Clearwater Paper Corp. reported second-quarter net income of $2.7 million, or 17 cents per diluted share, an increase over the year-earlier second quarter when the Spokane-based paperboard manufacturer posted a net loss of $25.8 million, or $1.55 per share.

“We delivered a strong second quarter in line with our expectations, with higher shipments, higher production, and lower fixed costs,” says Arsen Kitch, president and CEO, in a press release.

Net sales for the company rose to $391.8 million in Q2, up from $344.4 million in Q2 2024.

The rise in sales was primarily due to incremental volume from Clearwater’s paperboard manufacturing facility in Augusta, Georgia, which the company acquired for $700 million in May 2024.

Through the first six months of the year, Clearwater has reported a net loss of $3.6 million, an improvement compared with the net loss of $8.6 million the company reported through the first half of last year.

Clearwater (NYSE: CLW) stock traded at $29.44 per share at the close of the market on July 29, closer to its 52-week low of $22.58 per share than its 52-week high of $56.73.