Every 8-K that Clearwater Paper Corporation (CLW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CLW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CLW filings page.
Clearwater Paper Corp (CLW) reported third-quarter 2026 net sales of $384.9 million, versus $399.0 million a year earlier, and a net loss from continuing operations of $1.6 million, compared with $53.9 million. Adjusted EBITDA from continuing operations was $24.4 million, up from $17.8 million. For the first nine months, net sales were $1.12 billion and adjusted EBITDA was $18.0 million, versus $1.169 billion and $87.4 million, respectively, in 2025.
An operational disruption at the Augusta mill affected volumes and costs late in the quarter; the company said issues continued into October and it was making progress returning the mill to normal operations. Clearwater Paper reported $17.5 million in additional representation and warranty insurance proceeds, a $56 million year-to-date net-debt reduction, and refinancing of all debt with maturities extended to 2031. Its Q4 2026 Adjusted EBITDA outlook is $10 million to $20 million. Senior Vice President and Chief Financial Officer Sherri Baker intends to resign, effective at the close of business November 13, 2026.
Clearwater Paper Corporation (CLW) entered into a Second Amended and Restated Credit Agreement on September 18, 2026, establishing a $200 million Revolving Loan Facility and a $275 million Term Loan Facility, both secured by substantially all personal property and, after post-closing steps, key real property including mills in Georgia, Arkansas, and Idaho. The term loan was fully drawn and $15 million was drawn on the revolver at closing, with an initial interest rate of 8.25% per annum, and maturity on September 18, 2031.
The company used these borrowings to fund the full redemption of $275 million of 4.750% Senior Notes due 2028, pay accrued and unpaid interest of $1.7 million through the October 3, 2026 redemption date, and repay and terminate its ABL Credit Agreement. The term loan amortizes with annual principal payments of $5.5 million starting December 1, 2027. The revolver includes a $10 million letter-of-credit sublimit and an uncommitted $100 million increase option after delivery of 2027 year-end financials. Financial covenants require a minimum Debt Service Coverage Ratio rising to 3.00:1.00 and a minimum current ratio of 1.75:1.00.
Clearwater Paper Corporation reported softer Q2 2026 results, with net sales of $374.8 million versus $391.8 million in Q2 2025 as lower pricing more than offset an 8% increase in sales volumes to 328,722 tons. The company recorded a net loss from continuing operations of $21.5 million, or $(1.33) per diluted share, compared with income of $3.6 million, or $0.22 per share, a year earlier. Non‑GAAP Adjusted EBITDA from continuing operations was a loss of $8.2 million, down from positive $39.9 million, reflecting lower paperboard pricing and the timing of a planned major maintenance outage at the Lewiston, Idaho mill that had direct costs of $22 million.
The company restructured its Cypress Bend, Arkansas facility, cutting about 20% of roles and targeting $8–$12 million of annual savings, and reduced net debt to $266.8 million at June 30, 2026 from $316.7 million at December 31, 2025, supported by lower working capital, tax refunds and insurance proceeds. For the first six months of 2026, net sales were $735.1 million and Adjusted EBITDA from continuing operations was $(6.4) million, compared with $770.0 million and $69.6 million, respectively, in 2025. Management projects Q3 2026 Adjusted EBITDA of $20–$30 million and full‑year 2026 revenue of $1.4–$1.5 billion, assuming flat shipments versus Q2, benefits from price increases and total 2026 major maintenance costs of $32–$35 million.
Clearwater Paper Corporation reported results from its 2026 Annual Meeting and related governance actions. Stockholders approved the 2026 Stock Incentive Plan, creating a new reserve of 2,000,000 shares for equity awards, replacing the unused shares under the prior plan. The board and stockholders also approved a Restated Certificate of Incorporation adding officer exculpation provisions permitted by Delaware law, and amended bylaws to add an exclusive forum clause and update shareholder director-nomination procedures. Six directors were elected, KPMG LLP was ratified as independent auditor for 2026, and named executive officer compensation received majority support in an advisory vote.
Clearwater Paper Corporation reported a weaker first quarter of 2026, as lower market pricing and a severe weather event outweighed higher volumes. Net sales were $360.3 million, down from $378.2 million a year earlier, and the company posted a net loss from continuing operations of $12.8 million, or $0.80 per share, versus a $5.9 million loss, or $0.36 per share, in 2025.
Adjusted EBITDA from continuing operations fell sharply to $1.9 million from $29.8 million, reflecting weaker pricing and weather-related disruption, partly offset by cost reductions and insurance proceeds, including $17 million of additional representation and warranty insurance. Sales volumes rose 5% to 302,918 tons, but average paperboard pricing declined 7% to $1,101 per ton.
The company is restructuring its Cypress Bend, Arkansas facility, cutting about 20% of roles and targeting $8–$12 million in annual savings, with a $6 million benefit expected in 2026. Management guides second-quarter 2026 Adjusted EBITDA to a range of $0 to -$10 million, citing a major planned outage at Lewiston and higher input costs, while full-year 2026 revenue is projected between $1.4 billion and $1.5 billion.
Clearwater Paper reported 2025 net sales of $1.6 billion, up 12% from 2024, driven by a 14% increase in paperboard volumes, mainly from running the Augusta mill for a full year. Despite this, it recorded a $53 million net loss from continuing operations, or -$3.28 per diluted share, largely due to a $48 million non-cash goodwill impairment.
Adjusted EBITDA from continuing operations rose sharply to $107.2 million from $36.0 million, helped by over $50 million in fixed-cost reductions, including $16 million of SG&A savings, and lower input costs, partially offset by weaker pricing. In Q4 2025, net sales were $386.4 million, essentially flat year over year, while Adjusted EBITDA improved to $19.8 million from $9.5 million.
The company highlighted severe early-2026 weather at its Augusta and Cypress Bend facilities, estimating around a $20 million hit to Adjusted EBITDA, and guided to roughly breakeven Adjusted EBITDA in Q1 2026. For 2026, it assumes revenue of $1.4–$1.5 billion, capacity utilization in the mid-80% range, major maintenance costs of $45–$50 million, and capital expenditures of $65–$75 million, while targeting working capital improvements and maintaining a net leverage ratio near 2.5x.
Clearwater Paper Corporation furnished an update on its third-quarter 2025 performance. The company announced results for the period ended September 30, 2025 and provided additional details through a press release and third-quarter supplemental information furnished as Exhibits 99.1 and 99.2.
The materials discuss non-GAAP measures, including Adjusted EBITDA from continuing operations and adjusted net income from continuing operations, with definitions, usage, and limitations relative to GAAP.
The company also reported a leadership change: Steve Bowden, Senior Vice President, Operations, will become Senior Vice President, Commercial effective January 1, 2026. The information under Item 2.02 is furnished, not filed, and is not incorporated by reference unless expressly stated.