Clearwater Paper Corporation Q2 2026 Earnings Call Summary
In its second-quarter earnings call, Clearwater Paper reported an adjusted EBITDA loss of -$8 million due to a decline in market pricing and increased transportation costs linked to the Iran conflict. Despite this, shipment volumes rose by 8% year-over-year, driven primarily by strong performance in the foodservice segment and growth with strategic customers. The company is restructuring its Cypress Bend facility, reducing roles by 20%, as it aligns production capacity with current demand of approximately 1.2 million tons. SBS industry operating rates are expected to improve from low 80% levels in Q1 toward over 90% by year-end due to reduced industry output. Looking ahead, Clearwater expects a $50–60 million annual EBITDA improvement from recent price increases and RISI index changes. The company also aims for cross-cycle EBITDA margins of 13-14%, with plans to generate over $100 million in free cash flow annually.
Tickers: $CLW
Topics: ebitda performance market dynamics operational restructuring paper industry