Truist cuts Clearwater Paper stock price target on weak guidance

RBC Capital reduced its price target for Clearwater Paper (NYSE: CLW) to $22 from $23, citing Q4 guidance below consensus. The company's Q3 adjusted EBITDA met expectations, but gross profit margins remain low. Issues at the Augusta facility and a wider-than-expected Q3 loss also impacted the outlook. Truist Securities lowered its target to $17, maintaining a Hold rating.

Clearwater Paper reported a Q3 2026 net loss of $2m, down from $54m in Q3 2025. Net sales fell 3.5% YoY to $385m due to lower paperboard pricing. Adjusted EBITDA rose 33.4% to $24m, driven by maintenance outage timing. Nine-month net sales were $1.1bn, down from $1.2bn in 2025. CEO Arsen Kitch noted price increases and operational disruptions.

Clearwater Paper (CLW) reported Q3 2026 net loss of $2M, with $385M in sales. Operational disruptions at Augusta mill were offset by $17.5M insurance payout. The company completed debt refinancing, extending maturities to 2031. Industry pricing improvements and new product launches are expected to boost EBITDA by $200M. CLW plans maintenance outages in 2027 with estimated costs of $12M-$15M and $7M-$10M.

Clearwater Paper (CLW) reported Q3 2026 net sales of $385M, down from $399M in 2025, with a net loss of $2M. Adjusted EBITDA rose to $24M from $18M. The company cited lower market pricing but noted operational improvements and refinancing. Sales volumes decreased 1% YoY, while prices fell 4%. The CEO expressed optimism about industry recovery and pricing improvements. The company reduced net debt by $56M YTD.

Clearwater Paper (CLW) reported Q3 earnings, highlighting maintenance delays and costs at its Augusta mill, totaling $19M-$25M. The company received $17.5M from insurance recoveries, offsetting Augusta-related losses. Management noted industry recovery in SBS paperboard and expects pricing increases to boost EBITDA by $200M. Clearwater also announced product expansions and refinancing with lower interest rates. Q4 EBITDA is projected at $10M-$20M, with full-year 2026 revenue expected at $1.5B.

Clearwater Paper reported Q3 2026 net sales of $385M and a net loss of $2M, missing analyst estimates. Adjusted EBITDA was $24.4M, within guidance but below expectations. Shares fell 7.2% after-hours. Operational challenges at the Augusta mill impacted production, though pricing showed improvement. Management highlighted cost reductions and long-term targets.