Filing Flows › Clearwater Paper (CLW) › Q2 2026 › vs Q1 2026
Clearwater Paper (CLW) Q2 2026 vs Q1 2026 (quarter over quarter)
Clearwater Paper's revenue rose $14.5M (+4%) from $360M in Q1 2026 to $375M in Q2 2026. The biggest changes: Foodservice +$19.3M (+13%); Other −$10.5M (-25%); Folding Carton +$7.6M (+6%).
Clearwater Paper, Q2 2026: revenue $375M (-4% year over year), operating margin -6.4%, net loss $21.5M, operating cash flow $69.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 15.8% | -2.4% | +18.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Foodservice | $173M | $154M | $19.3M | +13% |
| Folding Carton | $132M | $125M | $7.6M | +6% |
| Sheeting and Distribution | $37.1M | $38.9M | −$1.8M | -5% |
| Other | $32.2M | $42.7M | −$10.5M | -25% |
| Revenue | $375M | $360M | $14.5M | +4% |
| Income tax benefit | $8.6M | $3.7M | $4.9M | +132% |
| Net loss | $21.5M | $12.8M | $8.7M | +68% |
| Costs & expenses | $405M | $377M | $28.1M | +7% |
| Operating costs | $399M | $371M | $28.0M | +8% |
| Interest & other, net | $6.2M | $6.1M | $100K | +2% |
| Operating cash sources | $90.5M | $13.3M | $77.2M | +580% |
| Depreciation & amortization | $23.2M | $23.4M | −$200K | -0.9% |
| Share-based compensation | $1.7M | $600K | $1.1M | +183% |
| Working capital & other | $65.6M | −$10.7M | $76.3M | — |
| Net loss absorbed | $21.5M | $12.8M | $8.7M | +68% |
| Operating cash flow | $69.0M | $500K | $68.5M | 138× |
| Free cash flow (OCF − capex) | $59.4M | −$8.6M | $68.0M | — |
| Capital expenditures | $9.6M | $9.1M | $500K | +5% |
Questions
How much did Clearwater Paper's revenue grow quarter over quarter in Q2 2026?
Clearwater Paper's revenue rose $14.5M (+4%) from $360M in Q1 2026 to $375M in Q2 2026.
What drove Clearwater Paper's revenue change in Q2 2026?
Foodservice +$19.3M (+13%); Other −$10.5M (-25%); Folding Carton +$7.6M (+6%).