Clearwater Paper Corporation (CLW) reported a first-quarter net loss of $882 thousand or $0.04 per share, compared to profit of $3.73 million or $0.16 per share, last year. Net sales rose to $460.82 million from $457.80 million last year.
The company said its first-quarter net loss included $17.1 million in debt retirement costs, $3.5 million in mark-to-market impact of directors' equity-based compensation expense, $0.2 million associated with the closing of the company's Thomaston, Georgia facility and a tax benefit of $9.8 million associated with converting gallons from Alternative Fuel Mixture Tax Credits to Cellulosic Biofuel Producer Credits. Excluding these items, profit was $2.4 million, or $0.11 per share, on an after-tax basis.
On average, four analysts polled by Thomson Reuters expected the company to report profit of $0.65 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $465.77 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.