SPOKANE, Washington — Clearwater Paper, an independent supplier of bleached paperboard to North American converters, reported financial results for the fourth quarter and year ended December 31, 2025. …Net sales were $386 million for the fourth quarter of 2025, flat compared to fourth quarter 2024 net sales of $387 million. Net income for the fourth quarter of 2025 was $38 million, compared to $199 million for the fourth quarter of 2024, which included a $307 million of gain on sale of the tissue division ($218 million after tax). Adjusted EBITDA from continuing operations was $20 million, compared to $9 million in the fourth quarter of 2024. For the full year 2025, net sales of $1.6 billion… and net loss from continuing operations of $53 million.