Clearwater Paper Corporation (CLW)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 144,100 | 111,500 | 103,400 | 82,600 | 73,000 | 96,800 | 58,900 | -28,500 | -35,800 | -21,800 | 7,900 | 109,400 | 110,600 | 85,400 | 34,400 | 4,100 | -7,900 | -195,597 | -137,778 | -131,207 |
| Revenue (ttm) | US$ in thousands | 2,082,800 | 2,096,700 | 2,115,600 | 2,117,400 | 2,080,200 | 2,043,200 | 1,954,900 | 1,834,900 | 1,772,600 | 1,735,500 | 1,742,400 | 1,816,600 | 1,868,600 | 1,851,400 | 1,839,200 | 1,810,600 | 1,761,500 | 1,754,689 | 1,735,949 | 1,716,048 |
| Pretax margin | 6.92% | 5.32% | 4.89% | 3.90% | 3.51% | 4.74% | 3.01% | -1.55% | -2.02% | -1.26% | 0.45% | 6.02% | 5.92% | 4.61% | 1.87% | 0.23% | -0.45% | -11.15% | -7.94% | -7.65% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $144,100K ÷ $2,082,800K
= 6.92%
Clearwater Paper Corp's pretax margin has shown fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin stood at 6.92%, showing an improvement from the previous quarter's 5.32%. This upward trend indicates an enhancement in the company's ability to generate profits before accounting for taxes.
Comparing with the same quarter a year ago, Q4 2022, where the pretax margin was 3.51%, the current figure represents a significant increase, reflecting a better financial performance. The positive trend in pretax margin over the past year demonstrates efficiency in managing costs and increasing revenue.
Although there were instances of decline in pretax margin, such as in Q2 2022 when it was 3.03% and in Q1 2022 when the margin was -1.55%, the company has shown resilience by recovering and improving its margin in subsequent quarters.
Overall, Clearwater Paper Corp's pretax margin has shown variability, but the recent uptrend suggests efforts to enhance profitability and operational efficiency. It is essential for the company to continue monitoring and managing its margins effectively to sustain and build upon the positive momentum observed in recent quarters.