Clearwater Paper Corporation reported net sales of $378 million for the first quarter ended March 31, 2025, a 46% increase compared to $259 million in the first quarter of 2024. The company's Adjusted EBITDA reached $30 million, a significant improvement from $14 million in the prior-year quarter.
The increase in Adjusted EBITDA was primarily driven by higher sales volume due to the inclusion of the Augusta facility, the absence of a significant weather event that impacted Q1 2024, and benefits from the cost reduction plan. These positive factors offset a 4% decrease in average sales prices compared to Q1 2024.
Clearwater Paper successfully completed the integration of the Augusta mill and is focused on fully capturing volume and cost synergies by the end of 2026. The company repurchased $11 million of shares in Q1 2025, bringing the total to $15 million since the $100 million authorization in November 2024.
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