Business Wire·Feb 18, 2026, 4:05 PM ET

Clearwater Paper Reports Fourth Quarter and Year End 2025 Results

CLW

Clearwater Paper Corporation reported 2025 full-year net sales of $1.6 billion, a 12% increase from 2024 driven by 14% higher volumes from operating the Augusta facility for the full year.
Net loss from continuing operations for 2025 was $53 million ($3.28 per share), primarily due to a $48 million non-cash goodwill impairment, while net income for the fourth quarter 2025 was $38 million ($2.39 per share).
Adjusted EBITDA from continuing operations improved to $107 million for 2025 from $36 million in 2024, driven by over $50 million in fixed-cost reductions including $16 million in SG&A savings.
The company completed the integration of the Augusta mill & separation of the tissue business ahead of schedule & below targeted costs, with all three major maintenance outages completed on target for approximately $50 million.
Sales volumes increased 14% to 1,236,114 tons for 2025, while the average net selling price for paperboard decreased 4% to $1,167 per ton.
In early 2026, severe weather caused production disruptions & higher costs at the Augusta & Cypress Bend facilities, resulting in an estimated $20 million reduction in Adjusted EBITDA.
The company repurchased approximately $17 million of shares in 2025, leaving $79 million remaining of the authorization approved in November 2024.
Management anticipates a medium-term market recovery driven by demand growth, lower imports, & changes in domestic supply despite current industry oversupply.
An earnings conference call & webcast regarding these results is scheduled for February 18, 2026, at 2:00 p.m. Pacific Time.