Clearwater Paper reported strong third-quarter performance with adjusted EBITDA of $18 million, driven by effective cost reduction strategies and incremental volume growth, despite ongoing industry margin pressures.

• Adjusted EBITDA reached $18 million, significantly up from $26 million year-to-date, highlighting improved operational efficiency.
• Net sales increased by 2% quarter-over-quarter, supported by a 6% rise in shipment volumes.
• Fixed cost reduction initiatives are expected to yield $50 million in savings for the year, surpassing previous estimates of $30 million to $40 million.
• Successful completion of all planned major maintenance outages signals enhanced operational reliability and cost management.
• Anticipated industry dynamics may lead to a rebalancing of supply and demand, with potential for higher utilization rates in 2026.