Q2 2026 Clearwater Paper Corp Earnings Call Transcript
Key Points
- Clearwater Paper Corp (CLW) reported an 8% year-over-year growth in shipment volumes for the second quarter.
- The company successfully completed a major maintenance outage at its Lewiston, Idaho facility on time and within budget.
- Clearwater Paper Corp (CLW) reduced net debt by $59 million in the quarter and by $50 million year-to-date.
- The launch of the new CRD product line, Circa, aligns with the company's strategy to offer a broader product range to North American converter customers.
- The company is implementing a $60 per ton price increase, which is expected to improve EBITDA by $50 million to $60 million annually.
- Clearwater Paper Corp (CLW) faced a 9% year-over-year decline in market pricing, impacting overall revenue.
- Adjusted EBITDA for the quarter was negative $8 million, reflecting financial challenges.
- Higher than expected transportation costs, partly driven by geopolitical conflicts, negatively impacted financial performance.
- The company continues to face substantial cost pressure and margin levels that do not support long-term investment.
- The Iran conflict has led to increased costs in chemicals and transportation, with an estimated negative impact of $20 million to $25 million for the year.
Thank you for standing by. At this time, I would like to welcome everyone to today's Clearwater Paper second quarter 2026 Earnings Conference Call. (Operator Instructions) I'd now like to turn the call over to Cheri Ellison, Investor Relations. Cheri.
Thank you, operator. Good afternoon and thank you for joining Clearwater Papers' second quarter 2026 earnings conference call. Joining me on the call today are Arsen Kitch, President and Chief Executive Officer and Sherri Baker, Senior Vice President and Chief Financial Officer. Financial results for the second quarter of 2026 were released shortly after today's market close along with the filing of our 10-Q.
You will find a presentation of supplemental information, including a slide providing the company's current outlook posted on the Investor Relations page of our website at clearwaterpaper.com. Additionally, we will be providing certain non-GAAP financial information in this afternoon's discussion. A reconciliation of the non-GAAP information
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