Business Wednesday, Oct 29

Operator

Thank you for standing by. At this time, I would like to welcome everyone to today’s Clearwater Paper Third Quarter 2025 Earnings Conference Call. [Operator Instructions]

I’d now like to turn the call over to Sloan Bohlen, Investor Relations. Sloan?

Sloan Bohlen
Investor Relations Officer

Thank you, Greg. Good afternoon, and thank you for joining Clearwater Paper’s Third Quarter 2025 Earnings Conference Call. Joining me on the call today are Arsen Kitch, President and Chief Executive Officer; and Sherri Baker, Senior Vice President and Chief Financial Officer.

Financial results for the third quarter of 2025 were released shortly after today’s market close. You will find a presentation of supplemental information, including a slide providing the company’s current outlook posted on our Investor Relations page at 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 financial information to comparable GAAP information is included in the press release and in the supplemental information provided on our website. Please note Slide 2 of our supplemental information covering forward-looking statements. Rather than reading this slide, we’ll incorporate it by reference into our prepared remarks.

And with that, let me turn the call over to Arsen.

Arsen Kitch
CEO, President & Director

Thank you, and good afternoon, everyone. Let me begin with a summary of our third quarter performance highlights. We delivered adjusted EBITDA of $18 million, which is towards the high end of our guidance range of $10 million to $20 million. Year-to-date adjusted EBITDA

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