Clearwater Paper Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,555	1,384	1,136	1,195	1,773
Revenue Growth (YoY)	12.42%	21.80%	-4.94%	-32.58%	-5.14%
Cost of Revenue	1,440	1,317	935	982.5	1,590
Gross Profit	115.9	67.1	201	212.5	182.6
Selling, General & Admin	102	114.9	119.3	115.7	123.3
Other Operating Expenses	-3	0.8	0.3	0.8	-
Operating Expenses	98.3	115.6	120.8	117.4	124.4
Operating Income	17.6	-48.5	80.2	95.1	58.2
Interest Expense	-18.6	-32.1	-11.9	-12.2	-37
Interest & Investment Income	1.8	2.9	2.4	1	0.6
EBT Excluding Unusual Items	0.8	-77.7	70.7	83.9	21.8
Merger & Restructuring Charges	-6.4	-22.1	-1.9	-	-58.4
Impairment of Goodwill	-48	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-1.5	1.8
Asset Writedown	-6.5	-1.5	-0.1	-	-
Other Unusual Items	-	-9.1	-3.1	-0.5	-1
Pretax Income	-60.1	-101.1	65.6	81.9	-35.8
Income Tax Expense	-7.1	-27.1	16.9	29.2	-7.7
Earnings From Continuing Operations	-53	-74	48.7	52.7	-28.1
Earnings From Discontinued Operations	34.4	270.3	59	-6.7	-
Net Income	-18.6	196.3	107.7	46	-28.1
Net Income to Common	-18.6	196.3	107.7	46	-28.1
Net Income Growth	-	82.27%	134.13%	-	-
Shares Outstanding (Basic)	16	17	17	17	17
Shares Outstanding (Diluted)	16	17	17	17	17
Shares Change (YoY)	-3.65%	-1.81%	-0.52%	2.47%	0.26%
EPS (Basic)	-1.15	11.70	6.39	2.71	-1.68
EPS (Diluted)	-1.15	11.70	6.30	2.68	-1.68
EPS Growth	-	85.61%	135.15%	-	-
Free Cash Flow	-76.5	-55.2	117	116.7	58
Free Cash Flow Per Share	-4.73	-3.29	6.85	6.79	3.46
Gross Margin	7.45%	4.85%	17.69%	17.78%	10.30%
Operating Margin	1.13%	-3.50%	7.06%	7.96%	3.28%
Profit Margin	-1.20%	14.19%	9.48%	3.85%	-1.58%
Free Cash Flow Margin	-4.92%	-3.99%	10.30%	9.77%	3.27%
EBITDA	110	21.3	120.9	198.4	163.2
EBITDA Margin	7.07%	1.54%	10.64%	16.60%	9.21%
D&A For EBITDA	92.4	69.8	40.7	103.3	105
EBIT	17.6	-48.5	80.2	95.1	58.2
EBIT Margin	1.13%	-3.50%	7.06%	7.96%	3.28%
Effective Tax Rate	-	-	25.76%	35.65%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.