Filing Flows › Clearwater Paper (CLW) › Q2 2026
Clearwater Paper (CLW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Clearwater Paper (CLW) reported revenue of $375M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +4% from the quarter before. Operating margin was -6.4%, net loss $21.5M (5.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | +4% | -4% |
| Operating profit | −$23.9M | — | -344% |
| Net earnings | −$21.5M | — | -896% |
| Operating cash flow | $69.0M | 138× | — |
| Free cash flow | $59.4M | — | — |
What changed
Revenue was $374.8M in Q2 2026, down 4% year over year and up 4% from the previous quarter. Foodservice was the largest line at 46% of revenue. Folding Carton lost $15.1M year over year (down 10%), 89% of the total change.
Operating costs exceeded revenue by $23.9M, an operating margin of -6.4%. Total costs grew 4% against a revenue fall of 4%. The quarter ended with a net loss of $21.5M, wider than the previous quarter's $12.8M loss.
Operating cash flow was $69.0M. Non-cash charges added back $23.2M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $65.6M. Capital expenditures of $9.6M left free cash flow of $59.4M.
Questions
What was Clearwater Paper's revenue in the second quarter 2026?
Clearwater Paper (CLW) reported revenue of $375M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +4% from the quarter before.
Was Clearwater Paper profitable in the second quarter 2026?
Operating loss was $23.9M (-6.4% of revenue) and net loss $21.5M.
Source: Clearwater Paper 10-Q on SEC EDGAR.