Clearwater Paper (NYSE:CLW ) Q2 shows an ~30% surge in topline, revenue at $526M beating estimates by $27.33M.

Company credits the strong performance to continued strength in paperboard and improvements in tissue; higher pricing in both businesses helped offset inflation.

By segment: Pulp and Paperboard Products revenue was up 30% Y/Y; Consumer Products revenue up 29%

Reduced net debt by $68M and nearly $100M YTD, achieved leverage target

Net income of $15 million, or $0.86 GAAP EPS.

Non-GAAP EPS of $1.11 missed consensus by $0.03 .

CEO and president Arsen Kitch commented: "Inflation remains a key theme in both of our businesses and is expected to persist into the third quarter. We are continuing with our efforts to offset these cost pressures with operational improvements and pricing. In addition, our focus on cashflow generation has enabled us to achieve our leverage target and we expect to discuss our capital allocation priorities later in the year."

Buy rating on the stock by contributor who says: 'Eventually, financial performance is likely to take a step back, but shares are incredibly cheap and current performance is robust.'

Previously (Aug. 2): Clearwater Paper Non-GAAP EPS of $1.11 misses by $0.03, revenue of $526M beats by $27.33M