Filing Flows › Clearwater Paper (CLW) › Q3 2026
Clearwater Paper (CLW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 26, 2026
Clearwater Paper (CLW) reported revenue of $385M for the third quarter 2026 (Q3 2026), -4% from a year earlier and +3% from the quarter before. Operating margin was 0.6%, net loss $1.6M (0.4% of revenue).
Clearwater Paper, Q3 2026: revenue $385M (-4% year over year), operating margin 0.6%, net loss $1.6M, operating cash flow $30.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $385M | +3% | -4% |
| Operating profit | $2.5M | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | $30.6M | -56% | -10% |
| Free cash flow | $15.9M | -73% | +1% |
What changed
Revenue was $384.9M in Q3 2026, down 4% year over year and up 3% from the previous quarter. Foodservice was the largest line at 42% of revenue. Foodservice lost $19.4M year over year (down 11%), 138% of the total change.
Operating profit was $2.5M, a 0.6% margin (up 14.5 points year over year). Total costs fell 16% while revenue fell 4%. The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $21.5M loss. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was $30.6M (down 10% year over year). Non-cash charges added back $23.3M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $14.7M left free cash flow of $15.9M.
Questions
What was Clearwater Paper's revenue in the third quarter 2026?
Clearwater Paper (CLW) reported revenue of $385M for the third quarter 2026 (Q3 2026), -4% from a year earlier and +3% from the quarter before.
Was Clearwater Paper profitable in the third quarter 2026?
Operating profit was $2.5M (0.6% of revenue) and net loss $1.6M.
Source: Clearwater Paper 10-Q on SEC EDGAR.