Business Wire·Apr 28, 2026, 4:05 PM ET

Clearwater Paper Reports First Quarter 2026 Results

CLW

Clearwater Paper Corporation reported a net loss of $13 million ($0.80 per diluted share) for the first quarter of 2026, compared to a net loss of $6 million ($0.38 per diluted share) in the same period in 2025.
Net sales for the quarter totaled $360 million, a 5% decrease from $378 million in the prior year, driven by lower market pricing despite a 5% increase in sales volume to 302,918 tons.
Adjusted EBITDA from continuing operations declined to $2 million from $30 million in the first quarter of 2025, primarily due to reduced pricing \& severe weather impacts in the Southeast.
The company announced a restructuring of its Cypress Bend, Arkansas facility in April, resulting in a 20% workforce reduction \& expected annual savings of $8 million to $12 million.
Clearwater Paper launched Velora™, a new lightweight folding carton paperboard designed for higher yield \& dependable performance in everyday packaging.
The company received $17 million in additional representation \& warranty insurance proceeds while pursuing claims against a remaining $50 million policy limit.
Paperboard average net selling price decreased 7% to $1,101 per ton in the first quarter of 2026 from $1,188 per ton in the first quarter of 2025.
CEO Arsen Kitch noted that operating rates \& rising input costs are currently not supporting long-term capital investments, though the company anticipates a medium-term recovery driven by demand growth \& lower imports.
The company held $36.5 million in cash \& cash equivalents as of March 31, 2026, compared to $30.7 million at the end of 2025.
An earnings conference call to discuss these results was scheduled for April 28, 2026, at 2:00 p.m. Pacific Time with a live webcast available on the company website.