Clearwater Paper Corporation reported a net loss of $6.3 million for the first quarter of 2025, a decrease from a net income of $17.2 million in the same period last year. Net sales increased significantly by 46% to $378.2 million, primarily driven by higher sales volume from the Augusta operations acquisition. The company's gross margin improved by 10%, attributed to better operating performance and cost reduction efforts.
Net sales increased by 46% to $378.2 million in Q1 2025, primarily due to higher sales volume from the Augusta operations acquisition.
The company reported a net loss of $6.3 million for Q1 2025, compared to a net income of $17.2 million in Q1 2024.
Gross profit increased by 10% due to improved operating performance, absence of significant weather events, and planned cost reduction activities.
Operating income from continuing operations and Adjusted EBITDA both increased, driven by cost reduction efforts and deflation in input costs.
For the second quarter of fiscal 2025, Clearwater Paper expects higher sales volumes and additional benefits from fixed cost reduction efforts. Energy costs are anticipated to decrease, but a planned maintenance expense at the Cypress Bend Arkansas mill is expected.
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