CLW

In April 2026, Clearwater Paper reported Q1 2026 net sales of $360 million, a net loss of $13 million, and Adjusted EBITDA of $2 million, attributed to lower market pricing and severe weather, despite a 5% increase in sales volume. During this quarter, it launched Velora™ paperboard and announced a restructuring at its Cypress Bend facility, expected to reduce roles by 20% and save $8 to $12 million annually. In May 2026, S&P Global Ratings downgraded Clearwater Paper's issuer credit rating to 'CCC+' from 'B+' due to weaker earnings forecasts, free operating cash flow deficits, elevated leverage, persistent pricing pressure, rising input costs, and oversupplied SBS paperboard capacity. For Q2 2026, reported in July, the company announced net sales of $374.8 million (down 4% year-over-year), a net loss of $21.5 million, and negative Adjusted EBITDA of $8.2 million, though paperboard shipments increased by 8% year-over-year. Clearwater Paper also received $32.5 million in insurance proceeds related to the 2024 Augusta acquisition and launched Circa™ Recycled Paperboard in collaboration with Greenpaper. In September 2026, the company refinanced its debt, secured a new credit facility, and released its 2026 Sustainability Report.