For the Q1 2025, Clearwater Paper Corporationreported net sales of $378 million compared to $259 million for the Q1 2024. Clearwater Paper reported net loss from continuing operations in the Q1 2025 of $6 million, or $0.36 per diluted share compared to net loss from continuing operations of $2 million, or $0.12 per diluted share for the Q1 2024.
Adjusted EBITDA was $30 million compared to $14 million in the Q1 2024. The increase in Adjusted EBITDA was primarily driven by higher sales volume due to the inclusion of Augusta facility, the absence of a significant weather event at Lewiston, Idaho facility that negatively impacted the Q1 2024 and benefits from our cost reduction plan, offset by lower sales prices.
“We delivered a strong Q1, with improved operational execution, lower cost structure, and higher shipments,” said Arsen Kitch, President and CEO. “Our team also successfully completed the integration of the Augusta mill and is now focused on fully capturing volume and cost synergies by the end of 2026.”
“We started to see benefits from our fixed cost reduction efforts during the Q1 and expect additional savings as we progress throughout the year. With continued improving demand, we remain optimistic about the long-term prospects of paperboard packaging and expect to benefit from consumer and customer preferences for sustainable products,” concluded Kitch.
Clearwater Paper is a premier independent supplier of paperboard packaging products to North American converters.
