Clearwater Paper Corp

Analysis for Ticker: CLW

Clearwater Paper Corp is a company that manufactures paperboard for food containers and paper cups across three massive mills. The reality is a mathematical nightmare because for every single dollar they earn from selling paper, they are spending more than a dollar just to make it. In the first quarter of 2026, the company generated 360,3$ million in sales, but the cost to produce those goods was 361,2$ million. They are working harder to bleed faster, shipping 302.918 short tons which is 4,6% more than the previous year, while the price they could get in the market dropped by 7,3% to 1.101$ per ton. The business is currently a machine that destroys value, reporting a net loss of 12,8$ million that was only hidden by a one-time 11,9$ million insurance check. Without borrowing another 15,0$ million from the banks just to keep the machines running, the whole structure would already be suffocating under its own weight.