0001441236-26-000007
SEC filingClearwater Paper Corporation reported net sales of $1.56 billion for fiscal year 2025, ending December 31, 2025. The company recorded a net loss of $18.6 million, driven by an operating loss of $42.1 million and a significant goodwill impairment charge of $48.0 million. Despite the net loss, the company generated positive operating cash flow of $12.3 million, primarily due to non-cash adjustments including depreciation and amortization of $92.4 million and the goodwill impairment. The balance sheet shows total debt of $346.1 million (including current portion) and shareholders' equity of $829.3 million, with cash and cash equivalents decreasing by $48.9 million during the year. The company's earnings per share were negative $1.00 for both basic and diluted calculations.
Clearwater Paper Corporation reported net sales of $1.56 billion for fiscal year 2025, representing the company's total revenue for the period. The company incurred a net loss of $18.6 million, which included a significant goodwill impairment charge of $48.0 million. Operating activities resulted in a loss of $42.1 million, while income from continuing operations before taxes showed a loss of $60.1 million. The company's earnings per share were negative $1.00 for both basic and diluted calculations, based on weighted average shares outstanding of 16.2 million. Despite the net loss, the company generated positive cash flow from operations of $12.3 million, primarily due to non-cash adjustments including depreciation and amortization of $92.4 million.
The company reported net sales of $1.56 billion for the fiscal year. Cost of sales was $1.44 billion, resulting in gross profit of $120.0 million. Selling, general and administrative expenses totaled $100.8 million, while other operating charges netted $8.9 million. The significant goodwill impairment charge of $48.0 million contributed substantially to the total operating costs and expenses of $1.60 billion. No segment breakdown or geographic mix information was provided in the available data.
The company's gross margin was 7.7%, calculated from net sales of $1.56 billion and cost of sales of $1.44 billion. Operating margin was negative 2.7%, reflecting the operating loss of $42.1 million against net sales. The goodwill impairment charge of $48.0 million represented a significant non-cash expense impacting profitability. Interest expense net was $16.8 million, while other nonoperating expenses totaled $1.2 million. The income tax provision was $7.1 million, resulting in income from continuing operations net of tax attributable to parent of negative $53.0 million.
Operating activities generated $12.3 million in cash flow, despite the net loss, due to adjustments including $48.0 million goodwill impairment and $92.4 million depreciation and amortization. Investing activities used $100.4 million, primarily for property, plant and equipment acquisitions of $88.8 million. Financing activities provided $39.3 million, including $82.0 million in debt borrowings and $17.2 million for common stock repurchases. Free cash flow (operating cash flow minus capital expenditures) was negative $76.1 million. The balance sheet shows total debt of $346.1 million (including $600,000 current portion), with shareholders' equity of $829.3 million.
No specific management guidance, strategic priorities, or forward-looking statements were provided in the available financial data. The filing contains standard financial statements without accompanying management discussion and analysis text that would typically include outlook information. Investors should refer to the complete 10-K filing for any forward-looking statements, risk factors, or management commentary that may not be captured in the numerical financial data provided.