Clearwater Paper Corporation reported a net profit of $199.1 million for the fourth quarter ended December 31, 2024. For the full year 2024, the company reported a net loss of $10.98 per share, compared to a profit of $6.39 per share in fiscal year 2023, with revenue of $1.38 billion, down 34% from 2023.
Net sales from continuing operations increased by 22% compared to 2023, primarily driven by the incremental volume from the Augusta acquisition. However, net loss from continuing operations was $74 million, compared to a net income of $49 million in 2023, due to lower paperboard pricing and higher maintenance costs.
Adjusted EBITDA from total operations for 2024 was $182 million, down from $281 million in 2023. The company reduced its net debt by $199 million in 2024, achieving a net leverage ratio of 1.1 times at year-end 2024, and repurchased $18 million of shares year-to-date 2025 under its $100 million authorization.
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