Clearwater Paper's 2025 EBITDA Jumps to $107 Million as Paperboard Pivot Delivers

Overview

• Shipments rose 14% and net sales increased 12% for 2025, driven by operating the Augusta Mill for a full year.
• Adjusted EBITDA reached $107 million, up $71 million year over year, as fixed costs fell by more than $50 million including $16 million in SG&A savings.
• Integration of the Augusta Mill and separation of the tissue business were completed ahead of schedule, and three major maintenance outages finished on time with $50 million in direct costs.
• Management released full-year results after the market close with an investor presentation and GAAP reconciliations posted, and guided 2026 revenue to $1.4–$1.5 billion with a $70 million pricing headwind from index carryover.
• Early 2026 updates include $15–$20 million in weather-related costs, a $50–$60 per ton price increase on non-indexed volume, and a planned Q2 launch of the lightweight VOLURA paperboard.