Clearwater Paper Corp 8-K
Research Summary
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Clearwater Paper Reports Q4 and Full‑Year 2025 Results
What Happened
- On February 18, 2026, Clearwater Paper Corporation (CLW) announced its results of operations for the fourth quarter and full year ended December 31, 2025. The company furnished a press release (Exhibit 99.1) and supplemental fourth-quarter 2025 earnings materials (Exhibit 99.2) with the Form 8‑K.
- In addition to GAAP results, Clearwater Paper disclosed non‑GAAP measures including “Adjusted EBITDA from continuing operations” and “adjusted net income (loss) from continuing operations,” and provided definitions and reconciliations in the attached materials. The filing was signed by Rebecca A. Barckley, Vice President, Corporate Controller (Principal Accounting Officer).
Key Details
- Filing date: February 18, 2026; reporting period: quarter and year ended December 31, 2025.
- Exhibits: press release (Exhibit 99.1) and supplemental earnings materials (Exhibit 99.2) accompany the 8‑K.
- Non‑GAAP metrics disclosed:
- Adjusted EBITDA from continuing operations = earnings before interest, taxes, depreciation & amortization, other operating credits/charges (net), and other non‑operating items from continuing operations.
- Adjusted net income (loss) from continuing operations excludes goodwill impairment charges and other operating credits/charges (net) and is adjusted to a normalized tax rate.
- Company warning: these non‑GAAP measures are supplemental, not substitutes for GAAP results, may be calculated differently by other companies, and have material limitations.
Why It Matters
- Investors receive Clearwater Paper’s most recent quarterly and annual results and the company’s view of operating performance via its reported non‑GAAP measures (Adjusted EBITDA and adjusted net income).
- The supplemental materials will show how management adjusts GAAP results for items it considers non‑operational; because these measures can affect comparisons across peers and periods, investors should review the press release and reconciliations alongside GAAP statements to understand the full picture.