Business Wire·Oct 28, 2025, 4:05 PM ET

Clearwater Paper Reports Third Quarter 2025 Results

CLW

Clearwater Paper reported third-quarter 2025 net sales of $399 million, a 1% increase driven by 3% higher shipment volumes but partially offset by lower pricing.
The company recorded a net loss of $53 million ($3.30 per share) for the quarter, compared to a net income of $6 million ($0.35 per share) in the same period last year, primarily due to a $45 million non-cash goodwill impairment charge.
Adjusted net loss from continuing operations improved to $8 million ($0.51 per share) from $11 million ($0.64 per share) in the prior year quarter.
Adjusted EBITDA from continuing operations was $18 million for the third quarter, down from $21 million in the third quarter of 2024, due to the timing of the Lewiston mill maintenance outage \& reduced sales prices.
Clearwater successfully completed a major maintenance outage at its Lewiston, Idaho mill at a direct cost of approximately $24 million.
The company is on track to achieve nearly $50 million in fixed cost reductions for 2025, exceeding its initial target of $30 to $40 million.
For the first nine months of 2025, net sales reached $1.2 billion with sales volumes increasing 19% to 918,399 tons, while average selling prices decreased 4% to $1,176 per ton.
The goodwill impairment of $48 million resulted from a decline in market capitalization relative to the book value increase following the Tissue business divestiture in late 2024.
Clearwater Paper will hold an earnings conference call on October 28, 2025, at 2:00 p.m. Pacific Time to discuss these results.
The CEO noted that while the SBS market remains oversupplied, the company remains focused on cost reduction efforts \& maintaining market share to generate long-term cash flows.