Clearwater Paper’s Q3 2025: Sales Rise Amid Challenges

Clearwater Paper Corp ( (CLW) ) has released its Q3 earnings. Here is a breakdown of the information Clearwater Paper Corp presented to its investors.

Clearwater Paper Corporation is a leading independent supplier of bleached paperboard in North America, providing sustainable packaging solutions for consumer goods and food service applications. In its third quarter of 2025, Clearwater Paper reported net sales of $399 million, a slight increase from the previous year, driven by a 3% rise in shipment volumes. However, the company faced a net loss of $53 million, primarily due to a significant non-cash goodwill impairment charge. Despite these challenges, the company achieved an adjusted net loss of $8 million, showing improvement from the previous year’s adjusted net loss. Key financial metrics for the third quarter included an adjusted EBITDA of $18 million, a decrease from the previous year, attributed to maintenance costs and reduced sales prices, although these were partially offset by higher sales volumes and cost reduction efforts. The company successfully completed major maintenance at its Lewiston mill and is on track to exceed its fixed cost reduction targets for the year. Looking ahead, Clearwater Paper remains focused on reducing fixed costs and maintaining market share amidst an oversupplied market, with management optimistic about generating significant cash flows and strong returns on capital in the long term.