Clearwater Paper Corporation has released its financial results for the third quarter ending September 30, 2026, revealing a net loss but an increase in adjusted EBITDA. The company also announced the resignation of its Chief Financial Officer, Sherri Baker, effective November 13, 2026.

The results are significant as they reflect Clearwater's ongoing efforts to navigate challenges within the paperboard mills industry. The company reported net sales of $385 million, down from $399 million during the same period last year, primarily due to lower market pricing.

In the filing, Clearwater stated, "We delivered strong commercial execution during the quarter, with average selling prices increasing versus the second quarter. We successfully implemented our first announced price increase and continue to make meaningful progress on implementing the second increase." However, operational disruptions at the Augusta mill negatively impacted volumes and costs.

Background

Clearwater Paper Corporation, based in Spokane, Washington, is a leading supplier of bleached paperboard to North American converters. The company operates under the Standard Industrial Classification (SIC) code 2631, which pertains to Paperboard Mills. Clearwater is publicly traded on the New York Stock Exchange under the ticker symbol CLW.

What the Filing Says

According to the filing dated October 26, 2026, Clearwater reported a net loss of $2 million, or $0.10 per diluted share, compared to a net loss of $53 million, or $3.30 per diluted share, in the third quarter of 2025. The adjusted EBITDA from continuing operations was $24 million, an increase from $18 million in the same quarter last year.

Impact

The resignation of CFO Sherri Baker may impact Clearwater's financial strategy and operations as the company seeks to stabilize its performance amid fluctuating market conditions. The changes in leadership and financial results may also influence investor confidence and the company's competitive positioning within the paperboard mills industry.

What's Next

The filing does not say what happens next regarding the search for a new CFO or any further strategic initiatives Clearwater may pursue.