13.21
-0.45%
Close of 9 Nov 2026, in USD
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About Clearwater Paper
From its filings with the US Securities and Exchange Commission
Clearwater Paper is based in Spokane, Washington and is incorporated in Delaware. Its shares trade on NYSE under the ticker CLW. The SEC classifies its business as paperboard mills. In the fiscal year to 31 December 2025, it reported revenue of $1.56bn and a net loss of $18.6m. At that date it held total assets of $1.59bn and shareholders' equity of $825.3m. By region, United States accounted for 91.2%, followed by Non-US [Member] at 8.8%.
Clearwater Paper is recognized as a leading manufacturer and supplier of Solid Bleached Sulfate (SBS) paperboard packaging products, serving independent converters throughout North America. We participate in the North American paperboard market, which encompasses approximately 10 million tons and is divided into three principal substrates, each offering a diverse array of applications. SBS constitutes nearly fifty percent of the market, while Coated Unbleached Kraft (CUK) and Coated Recycled Board (CRB) comprise the remaining substrates.
The paperboard products produced are inherently sustainable, aligning with prevailing trends that favor renewable and recyclable materials. We believe we are strategically positioned to benefit from the increasing emphasis on sustainability within the industry. We produce paperboard that is then converted and printed by independent converters and primarily used in folding carton and food service applications. Additionally, minor amounts of pulp are sold to outside customers.
We regularly pursue the development of new products and innovative solutions, with the objective of expanding and diversifying our paperboard portfolio. Our status as an independent, non-integrated supplier is considered fundamental to our value proposition, distinguishing us within the competitive landscape of the paperboard packaging industry.
Quoted from its 10-K, filed 18 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Materials
- Industry
- Paper & Forest Products
- Listed since
- 5 Dec 2008
- Employees
- 1,900
- Website
- clearwaterpaper.com ↗
- Head office
- 601 WEST RIVERSIDE AVENUE, SPOKANE, WA, 99201
- Incorporated in
- DE
- Classification
- Paperboard Mills
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Alexander ToeldteLead Independent Chairman of the Board$349,328
- Mr. Arsen KitchPresident, Chief Executive Officer, Director, since 2015$6.0m
- Ms. Sherri BakerChief Financial Officer, Senior Vice President - Finance$1.7m
- Mr. Marc RomeSenior Vice President, General Counsel, Corporate Secretary
- Ms. Kari MoyesSenior Vice President - Human Resources$1.3m
- Mr. Steve BowdenSenior Vice President - Operations$1.3m
- Mr. Michael GaddSenior Vice President$1.6m
- Mr. Matthew PassarelloSenior Vice President - Supply Chain and Corporate Development
- Mr. John CorkreanIndependent Director$266,828
- Ms. Jeanne HillmanIndependent Director$239,328
- Mr. Joe LaymonIndependent Director$239,328
- Ms. Ann NelsonIndependent Director$246,828
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 59
- Environment
- 52
- Social
- 41
- Governance
- 84
- Direct emissions (scope 1)
- 593,392 t
- Energy emissions (scope 2)
- 358,422 t
- Value chain emissions (scope 3)
- 2,047,163 t
- Women in the workforce
- 16.2%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Clearwater Paper Corp has several strengths that contribute to its success in the market. Firstly, the company has a strong brand reputation and recognition in the industry. This helps them attract and retain customers, and differentiate themselves from competitors. Secondly, Clearwater Paper Corp has a diverse product portfolio, offering a wide range of high-quality paper products to various industries. This allows them to cater to different customer needs and adapt to changing market demands. Additionally, the company has established strong relationships with key suppliers, ensuring a reliable and consistent supply of raw materials. This contributes to their efficient production processes and ability to meet customer orders on time.
Weaknesses
- Despite its strengths, Clearwater Paper Corp faces several weaknesses that hinder its growth and competitiveness. One significant weakness is its heavy reliance on a few major customers for a significant portion of its revenue. Any fluctuations in these customer relationships or loss of contracts could have a negative impact on the company's financial performance. Another weakness is the company's limited geographic presence. Clearwater Paper Corp primarily operates in North America, which exposes them to regional economic fluctuations and limits their access to international markets. Furthermore, the company has faced challenges with cost management and operational efficiency in the past. This has resulted in lower profit margins and hindered their ability to compete on pricing in the market.
Opportunities
- Clearwater Paper Corp has several opportunities to capitalize on in the market. One promising opportunity is the increasing demand for sustainable and eco-friendly paper products. Clearwater Paper Corp can leverage its expertise in producing environmentally friendly solutions to attract environmentally conscious customers and gain a competitive edge. Additionally, there is a growing trend towards digitalization and e-commerce. Clearwater Paper Corp can explore partnerships and collaborations with online retailers to expand its distribution channels and reach a broader customer base. Moreover, the company can invest in research and development to innovate and introduce new products that cater to emerging market needs and preferences. This can help them stay ahead of the competition and capture new market segments.
Threats
- Clearwater Paper Corp faces various threats that pose challenges to its growth and profitability. One significant threat is the intense competition in the paper industry. There are numerous established competitors as well as emerging players, creating price pressures and potentially impacting the company's market share. Another threat is the volatility in raw material prices, particularly wood pulp. Fluctuations in these prices can directly impact Clearwater Paper Corp's production costs, and make it more challenging to maintain competitive pricing. Additionally, regulatory changes and environmental regulations can pose challenges to the company's operations and require significant investments to comply with new standards.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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