Clearwater Paper CEO Arsen Kitch Says We Expects Continued Strength In Tissue Performance This Year And Recovery In Paperboard Demand; Believes Customer De-stocking Is Now Largely Behind; Looking Forward To Completing Augusta Acquisition And Personally Welcoming Augusta Team To Clearwater Paper
Portfolio Pulse from Benzinga Newsdesk
Clearwater Paper's CEO, Arsen Kitch, anticipates ongoing strength in tissue performance and a rebound in paperboard demand for the current year. He also believes that customer de-stocking has largely concluded. Additionally, Kitch expressed enthusiasm about finalizing the acquisition of Augusta and welcoming their team to Clearwater Paper.
April 29, 2024 | 8:08 pm
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Clearwater Paper's CEO projects continued strength in tissue performance and a recovery in paperboard demand, alongside the completion of the Augusta acquisition.
The CEO's positive outlook on tissue performance and paperboard demand suggests a strong operational year ahead for Clearwater Paper. The completion of the Augusta acquisition is likely to enhance the company's market position and product offerings, potentially leading to increased investor confidence and stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100