For the third quarter of 2025, Clearwater Paper reported net sales of $399 million compared to $393 million for the third quarter of 2024.
According to a news release, Clearwater Paper reported a net loss from continuing operations in the third quarter of 2025 of $54 million compared to a net loss from continuing operations of $11 million for the third quarter of 2024. The increase in net loss was primarily driven by a $48 million, or $45 million tax affected, non-cash goodwill impairment charge. The company accumulated $35.1 million of goodwill through the acquisition of Manchester Industries in 2016 and $12.9 million of goodwill through the acquisition of the Augusta facility in 2024.
The impairment was driven by the decline in Clearwater Paper market capitalization as compared to the increase in book value driven by the gain on the divestiture of the tissue business late in 2024.
Adjusted earnings before interest, taxes, depreciation, and amortization or EBITDA from continuing operations was $18 million for the third quarter of 2025 compared to $21 million in the third quarter of 2024. The decrease in Adjusted EBITDA from continuing operations was due to the timing of a major maintenance outage at the company’s Lewiston facility and reduced sales prices, offset by higher sales volumes, lower input costs and planned cost reduction activities. The Lewiston outage occurred in the second quarter of 2024 as compared to the third quarter of this year.
