Business Wire·Oct 26, 2026, 4:05 PM ET

Clearwater Paper Reports Third Quarter 2026 Results

CLW

Clearwater Paper Corporation reported third-quarter 2026 net sales of $385 million, a decrease from $399 million in the same period of 2025.
The company recorded a net loss of $2 million ($0.10 per diluted share) for the quarter compared to a net loss of $53 million ($3.30 per share) in the prior year.
Adjusted EBITDA from continuing operations increased to $24 million in Q3 2026 from $18 million in Q3 2025, driven by the timing of the Lewiston, Idaho maintenance outage.
Average selling prices improved by $34 per ton compared to the second quarter of 2026 due to announced price increases and sales mix improvements.
Net debt was reduced by $56 million year-to-date through working capital reductions, tax refunds, and $17.5 million in representation and warranty insurance proceeds.
The company executed a full debt refinancing, meaningfully extending debt maturities.
Operations were impacted by a significant disruption at the Augusta mill in late Q3 2026, which caused negative volume and cost impacts.
Sales volumes for the quarter were 322,265 tons, a 1% decline from the 324,198 tons sold in Q3 2025.
Paperboard average net selling price decreased 4% to $1,111 per ton in Q3 2026 compared to $1,160 per ton in Q3 2025.
For the first nine months of 2026, net sales were $1.1 billion with a net loss of $36 million ($2.23 per share), compared to $1.2 billion in sales and a $56 million loss ($3.47 per share) in 2025.
Adjusted EBITDA for the first nine months of 2026 was $18 million, down from $87 million in the same period of 2025 due to Q1 weather events and reduced sales prices.
CEO Arsen Kitch expressed optimism about industry recovery while noting ongoing cost headwinds in transportation and chemicals.
An earnings conference call to discuss results is scheduled for October 26, 2026, at 2:00 p.m. Pacific Time.