--- title: "Clearwater Paper | 10-Q: FY2026 Q1 Revenue: USD 360.3 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284484267.md" datetime: "2026-04-29T03:10:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284484267.md) - [en](https://longbridge.com/en/news/284484267.md) - [zh-HK](https://longbridge.com/zh-HK/news/284484267.md) generator: "portal-rs" --- # Clearwater Paper | 10-Q: FY2026 Q1 Revenue: USD 360.3 M Revenue: As of FY2026 Q1, the actual value is USD 360.3 M. EPS: As of FY2026 Q1, the actual value is USD -0.8. EBIT: As of FY2026 Q1, the actual value is USD -5.5 M. #### Consolidated Performance Overview Clearwater Paper Corporation reported a net loss of - $12.8 million for the quarter ended March 31, 2026, compared to a net loss of - $6.3 million for the same period in 2025. Loss from continuing operations was - $12.8 million in Q1 2026, an increase from - $5.9 million in Q1 2025. Adjusted EBITDA from continuing operations decreased to $1.9 million in Q1 2026 from $29.8 million in Q1 2025, resulting in an Adjusted EBITDA margin of 1% and 8%, respectively. #### Segmented Net Sales - **Food service:** Net sales were $153.7 million for the quarter ended March 31, 2026, up from $151.4 million in the prior year period. - **Folding carton:** Net sales decreased to $124.9 million in Q1 2026 from $148.4 million in Q1 2025. - **Sheeting and distribution:** Net sales remained relatively stable at $38.9 million in Q1 2026 compared to $38.8 million in Q1 2025. - **Pulp and other:** Net sales increased to $42.7 million in Q1 2026 from $39.6 million in Q1 2025. - **Total Net Sales:** Overall net sales decreased by 5% to $360.3 million in Q1 2026 from $378.2 million in Q1 2025. #### Sales Volume and Pricing - **Paperboard shipments:** Increased by 4.6% to 302,918 short tons in Q1 2026 from 289,487 short tons in Q1 2025. - **Paperboard sales price:** Decreased by 7.3% to $1,101 per short ton in Q1 2026 from $1,188 per short ton in Q1 2025. #### Cost of Sales and Operating Expenses - **Cost of Sales:** Increased by 6% to $361.2 million in Q1 2026 from $341.5 million in Q1 2025. - **Input cost (raw materials and energy):** Remained relatively flat at $167.6 million in Q1 2026 compared to $168.4 million in Q1 2025. - **Labor and overhead:** Increased to $121.7 million in Q1 2026 from $117.1 million in Q1 2025. - **Supply chain costs (freight):** Increased to $39.6 million in Q1 2026 from $36.3 million in Q1 2025. - **Depreciation and amortization (within Cost of Sales):** Increased to $22.4 million in Q1 2026 from $21.0 million in Q1 2025. - **Selling, General and Administrative Expenses:** Decreased by 29% to $20.6 million in Q1 2026 from $28.9 million in Q1 2025. - **Other Operating Charges, Net:** Resulted in income of - $11.1 million in Q1 2026, primarily due to $11.9 million in representation and warranty insurance proceeds, contrasting with an expense of $11.8 million in Q1 2025. #### Cash Flow - **Net cash flows provided by operating activities:** Decreased to $0.5 million in Q1 2026 from $1.5 million in Q1 2025, despite $17.5 million in insurance recoveries and $4 million in income tax refunds. - **Net cash flows used in investing activities:** Decreased to - $9.1 million in Q1 2026 from - $32.7 million in Q1 2025, primarily related to capital expenditures. - **Net cash flows provided by (used in) financing activities:** Switched to $14.3 million provided in Q1 2026 from - $4.4 million used in Q1 2025, including $15.0 million in borrowings on long-term debt in Q1 2026. #### Unique Metrics - **Representation and Warranty Insurance Proceeds:** Clearwater Paper Corporation received a partial settlement of $17.5 million in Q1 2026 related to claims on its representation and warranty insurance policy for the Augusta acquisition, with $5.6 million recorded in “Cost of sales” and $11.9 million in “Other operating charges, net.” As of March 31, 2026, $50 million remains under the policy limit. #### Future Outlook and Strategy Clearwater Paper Corporation anticipates higher operating costs in the second quarter of fiscal 2026 due to a planned major maintenance outage at its Lewiston, Idaho facility and expected increases in petroleum-based input costs. The company has announced planned cost reductions and production curtailments at its Cypress Bend, Arkansas facility, projected to yield $8 million to $12 million in annualized cost savings without impacting shipment volumes. Additionally, the ratification of a union agreement at the Lewiston, Idaho facility will result in retroactive wage payments of $2.0 million to $2.5 million, and cash paid for capital expenditures in 2026 is expected to be approximately $65 million to $75 million. ### Related Stocks - [CLW.US](https://longbridge.com/en/quote/CLW.US.md) ## Related News & Research - [Home Depot declares quarterly dividend of $2.33 a share](https://longbridge.com/en/news/296531433.md) - [DE: 3Q 2026 saw sales and profit growth, but FY 2026 guidance signals industry headwinds](https://longbridge.com/en/news/296475895.md) - [Havsfrun H1 FY26 net profit drops 72.58% to SEK 1.7 million](https://longbridge.com/en/news/296370588.md) - [M Split declares monthly dividend of $0.03125 for Class I, Class II preferred shares](https://longbridge.com/en/news/296359911.md) - [Exelon declares Q3 2026 distribution of R$ 0.36 per unit, payable Sept. 21](https://longbridge.com/en/news/296636248.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**