Clearwater Paper Corp reported second-quarter 2026 results with net sales of $374.8M, a decline from $391.8M in the year-ago quarter, and a net loss of ($21.5M) compared with net income of $2.7M in Q2 2025; diluted loss per share was ($1.33) versus earnings of $0.17 a year earlier.

Financial Highlights

MetricCurrent quarterPrior year quarterYoY changeRevenue¹$374.8M$391.8M(4.3%)Net income²($21.5M)$2.7M(896.3%)Diluted EPS³($1.33)$0.17(882.4%)

¹ Reported as “Net sales”. ² Reported as “Net income (loss)”. ³ Reported as “Net income (loss) per share - basic and diluted”.

Business Highlights

  • Revenue trend: Net sales declined about 4% in Q2 and about 5% year-to-date versus 2025, driven by market price declines despite higher shipment volumes.
  • Channel/product mix: Paperboard shipments rose (paperboard +8% in Q2) while pulp volumes fell (−25% in Q2) largely due to a planned Lewiston outage.
  • Operations: Completed a major maintenance outage at Lewiston in Q2 2026; additional outages at Cypress Bend and Augusta are expected in Q4 2026 and early 2027.
  • Costs and productivity: Cost of sales increased (about 10% in Q2) from outage-related maintenance, higher labor and freight; the company implemented targeted SG&A reductions.
  • Outlook and recoveries: Insurance recoveries and tax refunds boosted operating cash; management expects lower operating costs in Q3 absent major outages but anticipates continued pressure from input and transport costs.

Original SEC Filing:

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