Quarterly ResultApr 28, 2026, 04:13 PM
CLW Q1 Net Sales $360M, Net Loss $13M; Cypress Bend Restructuring
AI Summary
Clearwater Paper Corp reported Q1 2026 net sales of $360 million, a decrease from $378 million in the prior year, alongside a net loss of $13 million and Adjusted EBITDA of $2 million, both significantly lower than Q1 2025 due to lower market pricing and severe weather. The company announced a restructuring at its Cypress Bend facility, reducing approximately 20% of roles for expected annual savings of $8-12 million. Additionally, CLW launched a new paperboard product, VeloraTM, and received $17 million in insurance proceeds.
Key Highlights
- Announced restructuring of Cypress Bend facility, reducing ~20% of roles for $8-12M annual savings.
- Net sales of $360 million in Q1 2026, down from $378 million in Q1 2025.
- Net loss of $13 million ($0.80 per diluted share) vs. $6 million ($0.38 per diluted share) in Q1 2025.
- Adjusted EBITDA from continuing operations was $2 million, down from $30 million in Q1 2025.
- Sales volumes increased 5% to 302,918 tons in Q1 2026.
- Paperboard average net selling price decreased 7% to $1,101 per ton.
- Received $17 million in additional representation and warranty insurance proceeds.
- Launched VeloraTM, a new lightweight folding carton paperboard.