# Clearwater Paper Corp (CLW)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/clearwater-paper-corp/ JSON: https://steadybase.io/company/clearwater-paper-corp.json Checked Nov 10, 2026. Latest filing read: Oct 26, 2026.

## Company

- Legal name: Clearwater Paper Corp
- Ticker: CLW (NYSE)
- SEC CIK: 0001441236
- Industry: Paperboard Mills (SIC 2631)
- Headquarters: Spokane, WA
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: clearwaterpaper.com
- LinkedIn: https://www.linkedin.com/company/clearwaterpaper
- Next earnings date: Jan 25, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $1.6B for the fiscal year ended Dec 31, 2025 (10-K filed Feb 18, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/0001441236-26-000007-index.html
- Operating income: -$42.1M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 18, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/0001441236-26-000007-index.html
- Net income: -$18.6M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 18, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/0001441236-26-000007-index.html
- SG&A: $100.8M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 18, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/0001441236-26-000007-index.html
- Employees: 1,900 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm
- Shares outstanding: 16,141,717 as of Oct 23, 2026 (10-Q filed Oct 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000162828026067282/0001628280-26-067282-index.html
- Auditor: Kpmg LLP, Seattle, Washington, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm

## Business

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.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $1.6B | -$42.1M | -$18.6M | $100.8M |
| Dec 31, 2024 | $1.4B | -$64.5M | $196.3M | $116.7M |
| Dec 31, 2023 | $1.1B | $78.1M | $107.7M | $119.4M |
| Dec 31, 2022 | $1.2B | $99.3M | $46.0M | $110.0M |
| Dec 31, 2021 | $1.8B | $12.0M | -$28.1M | $112.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/clearwater-paper-corp.json

## Officers and directors

- Arsen Kitch, President and chief executive officer. Source: 8-K filed Oct 26, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000162828026067280/clw-20260930x8kexhibit991.htm
- Arsen S. Kitch, President, CEO. LinkedIn: https://linkedin.com/in/arsenkitch. Source: 4/A filed May 28, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000172565726000012/0001725657-26-000012-index.htm
- Sherri Baker, SVP, CFO. Source: Form 4 filed Aug 18, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000177314226000009/0001773142-26-000009-index.htm
- Sherri J. Baker, Senior Vice President, Chief Financial Officer. LinkedIn: https://www.linkedin.com/in/sherri-baker-b7822120. Source: 10-K filed Feb 18, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm
- Rebecca Anne Barckley, VP, Controller. Source: Form 4 filed Mar 17, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000150433726000006/0001504337-26-000006-index.htm
- Sean M. Krajnik, Senior Vice President. Source: Form 4 filed Mar 17, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000210376626000007/0002103766-26-000007-index.htm
- Virginia L. Aulin, Senior Vice President. LinkedIn: https://linkedin.com/in/virginia-aulin-24634020. Source: Form 4 filed Mar 17, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000210388126000009/0002103881-26-000009-index.htm
- Matthew D. Passarello, Senior Vice President, Supply Chain and Corporate Development. Source: 10-K filed Feb 18, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm
- Marc D. Rome, SVP, Gen. Counsel & Corp. Sec.. LinkedIn: https://linkedin.com/in/marc-rome-428b353. Source: Form 4 filed Jul 6, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000207475026000011/0002074750-26-000011-index.htm
- Mathew D. Passarello, Sr. V.P.. Source: Form 4 filed May 19, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000204939526000009/0002049395-26-000009-index.htm
- Jeanne M. Hillman, director. Source: 8-K filed May 12, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000028/clw-20260507.htm
- Steve M. Bowden, Sr. V.P.. LinkedIn: https://linkedin.com/in/steve-bowden-5b456a7. Source: Form 4 filed Mar 17, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000175487426000005/0001754874-26-000005-index.htm
- Alexander Toeldte, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm
- Ann C. Nelson, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm
- Christine M. Vickers Tucker, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm
- Joe W. Laymon, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm
- John J. Corkrean, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm
- John P. O'Donnell, Board member (per proxy). Source: DEF 14A filed Mar 27, 2026, https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm

## Recent 8-K events

- Oct 26, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1441236/000162828026067280/clw-20261022.htm
- Sep 21, 2026: Item 1.01, Entry into a material definitive agreement; Item 1.02, Termination of a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1441236/000119312526396048/d112859d8k.htm
- Jul 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1441236/000162828026050153/clw-20260728.htm
- May 12, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000028/clw-20260507.htm
- Apr 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000024/clw-20260428.htm
- Feb 18, 2026: Item 2.02, Results of operations and financial condition (earnings release). Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000006/clw-20260218.htm
- Oct 28, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1441236/000144123625000007/clw-20251024.htm
- Jul 29, 2025: Item 2.02, Results of operations and financial condition (earnings release). Source: https://www.sec.gov/Archives/edgar/data/1441236/000201138325000019/clw-20250729.htm
- May 21, 2025: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1441236/000150433725000020/clw-20250516.htm
- May 12, 2025: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1441236/000119312525117819/d898239d8k.htm

## Insider trades (Form 4)

- Nov 28, 2025: Steve M. Bowden (Sr. V.P.) sold 8,889 shares, about $161,246. Source: https://www.sec.gov/Archives/edgar/data/1441236/000175487425000004/0001754874-25-000004-index.htm

## What management said

- "We delivered strong commercial execution during the quarter, with average selling prices increasing versus the second quarter. We successfully implemented our first announced price increase and continue to make meaningful progress on implementing the second increase" Arsen Kitch, president and chief executive officer (8-K filed Oct 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1441236/000162828026067280/clw-20260930x8kexhibit991.htm

## Latest filings

- 8-K filed Oct 26, 2026: https://www.sec.gov/Archives/edgar/data/1441236/000162828026067280/clw-20261022.htm
- 10-K filed Feb 18, 2026: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000007/clw-20251231.htm
- 10-Q filed Oct 26, 2026: https://www.sec.gov/Archives/edgar/data/1441236/000162828026067282/clw-20260930.htm
- DEF 14A filed Mar 27, 2026: https://www.sec.gov/Archives/edgar/data/1441236/000144123626000018/clw-20260327.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/