on March 29, 2010, and its Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on February 26, 2010, respectively. Information about Cellu Tissue’s directors and executive officers is set forth in its proxy statement on Schedule 14A filed with the SEC on June 25, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection with the acquisition is set forth in the preliminary proxy statement that Cellu Tissue filed with the SEC and will also be included in the definitive proxy statement that Cellu Tissue intends to file with the SEC.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

ABOUT CELLU TISSUE HOLDINGS

Cellu Tissue Holdings, Inc. is a North American producer of tissue products, with a focus on consumer-oriented private label products and a growing presence in the value retail tissue market. For more information, visit Cellu Tissue’s website at www.cellutissue.com.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

[SAE]

Clearwater Paper Announces Third Quarter 2010 Conference Call and Audio Web Cast

Today : Saturday 2 October 2010
Clearwater Paper Corporation (NYSE: CLW) today announced that it will host its third quarter 2010 financial results conference call on Thursday, October 28, 2010, at 8 a.m. Pacific Time (11 a.m. Eastern Time). The company will issue its financial results before the market opens the same day.

Investors may access the conference call by dialing 877-303-9241 (for US/Canada investors) or 760-666-3575 (for international investors). The audio Web cast may be accessed on the company’s Web site at ir.clearwaterpaper.com/events.cfm.

An accompanying presentation will be available for downloading from ir.clearwaterpaper.com/events.cfm before the market opens. The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through Clearwater Paper’s Web site at www.clearwaterpaper.com under “Investor Relations” following the conference call.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

[SAE]

Clearwater Paper to Present at Oppenheimer 5th Annual Industrials Conference

Today : Wednesday 22 September 2010
Clearwater Paper Corporation (NYSE: CLW) announced today that Gordon Jones, chair, president and CEO, and Linda Massman, vice president and CFO, will be presenting at the Oppenheimer 5th Annual Industrials Conference

in New York on Wednesday, September 29, 2010, at 10:15 AM ET. A live audio webcast of the presentation and slide materials to be used in connection with the presentation will be accessible via Clearwater Paper’s Investor Relations section of the company’s website at http://ir.clearwaterpaper.com/events.cfm. An audio replay of the webcast will be available at the site for 90 days.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com

[SAE]

Clearwater Paper to Acquire Cellu Tissue Holdings, Inc.
Clearwater Paper Common Stock (NYSE:CLW)

today announced it has agreed to acquire Cellu Tissue Holdings, Inc., an Alpharetta, GA-based integrated manufacturer of tissue products (NYSE: CLU), for approximately $502 million, including equity value of approximately $247 million and net debt of approximately $255 million. Clearwater Paper will pay $12.00 per share in cash for Cellu Tissue’s outstanding common stock and intends to fund the acquisition using a combination of existing cash on hand and $350 million of debt financing. Clearwater Paper has secured a financing commitment for the transaction from BofA Merrill Lynch.
Clearwater Paper believes the acquisition will be immediately accretive to earnings per share before taking into account an estimated $15-$20 million in net annual cost synergies expected by the end of 2012. The acquisition has been unanimously approved by both companies’ boards of directors and is expected to close in the fourth quarter of 2010, following Cellu Tissue stockholder approval, regulatory clearances, and other customary closing conditions. Weston Presidio and Russell Taylor, Cellu Tissue’s chief executive officer, which together own approximately 56% of Cellu Tissue’s common stock outstanding, have agreed to vote their shares in favor of the transaction.

“We are very pleased to have the opportunity to rapidly expand our tissue manufacturing footprint through the acquisition of Cellu Tissue and create a combined company with much stronger operational scale to better serve private label tissue customers. This acquisition, coupled with the previously announced construction of our new tissue machine and converting facilities in Shelby, North Carolina, is expected to provide both short and long-term value to our shareholders,” said Gordon Jones, chairman, president and CEO. “Clearwater Paper already has a national sales footprint, and this acquisition gives us a rare opportunity to immediately have a national manufacturing presence to increase service to our existing private label grocery customers and expand into new private label channels,” added Jones.

The expected strategic and financial benefits of the transaction are as follows:

Opportunity for Clearwater Paper to establish a national manufacturing presence as a papermaker and converter of tissue products
Customer growth with existing and new customers
Increased Through-Air-Dried (TAD) capacity
Logistical improvements through shipping and transportation synergies
Combined company annual revenues expected to be approximately $1.9 billion
Immediate accretion to earnings per share before synergies
Expected annual net cost synergies of $15-$20 million by the end of 2012
Cellu Tissue’s well-developed private label and specialty tissue businesses, which include 10 sites, complement Clearwater Paper’s existing private label tissue and pulp and paperboard businesses.

In connection with the acquisition of Cellu Tissue, Clearwater Paper intends to tender for or defease Cellu Tissue’s outstanding 11.50% senior secured notes due 2014.

BofA Merrill Lynch acted as financial advisor and Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor to Clearwater Paper. Goldman, Sachs & Co. acted as financial advisor and King & Spalding LLP acted as legal advisor to Cellu Tissue.

CONFERENCE CALL INFORMATION

A live audio webcast and conference call will be held today, Thursday, September 16, 2010 at 8:30 a.m. Pacific time (11:30 a.m. Eastern time). Investors may access the conference call by dialing 877-303-9241 (for U.S./Canada investors) or 760-666-3575 (for international investors). The audio webcast may be accessed on the company's Web site at http://ir.clearwaterpaper.com/events.cfm. An accompanying presentation will be available for downloading at the same site at 5:30 a.m. Pacific time (8:30 a.m. Eastern time). The webcast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through the Clearwater Paper Corporation Web site www.clearwaterpaper.com under "Investor Relations" following the conference call.

FORWARD-LOOKING STATEMENTS SAFE HARBOR

This press release contains certain forward-looking statements regarding the proposed transaction between Clearwater Paper and Cellu Tissue, including but not limited to statements regarding expected accretion to earnings, the estimated amount of annual synergies resulting from the merger, expected combined company annual revenues, the benefits of the proposed transaction to Clearwater Paper stockholders, opportunities for growth with existing customers and new customers in new channels, tissue production facilities and the expected timing of closing. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the possibility that the closing of the transaction may be delayed or may not occur; difficulties with the integration process or the realization of the benefits expected from the proposed transaction; Clearwater Paper's ability to obtain debt financing to fund the acquisition price; general economic conditions in the regions and industries in which Clearwater Paper and Cellu Tissue operate; changes in the cost and availability of wood fiber used in the production of the companies’ products; and litigation or regulatory matters involving antitrust or other matters that could affect the closing of the transaction. In addition, please refer to the documents that Clearwater Paper and Cellu Tissue file with the Securities and Exchange Commission ("SEC") on Forms 10-K, 10-Q and 8-K. The filings by Clearwater Paper and Cellu Tissue identify and address other important factors that could cause events or results to vary from the forward-looking statements set forth in this press release. Clearwater Paper and Cellu Tissue are under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Cellu Tissue intends to file with the SEC a preliminary proxy statement and a definitive proxy statement and other relevant material in connection the merger. The definitive proxy statement will be sent or given to the stockholders of Cellu Tissue. Before making any voting or investment decision with respect to the merger, investors and stockholders of Cellu Tissue are urged to read the proxy statement and the other relevant material when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by Cellu Tissue with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov, at Cellu Tissue's Investor Relations website at cellutissue.com/investor (click "SEC filings") or from Cellu Tissue by contacting Investor Relations by mail at 1855 Lockeway Drive, Suite 501, Alpharetta, Georgia 30004, Attention: Investor Relations, or by telephone at [phone].

PARTICIPANTS IN THE SOLICITATION

Clearwater Paper and Cellu Tissue and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Cellu Tissue stockholders in connection with the merger. Information about Clearwater Paper's directors and executive officers is set forth in Clearwater Paper's proxy statement on Schedule 14A filed with the SEC on March 29, 2010 and its Annual Report on Form 10-K for the year ended December 31, 2009 filed with the SEC on February 26, 2010, respectively. Information about Cellu Tissue's directors and executive officers is set forth in its proxy statement on Schedule 14A filed with the SEC on June 25, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection the merger will be included in the proxy statement that Cellu Tissue intends to file with the SEC.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

ABOUT CELLU TISSUE HOLDINGS

Cellu Tissue Holdings, Inc. is a North American producer of tissue products, with a focus on consumer-oriented private label products and a growing presence in the value retail tissue market. For more information, visit Cellu Tissue’s website at www.cellutissue.com.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.


http://ih.advfn.com/p.php?pid=nmona&article=44395475&symbol=NY%5ECLW

[SAE]

Clearwater Paper Reports Second Quarter 2010 Results
Clearwater Paper Common Stock (NYSE:CLW)

Clearwater Paper Corporation (NYSE:CLW) today reported financial results for the second quarter ended June 30, 2010. The company reported net earnings for the second quarter of 2010 of $20.6 million, or $1.75 per diluted common share, compared to net earnings of $75.4 million, or $6.43 per diluted common share, for the second quarter of 2009. Second quarter 2009 results included special items totaling $4.60 per share for alternative fuel mixture tax credits, renewable energy tax credits and debt retirement costs. Excluding those items, second quarter 2009 diluted earnings were $1.83 per share.

"Second quarter revenues were solid for both Consumer Products and Pulp and Paperboard. Strong demand from our customers across our businesses as well as solid operating performance resulted in strong earnings for the quarter," said Gordon Jones, chairman, president and chief executive officer. "To better meet demand in our Consumer Products segment, we broke ground in early July on our converting facility at Shelby, North Carolina. We are pleased with the Shelby site as the home of our expanded papermaking and converting operations."

SECOND QUARTER 2010 SEGMENT PERFORMANCE

Consumer Products

Operating income for the second quarter of 2010 was $20.8 million, compared with operating income of $32.2 million for the second quarter of 2009. Net sales of $145.4 million for the quarter were 4.3% higher than second quarter 2009 net sales of $139.4 million.

The increase in net sales was driven by a 7.2% increase in volume, partially offset by 2.7% lower net selling prices driven by increased customer product promotions.
Operating income was lower as a result of significantly higher pulp costs.
Pulp and Paperboard

For the second quarter of 2010 the segment had operating income of $27.5 million, compared to operating income of $83.3 million for the second quarter of 2009, which included $76.4 million associated with alternative fuel mixture tax credits. Net sales of $217.9 million for the quarter were up 14.9% compared to second quarter 2009 net sales of $189.7 million.

Higher net sales for the quarter were primarily the result of paperboard volume increases and higher pulp prices.
Paperboard shipments increased by 8,800 tons, or 4.9%, and paperboard net selling prices also improved 3.5% compared to second quarter 2009.
Market pulp pricing increased by 78.2% and shipments to third parties decreased to 13,307 tons as compared to 19,038 tons in second quarter 2009, primarily due to less production and more internal consumption.
Tax Rate

The company's effective income tax rate for the second quarter of 2010 was 38.0% compared to 23.3% for the same period last year. The tax rate for the second quarter of 2009 included alternative fuel mixture tax credits and tax benefits from renewable energy tax credits. The annual estimated effective tax rate for 2010, excluding discrete items, is approximately 34.8%. ..

http://ih.advfn.com/p.php?pid=nmona&article=43795022&symbol=NY%5ECLW

[SAE]

Reminder: Clearwater Paper Announces Second Quarter 2010 Conference Call and Audio Web Cast [next Thursday, but volume is way above AVG today for some reason, imo]

Clearwater Paper Corporation (NYSE: CLW) today announced that it will host its second quarter 2010 financial results conference call on Thursday, July 29, 2010, at 8 a.m. Pacific Time (11 a.m. Eastern Time). The company will issue its financial results before the market opens the same day.

Investors may access the conference call by dialing 877-879-6207 (for US/Canada investors) or 719-325-4791 (for international investors). The audio Web cast may be accessed on the company’s Web site at http://ir.clearwaterpaper.com/events.cfm.

An accompanying presentation will be available for downloading from http://ir.clearwaterpaper.com/events.cfm before the market opens. The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through Clearwater Paper’s Web site at www.clearwaterpaper.com under “Investor Relations” following the conference call.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our Web site at www.clearwaterpaper.com.


http://ih.advfn.com/p.php?pid=nmona&article=43363035&symbol=NY%5ECLW

[SAE]

Clearwater Paper Announces New Tissue Machine and Converting Facility
Clearwater Paper Corporation (NYSE:CLW) today announced that its board of directors has approved plans to build a Through-Air-Dried (TAD) paper machine and seven converting lines capable of producing ultra grades of private label tissue products. Final site selection for the Southeastern United States facility is underway.

“After a thorough analysis of the anticipated costs and returns from a new paper machine, the company is moving forward with construction of a 200-inch TAD tissue machine, together with a total of seven converting lines,” said Gordon Jones, chairman, president and CEO. "Our estimates, which include strong incentive packages offered by competing states, put the projected returns for this project at approximately twice our cost of capital, which we expect to result in long-term value for the company."

As part of its stated growth strategy, Clearwater Paper is pursuing investment in its consumer products tissue business, specifically to expand the company’s geographic reach to best serve existing and new customers on the East Coast. The total cost for the new facility is expected to be approximately $260 to $280 million, which includes the two new converting lines previously announced in February 2010. The total cost figure includes the paper machine, seven converting lines, buildings to house the paper machine and converting lines and land. The company expects to fund the project primarily with existing cash on the balance sheet and future cash flow from operations. It is expected that capital will be deployed over the next five years, with approximately 80 percent to be split evenly between 2011 and 2012.

“The new facility is expected to employ up to 250 full-time employees and will increase our ultra quality tissue offering to include TAD bathroom tissue,” said Bob DeVleming, vice president, consumer products division. “By adding additional TAD technology, we can drive growth in this segment while effectively competing with ultra quality branded products in the tissue and towel segments of the market. We believe that strengthening our product offering will provide us a significant advantage in the marketplace.”

The company intends to break ground during the third quarter of this year. Build-out and start-up for the converting lines will come in phases, with the first two lines expected to begin production during the second half of 2011. The paper machine is expected to take two years to build from completion of engineering, and we anticipate beginning production on the machine in the second half of 2012. At full production capacity the facility will produce approximately 10 million cases or 70,000 tons of bathroom tissue and household towels annually.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,400 employees build shareholder value by developing strong customer partnerships through quality and service.

FORWARD LOOKING STATEMENT

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the company’s growth strategy and expansion plans, projected returns on investment, capital costs associated with the expansion, long-term value, completion of new operating facilities, production capacity, and customer base. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the company’s ability to execute on its strategies; unanticipated construction and manufacturing disruptions; customers’ product preferences, changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large customer; competitive pricing pressure for the company’s products; changes in freight costs and disruptions in transportation services; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in the company’s public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

[SAE]

Hey Azure107,

That makes sense, don't give up on trying to post any charts that you think might help other investors in CLW. I hope this stock goes up to where you need it to go. I agree with you that this industry, specifically this company appears pretty good.

Glad to see you too!

Stockinvestor

[azure107]

hey stockinvestor777

I was trying to figure out how to post a chart so I was "testing".

Glad to see ya. Looks like CLW is getting a little more steam after recovering from that last conference call. The whole paper group has been pretty good.


http://stockcharts.com/charts/gallery.html?CLW



glad to see ya

[SAE]

Clearwater Paper Announces First Quarter 2010 Conference Call and Audio Web Cast Clearwater Paper Corporation (NYSE: CLW) today announced that it will host its first quarter 2010 financial results conference call on Thursday, April 29, 2010, at 8 a.m. Pacific Time (11 a.m. Eastern Time). The company will issue its financial results before the market opens the same day.

Investors may access the conference call by dialing 877-879-6207 (for US/Canada investors) or 719-325-4791 (for international investors). The audio Web cast may be accessed on the company’s Web site at http://ir.clearwaterpaper.com/events.cfm.

An accompanying presentation will be available for downloading from http://ir.clearwaterpaper.com/events.cfm before the market opens. The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through Clearwater Paper’s Web site at www.clearwaterpaper.com under “Investor Relations” following the conference call.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,400 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our Web site at www.clearwaterpaper.com.

[SAE]

Clearwater Paper — The First U.S. Consumer Tissue Products Company to Earn FSC/Rainforest Alliance Certification
Clearwater Paper Corporation (NYSE:CLW) announced today that the company will be the first U.S. tissue supplier to offer consumer products from responsibly managed Forest Stewardship Council (FSC)-certified forests and be awarded Chain-of-Custody (CoC) certification by the Rainforest Alliance’s SmartWood program.

“Today’s consumer wants assurance that the products they buy come from sustainable sources, and savvy companies recognize that,” said Tensie Whelan, president of the Rainforest Alliance. “We are pleased that Clearwater Paper is leading the way in offering FSC-certified tissue products to US consumers nationwide.”

FSC Chain-of-Custody certification ensures that the pulp used to make Clearwater Paper’s FSC-labeled tissue products comes only from suppliers who exercise environmentally and socially responsible forestry practices following FSC’s high standards. Clearwater Paper is the first major U.S. manufacturer of consumer tissue products to become FSC certified for tissue products sold at retail grocery.

“We are very pleased to be able to offer consumers a new choice when making important decisions about their family’s use of tissue products,” said Gordon Jones, president and CEO of Clearwater Paper. “Clearwater Paper has been a pioneer in FSC-certified wood fiber-based products, offering the first full line of FSC-certified paperboard products to the packaging industry in 2006. Now with private-label consumer tissue products available to our customers, the company has made huge strides in furthering our commitment to supply certified products to consumers.”

Clearwater Paper’s private label tissue products are made from premium quality fiber that is comparable to national brands in softness, absorbency and strength. The company will begin offering certified facial tissue products during the latter part of the second quarter of 2010. Clearwater Paper plans to expand its certified product offering to premium and ultra grades of bathroom tissue later in the year.

“Clearwater’s Chain-of-Custody certification is an important achievement and is further evidence of the increased demand for environmentally and socially responsible products,” said Corey Brinkema, president of the Forest Stewardship Council-US. “Clearwater’s reach to the U.S. consumer is a tremendous leap forward for our forests and forest communities.”

Starting in June, FSC-certified facial tissue will be available to retail grocery stores. Clearwater Paper is the nation’s largest supplier of private label tissue products to national retail grocery chains.

“Many of our retail grocery customers have been asking for FSC-certified tissue products and are excited to be able to offer their private label products to consumers while maintaining the same Clearwater Paper quality with the added assurances of FSC certification of high environmental standards,” said Bob DeVleming, vice president of Clearwater Paper’s consumer products division.

Certification allows retailers to add a valuable component to their private label products. Because the company has passed its Chain-of-Custody certification, many of Clearwater Paper’s private label customers’ products will soon have the option to proudly display the FSC logo and the well-known Rainforest Alliance Certified seal.

“FSC certification provides consumers credible, independent assurance that our products are made from responsible, well-managed forests,” added DeVleming. “Today’s consumers expect that the products they use are environmentally sound, and also demand the same high quality standards of premium tissue products to which they are accustomed.”

ABOUT FOREST STEWARDSHIP COUNCIL

The Forest Stewardship Council (FSC) is a global nonprofit organization that encourages responsible management of the world’s forestlands.

ABOUT THE RAINFOREST ALLIANCE

The Rainforest Alliance works to conserve biodiversity and ensure sustainable livelihoods by transforming land-use practices, business practices and consumer behavior. The Rainforest Alliance’s SmartWood program is the leading FSC certifier.

ABOUT CLEARWATER PAPER (FSC C051250)

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 2,400 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our Web site at www.clearwaterpaper.com. Inquiries about Clearwater Paper tissue products can be made to [e-mail].

[SAE]

Azure107,

Why do you just post "test" in your last two messages?

Stockinvestor

[azure107]

test

[azure107]

test

[azure107]

Holiday Greetings Stockinvestor

Yes CLW is my precious :) I like the management.
As you said they capitalized on the generic tp and tissues.
As the economy picks up the cardboard and housing segments
should begin to add to the bottom line.

I also like the 11M outstanding share count and the 73%
institutional ownership. So with only ~3M floating around
price spikes happen.

The low debt is nice too compared to the other paper companies.
If you listen around six minutes into the last conference
call they make the statement, "net debt free at the end of Q3"
due to alternative fuel tax they received.

All of this imo.

I think they deserve a higher P/E than the
other paper companies. The S-3 they filed in Oct. seems to have been absorbed by the institutional owners. Since it sounds like
they will use it for more tissue capacity and they're selling all
they make. I think it will be long term positive.

I've been doing well with GPK lately too. They make drink and food container microwave paper stuff. LPX makes some nice moves too but it's a little too volitile.

http://finance.yahoo.com/echarts?s=CLW#chart5:symbol=clw;range=ytd;compare=gpk+tin+lpx+pkg;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

have a good holiday. 2010 here we come

[SAE]

Hi Azure107,

If you have read my postings, then we can probably agree that CLW has had more than just a good day; it has had an excellent year in stock price appreciation! Not only do they appear to know how to capitalize on the specific segments of the industry that they are involved with, but I also appreciate how low(IMO)the amount of outstanding stock has been kept.

GLTYT,

Stockinvestor

[azure107]

Hi stockinvestor777

Good day for CLW :) Looks like we might hit the
Oppenheimer target of $65 soon.


good luck

[SAE]

And Clearwater Paper (NYSE:CLW - News), which makes about 56% of all the private-label tissue products sold in the U.S., is looking to expand.

Spokesman Matt Van Vleet says the economy likely persuaded some consumers to try Clearwater products -- sold as the house brand in places like Kroger and Albertsons.

But the company doesn't think it will lose all of them when the economy improves. Value always sells, Van Vleet says.

"We sell every case of tissue we make, and make every case we can," he said.

Shoppers Check Out Private Store Brands

http://finance.yahoo.com/news/Shoppers-Check-Out-Private-ibd-1366927391.html?x=0&.v=1

[SAE]

Five Paper Companies Licensed To Print Money
Posted: Nov 05, 2009 14:48 PM by Aryeh Katz

Who would have thought an old standard like paper would have pulled in so much cash in the last year? As it turns out, two of the top-20 performing stocks on the Russell 3000 Universe of stocks were paper companies - and the rest of the sector was not far behind.

The cynical among us would have it that these companies profited from the unprecedented increase in U.S. dollars created to fend off last year's financial crisis. All kidding aside, good management and a rebound in an already depressed market sector had more to do with the outsized gains we discuss below. (See how far the country has come from 2008 in our article Financial Crisis Report Card: One Year Later.)

Here they are: five stellar paper performers since the New Year, complete with vital stats for your investment edification.

Idaho Wood Cutters - And Packagers
Boise Inc. (NYSE: BZ) leads the pack with a stellar year-to-date (YTD) rise of over 1100% and a whopping 10400% since coming off lows set in March of this year. Boise earns a living manufacturing packaging products such as newsprint, corrugated paper, market pulp, container board, labels and other direct-purchase items for home and office.

The company is enthusiastic about its new "Boise Block" flexible packaging papers, which it believes will be a hit with the food industry. The product holds out oil and grease in a number of food-packaging applications.

Clearwater Paper (NYSE: CLW) trades with a forward P/E of 11, a price-to-sales ratio of just 0.4 and has a market cap of $525 million. YTD, five separate insiders have made stock purchases totaling in excess of $360,000. Each of them earned between 100% and 625% as the stock has risen over 460% YTD and close to 700% since its March 2009 lows.

Heavy Paper Hitter
International Paper (NYSE: IP) is one of the biggest outfits in the forestry and paper sector and was, until 2004, a component of the Dow Jones Industrial Average. The company has a market cap just shy of $10 billion and is up 480% from its 52-week low.

Temple Inland (NYSE: TIN) and Graphic Packaging Holding (NYSE: GPK) are southern-based paper package manufacturers, both of whom have seen sizable returns on their stock this year. TIN is up almost 590% from its lows and still offers a not-unfriendly 2.48% dividend yield. GPK has appreciated more than 325%. It carries a price/book ratio of 1.52 and price/sales of 0.20.

The Wrap
The paper sector has literally been printing money for investors in 2009. Those seeking a piece of this investment niche should begin with a look at the above-named issues, each of which has delivered results that significantly outperformed the broader markets YTD.

http://stocks.investopedia.com/stock-analysis/2009/Five-Paper-Companies-Licensed-To-Print-Money-IP-TIN-GPK-BZ-CLW1105.aspx?partner=YahooSA

[SAE]

Clearwater Paper Reports Third Quarter 2009 Results

Clearwater Paper Corporation (NYSE:CLW) today reported financial results for the third quarter ended September 30, 2009. The company reported net earnings for the third quarter of 2009 of $46.2 million, or $3.92 per diluted common share, compared to net earnings of $0.9 million, or $0.08 per diluted common share, for the third quarter of 2008. Net earnings for the third quarter of 2009, excluding $47.1 million of income from alternative fuel mixture tax credits were $16.5 million, or $1.40 per diluted common share.


“Our third quarter results were excellent. The outstanding performance of our Consumer Products segment and the stable performance of our Pulp and Paperboard segment continued the positive trends we have delivered throughout the year. Potentially higher commodity and promotional costs could impact our total performance but we remain positive about our outlook,” said Gordon Jones, president, chief executive officer and director.


THIRD QUARTER 2009 SEGMENT PERFORMANCE

Consumer Products

Operating income for the third quarter of 2009 was $32.1 million, compared with operating income of $11.1 million for the third quarter of 2008. Net sales of $140.2 million for the quarter were 7% higher than third quarter 2008 net sales of $130.6 million.


The increase in net sales was driven by 5% higher volume and slightly higher net selling prices when compared to the third quarter of 2008. The segment shipped a record 52,778 tons of finished goods during the quarter. These tons represented 7.6 million cases of product shipped during the third quarter of 2009 versus 7.2 million cases shipped during the third quarter of 2008.


Segment performance was driven by strong production in papermaking and converting coupled with lower input costs for pulp, freight, energy and packaging supplies.


Pulp and Paperboard

Operating income for the third quarter of 2009 was $57.7 million, compared to operating income of $0.4 million for the third quarter of 2008. Excluding the income recognized for the alternative fuel mixture tax credits, operating income for the third quarter of 2009 was $10.6 million. Net sales of $185.5 million for the quarter were 6% lower than the third quarter 2008 net sales of $196.3 million.


Lower net sales for the quarter were the result of a 1% decline in paperboard shipments, a 1% decline in paperboard average net selling prices and a 24% decline in market pulp net selling prices compared to the same period in 2008. Partially offsetting the declines was a 15% increase in market pulp shipments to third parties.


Operating income for the quarter was favorably affected by lower input costs for wood fiber, freight, chemicals and energy compared to the same quarter in 2008.


Total maintenance costs were $2.7 million lower during the quarter compared to the same period in 2008, attributable to delaying the majority of our major maintenance downtime expense to coincide with our 2010 maintenance downtime schedule. This was partially offset by higher repair costs resulting from a power outage at our Lewiston, Idaho mill and also increased regular maintenance expense.


The segment recorded $47.1 million of pre-tax income during the quarter related to the alternative fuel mixture tax credits. Through September 30, the company has recorded pre-tax income of $123.5 million and received cash of $87.4 million in connection with these tax credits.


Wood Products

Operating loss for the third quarter of 2009 was $4.2 million, compared to an operating loss of $1.6 million for the third quarter of 2008. Net sales of $21.3 million for the quarter were 9% lower than the third quarter 2008 net sales of $23.3 million.


Overall lumber net selling prices fell by 31% in the third quarter 2009 compared to the third quarter of 2008, due to lower lumber prices and a lower percentage of higher-value cedar product sales. However, lumber net selling prices have sequentially improved since the beginning of 2009.


Shipment volumes increased by 32% during the quarter compared to the same quarter in 2008.


Saw log costs were lower in the quarter due to lower log prices and log mix, compared to the third quarter of 2008.


Corporate and Eliminations Expenses

Corporate and eliminations expenses for the third quarter of 2009 were $8.0 million compared to $5.4 million for the third quarter of 2008. The increase was primarily attributable to higher corporate administration expenses in 2009 associated with being an independent, publicly-traded company following the company’s spinoff from Potlatch Corporation, as well as higher incentive compensation related expenses.


Tax Rate

The company’s effective income tax rate for the third quarter of 2009 was 36.9% compared to 26.4% for the same period last year. The tax provision for the third quarter of 2008 was calculated on a carve-out basis from Potlatch Corporation, whereas the 2009 tax provision is reflective of the company’s operations and tax attributes as a stand-alone entity.


Clearwater Paper Corporation Separation from Potlatch Corporation

This news release represents the third full quarter reporting for Clearwater Paper Corporation as a stand-alone company. Clearwater Paper Corporation was spun-off from Potlatch Corporation on December 16, 2008. Clearwater Paper is comprised of Potlatch’s former pulp-based manufacturing businesses and the Lewiston, Idaho, lumber mill.


Note Regarding Use of Non-GAAP Financial Measure

In this press release, the company presents its net earnings for the third quarter of 2009, excluding income from alternative fuel mixture tax credits. This amount is not in accordance with generally accepted accounting principles (GAAP) and accordingly a reconciliation of this amount to net earnings determined in accordance with GAAP is included at the end of this press release.


CONFERENCE CALL INFORMATION

A live audio Web cast and conference call will be held today, Thursday, October 29, 2009 at 8 a.m. Pacific time (11 a.m. Eastern time). Investors may access the conference call by dialing 877-879-6207 (for U.S./Canada investors) or 719-325-4791 (for international investors). The audio Web cast may be accessed on the company’s Web site at http://ir.clearwaterpaper.com/events.cfm. An accompanying presentation will be available for downloading at the same site at 7 a.m. Pacific time (10:00 a.m. Eastern time). The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.


For those unable to participate in the call, an archived recording will be available through the Clearwater Paper Corporation Web site www.clearwaterpaper.com under “Investor Relations” following the conference call.


ABOUT CLEARWATER PAPER

Clearwater Paper Corporation manufactures premium consumer tissue, high-quality bleached paperboard and wood products at six facilities across the country. The company is a premier supplier of private label tissue to major retail grocery chains and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper’s 2,400 employees build shareholder value by developing strong customer partnerships through quality and service.


FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding future company and segment operating and financial performance, input costs, maintenance costs and schedules and alternative fuel mixture tax credits. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large consumer products segment customer; changes in the alternative fuel mixture tax credit regulations and the company’s eligibility for such tax credits; competitive pricing pressure for the company’s products; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; inability to refinance or pay indebtedness; inability to implement corporate strategies; and other risks and uncertainties described from time to time in the company’s public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and the company does not undertake to update any forward-looking statements.


Clearwater Paper Corporation
Statements of Operations
Unaudited (Dollars in thousands - except per-share amounts)


Quarter Ended Nine Months Ended
September 30, September 30,
2009
2008
2009
2008

Net sales $ 331,484 $ 328,697 $ 935,089 $ 952,122
Costs and expenses:
Cost of sales 282,485 314,216 795,152 896,169
Selling, general and administrative expenses 18,627 10,060 52,655 33,992
301,112 324,276 847,807 930,161
Alternative fuel mixture tax credits 47,137 - 123,510 -
Earnings before interest, debt retirement costs and income taxes
77,509 4,421 210,792 21,961
Interest expense, net (4,277 ) (3,250 ) (11,271 ) (9,750 )
Debt retirement costs - - (6,250 ) -
Earnings before income taxes 73,232 1,171 193,271 12,211
Income tax provision 27,023 309 57,967 4,127
Net earnings $ 46,209 $ 862 $ 135,304 $ 8,084
Net earnings per common share:
Basic $ 4.07 $ 0.08 $ 11.91 $ 0.71
Diluted 3.92 0.08 11.54 0.71
Average shares outstanding (in thousands):
Basic 11,362 11,355 11,359 11,355
Diluted 11,780 11,355 11,729 11,355


Clearwater Paper Corporation
Condensed Balance Sheets
Unaudited (Dollars in thousands)



September 30,

December 31,

2009 2008

Assets
Current assets:
Cash $ 2,649 $ 3,218
Restricted cash 750 -
Short-term investments 146,003 10,800
Receivables, net 110,367 104,030
Taxes receivable 69,715 -
Inventories 145,604 154,351
Deferred tax assets 14,772 14,772
Prepaid expenses 5,304 2,408
Total current assets 495,164 289,579
Land 4,729 4,729
Plant and equipment, at cost less accumulated depreciation 366,182 385,138
Other assets 7,213 3,820

$ 873,288 $ 683,266
Liabilities and Stockholders' Equity
Current liabilities:
Notes payable $ - $ 50,000
Note payable to Potlatch - 100,000
Accounts payable and accrued liabilities 110,470 116,471
Current liability for pensions and other postretirement employee benefits 9,086 9,086
Total current liabilities 119,556 275,557
Long-term debt 148,241 -
Liability for pensions and other postretirement employee benefits 225,144 221,649
Other long-term obligations 4,623 3,234
Accrued taxes 52,267 -
Deferred taxes 1,539 1,837
Accumulated other comprehensive loss (121,699 ) (126,149 )
Stockholders' equity excluding accumulated other comprehensive loss 443,617 307,138

$ 873,288 $ 683,266


Clearwater Paper Corporation
Segment Information
Unaudited (Dollars in thousands)

Quarter Ended Nine Months Ended
September 30, September 30,
2009
2008
2009
2008
Segment net sales:
Consumer Products $ 140,190 $ 130,633 $ 415,692 $ 376,529
Pulp and Paperboard:
Paperboard 166,940 171,104 458,820 485,409
Pulp 18,515 24,965 54,307 73,158
Other 7 210 78 604
185,462 196,279 513,205 559,171
Wood Products 21,344 23,340 50,343 73,746
346,996 350,252 979,240 1,009,446
Elimination of intersegment sales (15,512 ) (21,555 ) (44,151 ) (57,324 )
Total segment net sales $ 331,484 $ 328,697 $ 935,089
$ 952,122

Operating income (loss):
Consumer Products $ 32,080 $ 11,067 $ 93,398 $ 21,630
Pulp and Paperboard (1) 57,706 350 153,834 17,231
Wood Products (4,244 ) (1,574 ) (14,885 )
(9,634 )
85,542 9,843 232,347
29,227
Corporate and eliminations (8,033 ) (5,422 ) (21,555 ) (7,266 )
Earnings before interest, debt retirement costs and income taxes $ 77,509 $ 4,421 $ 210,792
$ 21,961

(1) Operating income for the quarter and nine months ended September 30, 2009, for the Pulp and Paperboard segment included $47.1 million and $123.5 million, respectively, associated with alternative fuel mixture tax credits.




Clearwater Paper Corporation
Reconciliation of Non-GAAP Financial Measures
Unaudited (Dollars in thousands, except per-share amounts)


Quarter Ended
September 30, 2009

GAAP net earnings $ 46,209
Special item, after-tax:
Alternative fuel mixture tax credits 29,744
Net earnings, excluding special item $ 16,465

GAAP net earnings per diluted share $ 3.92
Special item, after-tax:
Alternative fuel mixture tax credits 2.52
Net earnings per diluted share, excluding special item $ 1.40

Diluted average shares outstanding (in thousands) 11,780



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