Clearwater Paper lifts Q3 adjusted EBITDA to USD 24m despite Augusta mill disruption

Clearwater Paper reported third-quarter 2026 sales of USD 385 million, down from USD 399 million a year earlier, with adjusted EBITDA from continuing operations up to USD 24 million from USD 18 million, aided by maintenance timing at its Lewiston mill. A disruption at the Augusta mill cut volumes and raised costs late in the quarter and into October, while the company refinanced its debt and cut net debt by USD 56 million year to date.

Why this mattersAugusta's ongoing disruption and soft SBS pricing show the paperboard producer still relies on cost cuts and balance-sheet work rather than demand to rebuild margins.

• Q3 2026 sales were USD 385 million, against USD 399 million in Q3 2025.
• Adjusted EBITDA from continuing operations rose to USD 24 million from USD 18 million a year earlier.
• Net loss narrowed to USD 2 million, or USD 0.10 per diluted share, from a USD 53 million loss including a USD 48 million goodwill impairment.
• Paperboard deliveries fell 1% to 322,265 tons; average net pricing was USD 1,111 per ton, 4% below a year earlier.
• Clearwater refinanced its debt, received USD 17.5 million in additional representation and warranty insurance proceeds, and cut net debt by USD 56 million year to date.
• Nine-month sales reached USD 1.12 billion with adjusted EBITDA of USD 18 million, down from USD 87.4 million a year earlier.

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