Clearwater Paper Reports Q3 2026 Results Amid Augusta Mill Disruptions and Debt Refinancing
Clearwater Paper (CLW) reported third-quarter 2026 net sales of $385 million, a 4% decrease year-over-year due to lower market pricing. Despite operational challenges at the Augusta mill involving electrical and mechanical failures, the company achieved an adjusted EBITDA of $24.4 million, falling within management's previously issued guidance range. The company successfully completed a debt refinancing, securing a new $275 million term loan and a $200 million revolving facility to extend maturities to 2031. Additionally, Clearwater Paper is leveraging $17.5 million in insurance recoveries from the Augusta acquisition to reduce net debt, which currently stands at $260.7 million. Looking ahead, management is pivoting toward new market opportunities in Coated Unbleached Kraft (CUK) and implementing price increases expected to yield a $70 million annual benefit. However, Q4 guidance remains cautious due to seasonal energy costs and ongoing operational issues at the Augusta facility.
Tickers: $CLW
Topics: adjusted EBITDA debt refinancing guidance insurance recoveries net sales
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Part of the story Clearwater Paper Refinances Debt and Navigates Augusta Mill Repairs (4 articles)