Clearwater Paper Reports Q2 Loss Amid Pricing Pressures and Maintenance Costs
Clearwater Paper Corporation (NYSE:CLW) reported a second-quarter net loss from continuing operations of $21 million, or $1.33 per diluted share, driven by lower market pricing, maintenance costs at its Lewiston facility, and Iran-related expenses. Despite an 8% increase in shipment volumes to $375 million in revenue, the company recorded negative adjusted EBITDA of $8 million. The firm announced two price increases for solid bleached sulfate (SBS) paperboard totaling $60 per ton each, expecting a $50–$60 million annualized benefit. Clearwater also reduced net debt by $59 million in the quarter and expects positive free cash flow for 2026 due to insurance recoveries and tax refunds. Looking ahead, management anticipates improved market conditions with third-quarter adjusted EBITDA guidance of $20–$30 million and maintained full-year revenue expectations between $1.4 billion and $1.5 billion.
Tickers: $CLW
Topics: cost management ebitda financial performance net loss pricing trends