---
schema_version: "secwatch.filing_event.v1"
accession: "0001441236-26-000024"
form_type: "8-K"
ticker: "CLW"
cik: "0001441236"
company_name: "Clearwater Paper Corp"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:48:09.121592+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Clearwater Paper Q1 net loss $13M; adjusted EBITDA drops to $2M from $30M

## Summary
- Net sales $360M versus $378M in Q1 2025; net loss $13M ($0.80/diluted share) vs loss $6M ($0.38).
- Adjusted EBITDA from continuing ops $2M, down from $30M, due to lower pricing and severe weather.
- Paperboard volume up 5% to 302,918 tons; average net selling price down 7% to $1,101/ton.
- Restructuring at Cypress Bend facility cutting ~20% of roles; expects $8-12M annual savings.
- Received $17M additional insurance proceeds; pursuing claims against remaining $50M policy limit.

## SEC filing metadata
- accession: 0001441236-26-000024
- form_type: 8-K
- ticker: CLW
- cik: 0001441236
- company_name: Clearwater Paper Corp
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000024/0001441236-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000024/clw-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001441236-26-000024
- JSON: https://secwatch.observer/filing/0001441236-26-000024.json
- Plain text: https://secwatch.observer/filing/0001441236-26-000024.txt

## Key facts
- Earnings Releases
  Clearwater Paper Corp reported first quarter ended March 31, 2026 results: revenue $360 million, net income $13 million, or $0.80 per diluted share, EPS $(0.80) per diluted share.
  - Period: first quarter ended March 31, 2026
  - Revenue: $360 million
  - Net income: $13 million, or $0.80 per diluted share
  - EPS: $(0.80) per diluted share
  - Result: reported results
  source text: supplier of bleached paperboard to North American converters today reported financial results for the first quarter ended March 31, 2026. FIRST QUARTER HIGHLIGHTS • Net sales of $360 million versus $378 million in the first quarter of 2025, with volume up 5%, offset by lower market pricing • Net loss of $13 million, or $0.80 per diluted share versus net loss of $6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000024/0001441236-26-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.