Earnings Releases·Oct 26, 2026, 4:06 PM ET

Clearwater Paper — Third Quarter 2026 Earnings Summary

Net sales declined 3% year-over-year to $385 million for the quarter, while net loss narrowed significantly to $2 million ($0.10/share) from $53 million ($3.30/share) in the prior-year period; Adjusted EBITDA rose to $24 million from $18 million.
Full-year net sales fell 8% to $1.1 billion with a net loss of $36 million, and nine-month Adjusted EBITDA dropped to $18 million from $87 million, though sales volumes increased 4% year-to-date to 953,906 tons.
Management executed a full debt refinancing to extend maturities, reduced net debt by $56 million year-to-date, and received $17.5 million in additional representation and warranty insurance proceeds.
The Augusta mill experienced a significant operational disruption late in the quarter affecting volumes and costs, though management reports progress in returning to normal operations and notes that price increases are being implemented to offset rising transportation and chemical costs.
Future outlook remains optimistic regarding SBS industry recovery and pricing trends, with the company aiming to return to cross-cycle Adjusted EBITDA margins and cash flows despite current competitive pressures.