Clearwater Paper Corporation (CLW) Q4 2025 Earnings Call Transcript

SA Transcripts158.48K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Clearwater Paper Corporation (CLW) Q4 2025 Earnings Call February 18, 2026 5:00 PM EST Company Participants Sloan Bohlen - Investor Relations OfficerArsen Kitch - CEO, President & DirectorSherri Baker - Senior VP & CFO Conference Call Participants Michael Roxland - Truist Securities, Inc., Research DivisionSean Steuart - TD Cowen, Research DivisionAmit Prasad - RBC Capital Markets, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the Clearwater Paper Fourth Quarter and Full Year 2025 Earnings Conference Call. [Operator Instructions] I will now hand the call over to Sloan Bohlen, Investor Relations. Please go ahead. Sloan BohlenInvestor Relations Officer Thank you so much. Good afternoon, and thank you for joining Clearwater Paper's fourth quarter and full year 2025 earnings conference call. Joining me on the call today are Arsen Kitch, President and Chief Executive Officer; and Sherri Baker, Senior Vice President and Chief Financial Officer. Financial results for the fourth quarter of 2025 were released shortly after today's market close. You will find a presentation of supplemental information, including a slide providing the company's current outlook posted on the Investor Relations page of our website at clearwaterpaper.com. Additionally, we will be providing certain non-GAAP financial information in this afternoon's discussion. A reconciliation of the non-GAAP information to comparable GAAP information is included in the press release and in the supplemental information provided on our website. Please note Slide 2 of our supplemental information covering forward-looking statements. Rather than reading this slide we'll incorporate it by reference into our prepared remarks. With that, let me turn the call over to Arsen. Arsen KitchCEO, President & Director Good afternoon, and thank you for joining us today. 2025 was a transformational year for Clearwater Paper. It was our first full year operating as a paperboard focused business, and I'm