Clearwater Paper Corp.
- CLW ยท NYSE
- Paperboard Mills
- Spokane, WA
- 1,900 employees
- CIK 0001441236
Updated from SEC filings through
Top things to know
Executives
- Arsen Kitch President and chief executive officer 8-K, 2026-10-26
- Arsen S. Kitch President, CEO 4/A, 2026-05-28
- Sherri Baker SVP, CFO 4, 2026-08-18
- Sherri J. Baker Senior Vice President, Chief Financial Officer 10-K, 2026-02-18
- Virginia L. Aulin Senior Vice President 4, 2026-03-17
- Sean M. Krajnik Senior Vice President 4, 2026-03-17
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed October 26, 2026
Clearwater Paper Corp is a U.S. public company in paperboard mills (SIC 2631), headquartered in Spokane, WA. It trades as CLW on NYSE. Revenue was $1.6B in the fiscal year ending December 31, 2025, +12.4% from the year before. It reported about 1,900 employees. Arsen Kitch is President and chief executive officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.6B 10-K, 2026-02-18 | $1.4B 10-K, 2026-02-18 | $1.1B 10-K, 2026-02-18 | $1.2B 10-K, 2025-02-24 | $1.8B 10-K, 2024-02-20 |
| Operating income | -$42.1M 10-K, 2026-02-18 | -$64.5M 10-K, 2026-02-18 | $78.1M 10-K, 2026-02-18 | $99.3M 10-K, 2025-02-24 | $12.0M 10-K, 2024-02-20 |
| SG&A | $101M 10-K, 2026-02-18 | $117M 10-K, 2026-02-18 | $119M 10-K, 2026-02-18 | $110M 10-K, 2025-02-24 | $113M 10-K, 2024-02-20 |
| Net income | -$18.6M 10-K, 2026-02-18 | $196M 10-K, 2026-02-18 | $108M 10-K, 2026-02-18 | $46.0M 10-K, 2025-02-24 | -$28.1M 10-K, 2024-02-20 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Arsen Kitch | President and chief executive officer | 8-K, 2026-10-26 |
| Arsen S. Kitch President & CEO | Board Director | Leading Through Complexity to Deliver Operational Performance & Long-Term Value Creation | Turnarounds | M&A | Capital Alloca | President, CEO | 4/A, 2026-05-28 |
| Sherri Baker | SVP, CFO | 4, 2026-08-18 |
| Sherri J. Baker | Senior Vice President, Chief Financial Officer | 10-K, 2026-02-18 |
| Virginia L. Aulin HR and Public Affairs Executive | Senior Vice President | 4, 2026-03-17 |
| Sean M. Krajnik | Senior Vice President | 4, 2026-03-17 |
| Matthew D. Passarello | Senior Vice President, Supply Chain and Corporate Development | 10-K, 2026-02-18 |
| Marc D. Rome General Counsel at Clearwater Paper | SVP, Gen. Counsel & Corp. Sec. | 4, 2026-07-06 |
| Mathew D. Passarello | Sr. V.P. | 4, 2026-05-19 |
| Ann C. Nelson | Board member (per proxy) bio: Independent | DEF 14A, 2026-03-27 |
| Christine M. Vickers Tucker | Board member (per proxy) bio: Independent | DEF 14A, 2026-03-27 |
| Joe W. Laymon | Board member (per proxy) bio: Independent | DEF 14A, 2026-03-27 |
| John J. Corkrean | Board member (per proxy) bio: Independent | DEF 14A, 2026-03-27 |
| John P. O'Donnell | Board member (per proxy) bio: Independent | DEF 14A, 2026-03-27 |
| Steve M. Bowden Senior Vice President General Manager, Pulp and Paperboard Division at Clearwater Paper Corporation | Sr. V.P. | 4, 2026-03-17 |
| Rebecca Anne Barckley | VP, Controller | 4, 2026-03-17 |
What Clearwater Paper Corp does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 16.1 million (as of October 23, 2026) | 10-Q, October 26, 2026 |
|---|---|---|
| Public float | $428M (as of June 30, 2025) | 10-K, February 18, 2026 |
| Latest proxy statement | Meeting May 7, 2026 (filed March 27, 2026) | DEF 14A, March 27, 2026 |
| Auditor | Kpmg LLP (Seattle, Washington) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 28, 2025 | Steve M. Bowden Sr. V.P. | Sale | 8,889 | $161K | Form 4, December 2, 2025 |
Recent 8-K events
- 8-K filed 2026-10-26
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-09-21
- 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
- 8-K filed 2026-07-28
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-12
- 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
- 8-K filed 2026-04-28
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-18
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-10-28
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-07-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-05-21
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-05-12
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Clearwater Paper Corp
- What does Clearwater Paper Corp do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Clearwater Paper Corp's revenue?
- $1.6B for the fiscal year ending December 31, 2025, from its 10-K filed February 18, 2026.
- Is Clearwater Paper Corp profitable?
- Clearwater Paper Corp reported net income of -$18.6M for the fiscal year ending December 31, 2025.
- How many employees does Clearwater Paper Corp have?
- About 1,900 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Clearwater Paper Corp?
- Arsen Kitch, President and chief executive officer, as named in a 8-K filed October 26, 2026.
- Who is the CFO of Clearwater Paper Corp?
- Sherri Baker, SVP, CFO, as named in a 4 filed August 18, 2026.
- Where is Clearwater Paper Corp headquartered?
- Spokane, WA.
- What is Clearwater Paper Corp's stock ticker?
- CLW on NYSE.
- What industry is Clearwater Paper Corp in?
- Paperboard Mills, SIC code 2631.
- What is Clearwater Paper Corp's website?
- clearwaterpaper.com.
- When does Clearwater Paper Corp report earnings next?
- January 25, 2027. Source: estimate_8k_pattern.
- Is Clearwater Paper Corp a public company?
- Yes. Clearwater Paper Corp files with the SEC under CIK 0001441236 and trades as CLW.
- Who audits Clearwater Paper Corp?
- Kpmg LLP, Seattle, Washington, as named in its latest annual report (10-K).
- How many shares of Clearwater Paper Corp are outstanding?
- 16.1 million shares as of October 23, 2026, from its 10-Q filed October 26, 2026.
- What is Clearwater Paper Corp's public float?
- $428M as of June 30, 2025, as reported on the cover of its 10-K filed February 18, 2026.
- When is Clearwater Paper Corp's annual shareholder meeting?
- May 7, 2026, per its proxy statement (DEF 14A) filed March 27, 2026.
- Have Clearwater Paper Corp insiders traded stock recently?
- Since November 28, 2025, officers and directors reported 1 open-market sale worth about $161K and 0 purchases on Forms 4 and 5. The most recent: Steve M. Bowden (Sr. V.P.) sold 8,889 shares on November 28, 2025.