Filing Flows › Clearwater Paper (CLW) › Q1 2025
Clearwater Paper (CLW) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Clearwater Paper (CLW) reported revenue of $378M for the first quarter 2025 (Q1 2025), +46% from a year earlier and -2% from the quarter before. Operating margin was -1.1%, net loss $6.3M (1.7% of revenue).
Clearwater Paper, Q1 2025: revenue $378M (+46% year over year), operating margin -1.1%, net loss $6.3M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $378M | -2% | +46% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | $1.5M | — | -97% |
What changed
Revenue was $378.2M in Q1 2025, up 46% year over year and down 2% from the previous quarter. Foodservice was the largest line at 40% of revenue. Foodservice added $61.8M year over year (up 69%), 52% of the total change. Sheeting and Distribution declined 4%.
Operating costs exceeded revenue by $4.0M, an operating margin of -1.1%. The fastest-growing cost line was Other operating costs (+97%). The quarter ended with a net loss of $6.3M, after a profit of $199.1M the previous quarter. Net interest and other expense of $4.1M was the main reason.
Operating cash flow was $1.5M (down 97% year over year). Non-cash charges added back $22.0M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $15.2M. Capital expenditures of $32.7M exceeded it, leaving free cash flow of −$31.2M.
Questions
What was Clearwater Paper's revenue in the first quarter 2025?
Clearwater Paper (CLW) reported revenue of $378M for the first quarter 2025 (Q1 2025), +46% from a year earlier and -2% from the quarter before.
Was Clearwater Paper profitable in the first quarter 2025?
Operating loss was $4.0M (-1.1% of revenue) and net loss $6.3M.
Source: Clearwater Paper 10-Q on SEC EDGAR.