CLW · Clearwater Paper Corp
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Clearwater Paper reported Q2 net sales of $375M with 8% volume growth offset by 9% pricing declines, producing negative Adjusted EBITDA of $8M (within guidance) and a $21M net loss, while guiding Q3 Adjusted EBITDA to $20–30M and outlining structural cost actions and an industry recovery that supports a $50–60M annualized EBITDA benefit from price increases.
- + Q3 2026 Adjusted EBITDA guided to $20–30M with no planned major outages
- + Implemented $60/ton price increase in June and announced second $60/ton increase for August, expected to drive $50–60M annualized EBITDA improvement
- + 8% year-over-year shipment volume growth in Q2, sold out across network
- + Cypress Bend restructuring expected to drive $8–12M annualized savings and reduce network capacity to 1.2M tons
- + Early SBS industry recovery signals: 6% YTD volume growth, imports down 11%, operating rates rising to 88% in Q2 and 90%+ by year-end
- + Launched CERCA, a new CRB product line distributed through Clearwater but manufactured by Green Paper
- − Q2 Adj. EBITDA was negative $8M vs. positive $40M in Q2 2025, with Q2 net loss of $21M ($1.33/share)
- − Paperboard average net selling price fell 9% YoY to $1,077/ton, with ~$70M carryover headwind expected in 2026
- − Iran conflict expected to drive $20–25M full-year cost headwind from chemicals and transportation
- − Margins remain ~10% below cross-cycle reinvestment economics despite recent price improvement
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA from continuing operations non-GAAP | -$8.2M | Quarter Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) -$21.5M
+$0M Less: loss from discontinued operations, net of tax
-$8.6M Income tax provision (benefit)
+$5.1M Interest expense, net
+$23.2M Depreciation and amortization
-$7.5M Other operating charges, net
+$1.1M Other non-operating expense
= Adjusted EBITDA from continuing operations -$8.2M
|
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| Paperboard sales price | $1,077 | Quarter Ended June 30, 2026 filing | — |
| Paperboard shipments | 328,722 | Quarter Ended June 30, 2026 filing | — |
| Pulp sales price | $557 | Quarter Ended June 30, 2026 filing | — |
| Pulp shipments | 29,313 | Quarter Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Paper & Paper Products — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CLW
this stock
Clearwater Paper Corp
|
$311.54M | +11.8% | +12.4% | — | 4.2% |
|
SUZ
Suzano S.A.
|
$10.70B | -11.1% | — | — | 1.0% |
|
SLVM
Sylvamo Corp
|
$1.43B | -31.1% | -11.2% | 19.3 | 7.3% |
|
MERC
Mercer International Inc.
|
$21.45M | -83.7% | +25.5% | — | 8.2% |
|
ITP
It Tech Packaging, Inc.
|
$2.64M | -33.8% | -12.4% | — | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CLW | -4.1% | -7.0% | +30.7% | +1.5% | +11.8% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -3.6% | -6.9% | +18.3% | +1.3% | -0.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.