Clearwater Paper Corp., of Spokane, announced this afternoon second-quarter net income of $12.5 million, or 61 cents a diluted share, up from $11.7 million, or 52 cents a share, in the year-earlier quarter.

The company reported $498.8 million in sales for the second quarter, up 6 percent compared with $471 million during the year-earlier period.

Linda K. Massman, president and CEO of Clearwater Paper, said in a press release, “The pulp and paperboard and consumer products divisions both delivered solid results in the second quarter.”

She added that demand for paperboard products remains strong and gives the company a positive outlook for the rest of the year.

Also, during the second quarter, Clearwater repurchased 700,000 shares of its common stock at a total cost of $45 million. The company’s board of directors had approved a stock repurchase program last February through which the company plans to buy back $100 million worth of stock.