Clearwater Paper Corporation Q3 2025 Financial Results

Clearwater Paper Corporation reported its financial results for the third quarter ended September 30, 2025. The company announced a net loss of $53 million, or $3.30 per diluted share, compared to net income of $6 million, or $0.35 per diluted share in the same quarter of 2024. The loss was primarily driven by a $45 million non-cash goodwill impairment. Adjusted net loss from continuing operations was $8 million, or $0.51 per diluted share, compared to an adjusted net loss of $11 million, or $0.64 per diluted share in the prior year quarter. Adjusted EBITDA from continuing operations was $18 million, down from $21 million in the third quarter of 2024. The company attributed the decrease to lower pricing and the timing of a major maintenance outage, partially offset by higher sales volumes and cost reduction efforts. Clearwater Paper also announced a leadership change, with Steve Bowden transitioning to Senior Vice President, Commercial effective January 1, 2026.