Clearwater Paper Corporation (CLW) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Clearwater Paper fourth quarter and full year 2025 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. I will now hand the call over to Sloan Bolin, Investor Relations. Please go ahead. Thank you so much. Good afternoon, and thank you for joining Clearwater Papers' fourth quarter and full year 2025 earnings conference call. Joining me on the call today are Arsene Kitsch, President and Chief Executive Officer, and Sherry Baker, Senior Vice President and Chief Financial Officer. Financial results for the fourth quarter of 2025 are released shortly after today's market closed. 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 two 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 Arsene. 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 pleased with how well our team executed, even as we faced a challenging industry en...