Clearwater Paper Shares Hit 17-Year Low Following Q1 Loss Expansion

Apr 29, 2026 19:32 UTC

CLW

Short term

Clearwater Paper saw its stock price plummet after reporting widened quarterly losses and a decline in revenue. A downgrade from TD Cowen further pressured the shares to their lowest levels since 2009.

Revenue declined 5% Y/Y to $360 million
Net loss increased to $13 million ($0.80 per share)
Stock price dropped 14.5% to $11.73
TD Cowen issued a downgrade following the results

Clearwater Paper (CLW) experienced a sharp sell-off on Wednesday, with shares dropping 14.5% to reach an intraday low of $11.73. This price point represents the company's lowest valuation since 2009, reflecting investor concern over deteriorating financial performance. The decline follows the release of first-quarter results that showed a contraction in both top-line growth and bottom-line profitability. The company is facing headwinds that have led to a widening net loss, prompting analysts to reassess the stock's valuation. For the first quarter, Clearwater Paper reported revenue of $360 million, marking a 5% year-over-year decrease. The company's net loss widened to $13 million, which translates to a loss of $0.80 per share. The negative earnings surprise was compounded by a downgrade from TD Cowen, accelerating the downward momentum. The breach of the 2009 price floor suggests a significant loss of confidence in the company's short-term recovery trajectory.