Clearwater Paper Corporation has reported a fourth-quarter net income of 2 million dollars, after reporting a loss of 188 million dollars in the same period a year earlier. On a per-share basis, the Spokane-based company said it had profit of 12 cents. The maker of pulp-based products posted revenue of 435-and-a-half million dollars in the period. Net sales in the Consumer Products segment were up 8 percent in the 4thh quarter to 231 million dollars, due to higher retail tissue volumes sold offset by slightly lower prices due to mix. Operating income for the quarter 2 million dollars. Meanwhile, the Pulp and Paperboard segment saw net sales of 205 million dollars for the quarter, down 5 percent from a year ago, attributable to lower sales volumes partially offset by higher paperboard prices from previously announced increases. Operating income for the segment was up 3 million dollars to 35 million. For the year, the company reported that its loss narrowed to 5-point-6 million dollars, or 34 cents per share, on net sales of 1-point-8 Billion dollars. The loss for 2018 was 144 million. Clearwater Paper shares have increased 27 percent since the beginning of the year. (Clearwater Paper)
