The earnings call reflects a company navigating through challenging industry conditions with strong internal performance. Despite market-driven pricing declines and increased maintenance costs, Clearwater Paper is making strategic investments and cost reductions that position it well for long-term growth. The expansion into new paperboard markets and successful capital projects highlight their proactive approach. However, industry-wide challenges, including decreased shipments and utilization rates, suggest caution in the near term.

Company Guidance -

Q4 2025

During the Clearwater Paper Second Quarter 2025 Earnings Call, the company provided guidance for the rest of the fiscal year, highlighting several key metrics. The company reported a net sales increase of 14% year-over-year to $392 million, primarily driven by the Augusta acquisition and increased shipments in their food service business, despite a 3% decline in pricing from the previous year. Adjusted EBITDA for the quarter was $40 million, within their guidance range of $35 million to $45 million, resulting in an adjusted EBITDA margin of 10.2%. Clearwater Paper also achieved $30 million to $40 million in fixed cost reductions, with SG&A expenses reduced to 6.7% of net sales. For the full year 2025, the company expects revenue between $1.5 billion and $1.6 billion, with capital expenditures anticipated to be $80 million to $90 million. The company plans to execute major maintenance at its Lewiston mill, with direct costs estimated at $23 million to $25 million, impacting third-quarter production volumes by approximately 5%. Adjusted EBITDA for the third quarter is projected to be between $10 million and $20 million. Clearwater Paper continues to focus on operational execution, cost reduction, and maintaining a strong balance sheet while navigating challenging industry conditions.

Strong Second Quarter Performance

Clearwater Paper delivered $40 million of adjusted EBITDA in Q2 2025, which was within their guidance range of $35 million to $45 million. Net sales were $392 million, up 14% year-over-year, driven by the Augusta acquisition and increased shipments.

Successful Cost Reduction Efforts

The company achieved a significant reduction in SG&A expenses, down nearly 14% versus last year, reaching 6.7% of net sales. They are on track to deliver $30 million to $40 million in fixed cost reductions for 2025.

Strategic Share Buybacks

Clearwater Paper repurchased approximately $4 million of outstanding shares in Q2, totaling $18 million since November 2024 under their $100 million authorization.

Capital Project Completion

The company completed a major maintenance outage at the Cypress Bend mill, including a $45 million emissions control device installation, on time and within budget.

Expansion Plans in Paperboard Market

Clearwater is exploring expansion into CUK and CRB paperboard markets, with potential investments and acquisitions to broaden their product offering.

Clearwater Paper (CLW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CLW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 17, 2026	2025 (Q4)	- / -	12.095	―	―	―
Jul 29, 2025	2025 (Q2)	0.70 / 0.17	-1.094	115.54% (+1.26)
Apr 29, 2025	2025 (Q1)	-0.04 / -0.36	1.43	-125.17% (-1.79)
Feb 13, 2025	2024 (Q4)	-0.33 / 12.10	1.35	795.93% (+10.75)
Nov 04, 2024	2024 (Q3)	0.29 / -0.64	2.19	-129.22% (-2.83)
Aug 06, 2024	2024 (Q2)	0.30 / -1.09	1.74	-162.87% (-2.83)
Apr 29, 2024	2024 (Q1)	1.11 / 1.43	1.47	-2.72% (-0.04)
Feb 20, 2024	2023 (Q4)	1.42 / 1.35	-0.3	550.00% (+1.65)
Oct 30, 2023	2023 (Q3)	1.82 / 2.19	1.83	19.67% (+0.36)
Aug 01, 2023	2023 (Q2)	1.18 / 1.74	1.11	56.76% (+0.63)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CLW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$29.44	$24.05	-18.31%
Apr 29, 2025	$25.01	$26.86	+7.40%
Feb 13, 2025	$29.08	$26.65	-8.36%
Nov 04, 2024	$25.22	$28.02	+11.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Clearwater Paper Corp (CLW) report earnings?

Clearwater Paper Corp (CLW) is schdueled to report earning on Feb 17, 2026, After Close (Confirmed).

What is Clearwater Paper Corp (CLW) earnings time?

Clearwater Paper Corp (CLW) earnings time is at Feb 17, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is CLW EPS forecast?

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