Clearwater Paper(NYSE) CLW

Clearwater Paper Corporation makes paper products people use at home. It helps stores stock shelves with tissue and paper towels. The company also creates paperboard for boxes and food containers.

Everyday Paper and Packaging

• Consumer Products: Household paper goods including bath tissues, paper towels, facial tissues, and napkins for major retail and wholesale channels.
• Pulp and Paperboard: Materials for folding cartons, liquid packaging, cups, plates, and commercial printing papers; serves packaging converters and general merchants.
• Custom Processing: Tailored services including custom sheeting, slitting, and cutting of paperboard to meet specific customer requirements.
• Recycled Solutions: Economical recycled fiber products and tissue solutions designed for commercial and institutional use away from home.

Acquisitions and Recent Milestones

• Acquired the Augusta, Georgia, mill from Graphic Packaging International to expand production capacity.
• Notified insurance carriers in 2025 of alleged breaches regarding representations and warranties from the Augusta acquisition.
• Received $32.5 million in insurance proceeds during the first six months of 2026 related to the Augusta acquisition claims.
• Reduced selling, general, and administrative expenses by 19% in the second quarter of 2026 through planned cost-saving efforts.

Operational Strengths and Specialized Care

Clearwater Paper maintains a dual-segment structure that serves both the industrial packaging market and the retail consumer goods sector. The company manages complex operational cycles by performing planned major maintenance outages across its facilities in Idaho, Arkansas, and Georgia.

Performance at a Glance

• Net sales reached $374.8 million for the quarter ended June 30, 2026, down 4% year over year.
• Net loss was $21.5 million for the quarter ended June 30, 2026, compared to a net income of $2.7 million in the prior year.
• Adjusted EBITDA from continuing operations was negative $8.2 million for the quarter ended June 30, 2026. This metric measures earnings before interest, taxes, and other non-cash charges.
• Paperboard shipments rose to 328,722 short tons for the quarter ended June 30, 2026, up 8% year over year.
• Capital expenditures are expected to be between $65 million to $75 million for the 2026 fiscal year.

Bottom Line

Clearwater Paper has evolved through strategic acquisitions and targeted cost-management initiatives. The company maintains a balanced position as a provider of private-label consumer tissues and industrial paperboard for the packaging industry.