* Sees Q3 sales $345-$360 mln vs est of $351.3 mln
* Sees Q3 adj EBITDA comparable to last year
Oct 12 Clearwater Paper (CLW.N), which is
buying Cellu Tissue Holdings Inc CLU.N, said third-quarter
sales likely rose 4-9 percent and earnings were expected to be
flat from a year ago.
The tissue and paperboard products company, announcing
preliminary third-quarter results, said sales were $345-$360
million, versus $331.5 million. Two analysts currently expect
Clearwater to report sales of $351.3 million, according to
Thomson Reuters I/B/E/S.
The company also said adjusted earnings before interest,
taxes, depreciation and amortization (EBITDA) for the
July-September period were comparable to the year-ago number.
Clearwater had reported EBITDA of $42.1 million in last
year's third quarter, and analysts expect it to report an
EBITDA of $43.9 million for the latest third quarter.
Last month, Clearwater had agreed to buy debt-laden Cellu
Tissue for about $247 million, to expand into eastern United
Shares of the company, which have almost tripled from a May
year-low, and have risen 10 percent since the Cellu Tissue
deal, closed at $79.2 Monday on the New York Stock Exchange.
(Reporting by Adveith Nair in Bangalore; Editing by Aradhana