Clearwater Paper(US:CLW) Businesswire·2025-10-28 20:05Core Viewpoint - Clearwater Paper Corporation reported a strong third quarter performance, achieving net sales of $399 million, driven by higher shipment volumes and effective cost reduction efforts, despite a significant net loss primarily due to a non-cash goodwill impairment charge [3][4]. Overall Results - For Q3 2025, net sales were $399 million, up from $393 million in Q3 2024, with a net loss from continuing operations of $54 million, or $3.34 per diluted share, compared to a net loss of $11 million, or $0.64 per diluted share in Q3 2024 [3][4]. - The increase in net loss was largely attributed to a $48 million non-cash goodwill impairment charge, influenced by a decline in market capitalization [3][4]. - Adjusted EBITDA from continuing operations was $18 million for Q3 2025, down from $21 million in Q3 2024, affected by maintenance outages and reduced sales prices, although offset by higher sales volumes and lower input costs [3][4]. Sales Volumes and Prices - Sales volumes reached 324,198 tons in Q3 2025, a 3% increase from 314,320 tons in Q3 2024, while the average net selling price for paperboard decreased by 3% to $1,160 per ton [5][6]. - For the first nine months of 2025, net sales totaled $1.2 billion, up from $997 million in the same period of 2024, with a net loss of $56 million, or $3.47 per diluted share, compared to a net loss of $54 million, or $3.27 per diluted share in the first nine months of 2024 [4][5]. Company Outlook - The company noted that the SBS market remains oversupplied, impacting the broader consumer paperboard market, but expressed optimism about recovery while focusing on cost reduction and maintaining market share [8]. - Clearwater Paper aims to achieve nearly $50 million in fixed cost reductions in 2025, exceeding its initial target of $30 to $40 million [5][8].