CLW

Clearwater Paper's stock has experienced significant underperformance, declining approximately 44% since mid-2024, while the S&P 500 saw a rise of nearly 17% during the same period. In April 2026, the company reported its First Quarter results, showing a 5% increase in paperboard volumes but a 7% drop in average selling price per ton, and a severe weather event negatively impacted Adjusted EBITDA and net loss from continuing operations. In April 2026, Clearwater Paper announced a reduction in SBS production at its Arkansas facility. In March 2026, the company launched Velora™ Lightweight Paperboard. In February 2026, Clearwater Paper released its Fourth Quarter and Year-End 2025 results and participated in the Bank of America Global Agricultural and Materials Conference. In late 2025/early 2026, Clearwater Paper restructured its Cypress Bend, Arkansas facility, leading to a reduction of approximately 20% of salaried and hourly roles, with an expectation of $8 million to $12 million in annualized cost savings. In February 2026, the company provided earnings guidance for fiscal year 2026, projecting revenue between $1.4 billion and $1.5 billion.