Filing Flows › Clearwater Paper (CLW) › Q1 2026
Clearwater Paper (CLW) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Clearwater Paper (CLW) reported revenue of $360M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -7% from the quarter before. Operating margin was -2.9%, net loss $12.8M (3.6% of revenue).
Clearwater Paper, Q1 2026: revenue $360M (-5% year over year), operating margin -2.9%, net loss $12.8M, operating cash flow $500K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $360M | -7% | -5% |
| Operating profit | −$10.4M | -239% | — |
| Net earnings | −$12.8M | -133% | — |
| Operating cash flow | $500K | -90% | -67% |
What changed
Revenue was $360.3M in Q1 2026, down 5% year over year and down 7% from the previous quarter. Foodservice was the largest line at 43% of revenue. Folding Carton lost $23.5M year over year (down 16%), 131% of the total change.
Operating costs exceeded revenue by $10.4M, an operating margin of -2.9%. Total costs fell 3% while revenue fell 5%. The quarter ended with a net loss of $12.8M, after a profit of $38.3M the previous quarter.
Operating cash flow was $500K (down 67% year over year). Non-cash charges added back $23.4M of depreciation and amortization and $600K of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $9.1M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Clearwater Paper's revenue in the first quarter 2026?
Clearwater Paper (CLW) reported revenue of $360M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -7% from the quarter before.
Was Clearwater Paper profitable in the first quarter 2026?
Operating loss was $10.4M (-2.9% of revenue) and net loss $12.8M.
Source: Clearwater Paper 10-Q on SEC EDGAR.