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

Clearwater Paper Reports Second Quarter 2026 Results

CLW

Clearwater Paper Corporation reported net sales of $375 million for the second quarter of 2026, a decrease from $392 million in the same period of 2025.
The company recorded a net loss of $21 million, or $1.33 per diluted share, compared to a net income of $3 million, or $0.17 per diluted share, in the second quarter of 2025.
Adjusted EBITDA from continuing operations was negative $8 million for the quarter, contrasting with positive $40 million in the prior-year period, driven by lower market pricing & the timing of the Lewiston, Idaho maintenance outage.
Sales volumes increased 8% to 328,722 tons in the second quarter of 2026, while paperboard average net selling prices decreased 9% to $1,077 per ton.
The company completed its planned major maintenance outage at the Lewiston, Idaho facility on time & on target at a direct cost of $22 million.
A restructuring of the Cypress Bend, Arkansas facility resulted in a 20% reduction in roles & is expected to yield annual savings of $8 million to $12 million.
Net debt was reduced by $59 million during the quarter & $50 million year-to-date, supported by working capital reductions, tax refunds, & insurance proceeds.
For the first six months of 2026, net sales totaled $735 million & the company reported a net loss of $34 million, or $2.13 per diluted share.
Sales volumes for the first six months of 2026 rose 6% to 631,640 tons, while average net selling prices decreased 8% to $1,089 per ton.
CEO Arsen Kitch cited early signs of industry improvement but noted pricing remains below levels needed for acceptable returns.
An earnings conference call to discuss these results was scheduled for July 28, 2026, at 2:00 p.m. Pacific Time.