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CLW Clearwater Paper-28.8%Stock moveEarnings and guidance

Clearwater Paper Stock Sinks 29% as Results and Augusta Mill Disruption Weigh

The company's Q3 2026 results included a Q4 Adjusted EBITDA outlook of $10 to 20 million, with operational problems at the Augusta mill continuing into October.

By Zintick Team · Editor: Kratik Mehta
Published

Paper mill industrial warehouse environment
Photo: Pedal to the Stock/Shutterstock.com

Key points

  • Clearwater Paper fell 28.8% on Tuesday, the session after it reported Q3 2026 results
  • Q3 net loss of $2 million, or $0.10 per diluted share; Adjusted EBITDA $24 million
  • Q4 2026 Adjusted EBITDA guided to $10 to 20 million, citing Augusta mill disruptions
  • Cash and equivalents of $35.7 million at Sept. 30, 2026

Clearwater Paper (NYSE: CLW) fell 28.8% on Tuesday, closing at $13.69 against a previous close of $19.22, while the S&P 500 ETF (SPY) rose 0.56%. Volume ran about 12.8 times normal for the session. The decline followed the company's third-quarter 2026 results, which it released in an 8-K filed Oct. 26, 2026.

Net sales were $385 million, down from $399 million a year earlier, and the company reported a net loss of $2 million, or $0.10 per diluted share. Adjusted EBITDA from continuing operations was $24 million, up from $18 million, which the company attributed mainly to the timing of a planned maintenance outage at its Lewiston, Idaho mill.

Augusta disruption weighs on the outlook

Chief Executive Arsen Kitch said volumes and costs were hurt by a significant operational disruption at the Augusta mill late in the third quarter, and that operational issues have continued into October. The company's guidance for the fourth quarter calls for Adjusted EBITDA of $10 million to $20 million, citing lower seasonal shipments and the additional impact of the Augusta disruptions in early Q4.

Pricing and debt

Average selling price rose $34 per ton from the second quarter, and the company said it had executed a refinancing of all its debt, extending maturities. Cash and equivalents were $35.7 million at Sept. 30, 2026, and the company reported $276.7 million of restricted cash for redemption of debt.

The company's full results were also filed in a 10-Q filed Oct. 26, 2026.

Sources

Written with AI from SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Clearwater Paper page.