Clearwater Paper Corp — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Clearwater Paper reported Q2 2026 net sales of $375M (vs. $392M in Q2 2025), a net loss of $21.5M or $1.33/diluted share (vs. $3.6M profit or $0.22/share in Q2 2025), and negative Adjusted EBITDA of $8.2M (vs. positive $39.9M in Q2 2025). The company experienced a 9% decline in average net selling price to $1,077/ton (from $1,182/ton) offset by 8% volume growth to 328,722 tons. The Lewiston, Idaho major maintenance outage cost $22M and occurred in Q2 2026 (vs. Q3 2025 prior year), and the Cypress Bend facility was restructured with ~20% of roles cut and expected annual savings of $8–$12M. Net debt decreased $59M in the quarter to $266.8M through working capital reductions, tax refunds, and insurance proceeds.
Why this rating
Major pricing collapse (-9%) and outage timing caused large swing to loss; restructuring is cost-control, not growth. Event material to company scale but cyclical recovery underway.
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