Clearwater Paper (CLW) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-1.32

Last Year’s EPS

-0.36

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced picture: Clearwater Paper delivered strong operational execution in 2025—notably a 12% sales increase, 14% shipment growth, a $107M adjusted EBITDA (up $71M), >$50M in fixed cost reductions, lower SG&A (6.5% of sales) and maintained >$400M liquidity—while also outlining substantial near-term market challenges. Key headwinds include a large industry supply overhang (500k+ tons added), an estimated ~$70M pricing headwind for 2026, a full-year net loss driven by a goodwill impairment, and Q1 operational/weather-related costs of $15–20M. Management emphasized cost discipline, potential price increases, product diversification (VOLURA, possible CUK conversion) and willingness to take downtime to rebalance supply, but retained caution on demand recovery and near-term profitability.

Company Guidance

The company’s 2026 guidance calls for revenue of $1.4–$1.5 billion with flat-to-modest shipment growth, assumes a roughly $70 million pricing headwind carried from 2025, expects net productivity to offset 2–3% of input cost inflation, plans capital expenditures of $65–$75 million, targets a ~$20 million working capital improvement (back‑half weighted) and SG&A of 6–7% of sales, and expects first‑quarter adjusted EBITDA to be approximately breakeven after $15–$20 million of weather‑related incremental costs (Q1 shipments flat to slightly lower, Q1 pricing down $10–$12 million from Q4 RISI moves, and Q1 maintenance expense $11–$13 million lower versus Q4 with no major outages). For context, management has implemented price increases of $60/ton for cup grades and $50/ton for other non‑RISI‑tied volume (~50% of volume), cites RISI’s forecast of SBS operating rates rising to ~90% with +$60/ton in 2026 (+$130/ton by 2027), and expects to return to cross‑cycle EBITDA margins of 13–14% and >$100 million of annual free cash flow long term; FY2025 results included adjusted EBITDA of $107 million, net sales of $1.6 billion (+12% y/y), Q4 adjusted EBITDA of $20 million, total 2025 outage spending of $50 million (Augusta Q4 outage $17 million), >$50 million of fixed cost reductions (incl. $16 million SG&A), SG&A at 6.5% of sales (down from 8.4%), liquidity >$400 million, $17 million in repurchases with $79 million remaining authorization, and an initial $23 million insurance settlement (of a $105 million limit) with ~$75 million of coverage remaining.

Successful Transformation and Integration

Completed first full year operating as a paperboard-focused business; successfully integrated the Augusta Mill and completed separation of the tissue business ahead of schedule, enabling higher shipments and portfolio focus.

Net Sales Growth

Full-year net sales of $1,600,000,000, an increase of 12% year-over-year driven primarily by operating the Augusta Mill for a full year.

Shipment Increase

Shipments increased approximately 14% year-over-year, primarily attributable to the Augusta Mill contribution.

Adjusted EBITDA Improvement

Adjusted EBITDA from continuing operations was $107,000,000 for the full year, up $71,000,000 versus prior year (an increase of ~197% versus the prior-year base of ~$36M), driven by cost control, higher volumes and lower input costs.

Material Fixed Cost and SG&A Reductions

Delivered more than $50,000,000 in fixed cost reductions including $16,000,000 in SG&A savings; SG&A declined to 6.5% of net sales from 8.4% in 2024 (a ~1.9 percentage-point improvement).

Improved Outage Execution and Lower Maintenance Spend

Completed all three major maintenance outages on schedule with total direct costs of $50,000,000 for the year, significantly lower than 2024 due to improved planning and execution.

Strong Liquidity and Balance Sheet

Ended the year with more than $400,000,000 in liquidity, supporting options to maintain flexibility (including refinancing 2020 notes due August 2027).

Insurance Recovery and Q4 Results

Received initial representation & warranty insurance settlement of $23,000,000 (with $6,000,000 related to 2025 operating costs) and Q4 net income from continuing operations of $3,000,000 ($0.20 per diluted share). Q4 adjusted EBITDA from continuing operations was $20,000,000, above the guidance midpoint.

Product & Growth Initiatives

Preparing to launch VOLURA lightweight paperboard in Q2 and completed engineering feasibility for a potential CUK conversion at Cypress Bend (estimated $60,000,000 capex, 12–18 month timeline) targeting 100,000–150,000 tons capture; continuing evaluation of CRB additions.

Capital Allocation Discipline

Repurchased $17,000,000 of shares in 2025 and retains $79,000,000 remaining under authorization; 2026 planned capex $65,000,000–$75,000,000 and expected working capital improvement of ~$20,000,000.

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

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CLW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2026	2026 (Q1)	-1.32 / -	-0.36	―	―	―
Feb 18, 2026	2025 (Q4)	-0.56 / -0.42	12.095	-103.47% (-12.52)
Oct 28, 2025	2025 (Q3)	-0.53 / -0.51	-0.64	20.31% (+0.13)
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)

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
Feb 18, 2026	$16.94	$15.36	-9.33%
Oct 28, 2025	$19.31	$17.66	-8.54%
Jul 29, 2025	$29.44	$24.05	-18.31%
Apr 29, 2025	$25.01	$26.86	+7.40%

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 May 05, 2026, After Close (Confirmed).

What is Clearwater Paper Corp. (CLW) earnings time?

Clearwater Paper Corp. (CLW) earnings time is at May 05, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CLW EPS forecast?

CLW EPS forecast for the fiscal quarter 2026 (Q1) is -1.32.