Clearwater Paper Corporation (CLW)

Clearwater Paper Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,550	1,384	1,136	1,195	1,773	1,869
Revenue Growth (YoY)	34.73%	21.80%	-4.94%	-32.58%	-5.14%	6.08%
Cost of Revenue	1,435	1,317	935.3	982.5	1,590	1,574
Gross Profit	115.2	66.8	200.7	212.5	182.6	294.2
Selling, General & Admin	112.8	114.9	119.3	115.7	123.3	129.6
Other Operating Expenses	5.1	0.8	0.3	0.8	-	9.1
Operating Expenses	114.9	115.3	120.5	117.4	124.4	141.6
Operating Income	0.3	-48.5	80.2	95.1	58.2	152.6
Interest Expense	-28.3	-32.1	-11.9	-12.2	-37	-46.5
Interest & Investment Income	2.6	2.9	2.4	1	0.6	-
Other Non Operating Income (Expenses)	-0.2	-	-	-	-	-
EBT Excluding Unusual Items	-25.6	-77.7	70.7	83.9	21.8	106.1
Merger & Restructuring Charges	-16.2	-22.1	-1.9	-	-58.4	-3.4
Gain (Loss) on Sale of Assets	-0.8	-1.5	-0.1	-1.5	1.8	1.4
Asset Writedown	-3.2	-	-	-	-	-
Other Unusual Items	-9.1	-9.1	-3.1	-0.5	-1	-5.9
Pretax Income	-45.6	-101.1	65.6	81.9	-35.8	98.2
Income Tax Expense	-12.9	-27.1	16.9	29.2	-7.7	21.1
Earnings From Continuing Operations	-32.7	-74	48.7	52.7	-28.1	77.1
Earnings From Discontinued Operations	234	270.3	59	-6.7	-	-
Net Income	201.3	196.3	107.7	46	-28.1	77.1
Net Income to Common	201.3	196.3	107.7	46	-28.1	77.1
Net Income Growth	341.45%	82.27%	134.13%	-	-	-
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17	17
Shares Change (YoY)	-1.37%	-1.81%	-0.52%	2.47%	0.26%	1.16%
EPS (Basic)	12.12	11.70	6.39	2.71	-1.68	4.65
EPS (Diluted)	12.12	11.70	6.30	2.68	-1.68	4.61
EPS Growth	345.10%	85.61%	135.15%	-	-	-
Free Cash Flow	-181.2	-55.2	117	116.7	58	207.4
Free Cash Flow Per Share	-10.91	-3.29	6.85	6.79	3.46	12.40
Gross Margin	7.43%	4.83%	17.67%	17.78%	10.30%	15.74%
Operating Margin	0.02%	-3.50%	7.06%	7.96%	3.28%	8.17%
Profit Margin	12.98%	14.19%	9.48%	3.85%	-1.58%	4.13%
Free Cash Flow Margin	-11.69%	-3.99%	10.30%	9.77%	3.27%	11.10%
EBITDA	91	51.3	178.8	198.4	163.2	263.6
EBITDA Margin	5.87%	3.71%	15.74%	16.60%	9.21%	14.11%
D&A For EBITDA	90.7	99.8	98.6	103.3	105	111
EBIT	0.3	-48.5	80.2	95.1	58.2	152.6
EBIT Margin	0.02%	-3.50%	7.06%	7.96%	3.28%	8.17%
Effective Tax Rate	-	-	25.76%	35.65%	-	21.49%

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q