Clearwater Paper plans to return approx. 50% of free cash flow in 2014-2015 The company says "We are now focused on operational execution in the near term and upon completion of the stock repurchase program, we plan to return approximately 50% of discretionary free cash flow to our shareholders over the 2014 and 2015 timeframe.”
Clearwater Paper sees adjusted EBITDA improvement of $115M-$145M in 2-3 years Clearwater Paper says its revised adjusted EBITDA view implies $285M-$335M adjusted EBITDA runrate in 2018. The company said it has updated its adjusted EBITDA target in light of changes in market conditions and divestiture, citing pricing pressure for conventional tissue products, the competitive market environment being a barrier to passing through input cost inflation to customers, and key input costs being up $46M, partly offset by improved paperboard pricing. Guidance in slides for investor conference presentation.