Packaging manufacturers detail 2024 results
Catch up on the running list of full-year 2024 results for major companies and what executives had to say about the outlook for 2025.
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Tariff uncertainty looms large for Cascades
By Katie Pyzyk • Feb. 21, 2025
Tariffs could impact 15% of Cascades' revenues, so the company has devised plans to mitigate potential negative effects, executives said on Thursday’s earnings call. Read the full article ➔
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Sonoco turns M&A eye to ThermoSafe sale after Eviosys deal close
By Katie Pyzyk • Feb. 20, 2025
M&A drove a “milestone” year in 2024, Sonoco executives said. But the Eviosys acquisition’s longer-than-expected approval timeline affected contract negotiations, said CEO Howard Coker. Read the full article ➔
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Clearwater Paper eliminates 200 positions as part of cost-cutting plan
By Katie Pyzyk • Feb. 18, 2025
The positions represent 10% of the company’s workforce. In 2025, Clearwater will work to broaden its product portfolio and improve operational performance, executives said. Read the full article ➔
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Smurfit Westrock balances closures, investments in ‘transformation’ year
By Katie Pyzyk • Feb. 12, 2025
The company also is assessing the potential impacts of new tariffs and eyeing other pricing models, executives said. Read the full article ➔
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Graphic Packaging ‘very pleased’ with customer response to third-party pricing index exit
By Katie Pyzyk • Feb. 5, 2025
The company anticipates little impact from new tariffs, executives said. Plus, they updated progress on the recycled paperboard mill expected to open in Waco, Texas, this year. Read the full article ➔
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Amcor feels pain from healthcare destocking, says Berry deal on track
By Maria Rachal • Feb. 4, 2025
Volumes were up for Amcor, but lingering healthcare destocking and weaker beverage demand in North America presented headwinds. Separately, Berry disclosed that the sale of its tape business to private equity closed in February. Read the full article ➔
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International Paper details new box plant as part of turnaround strategy
By Katie Pyzyk • Jan. 30, 2025
“The goal is, over the next few years, to completely reconfigure our box plant network,” said CEO Andy Silvernail. Executives also discussed IP's acquisition of a bulk plant in Louisiana and finalization of the DS Smith takeover. Read the full article ➔
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PCA ‘frustrated’ with pricing index, plans to stop using it
By Katie Pyzyk • Jan. 29, 2025
Packaging Corporation of America plans to exit Fastmarkets RISI’s index and “unwind” customer contracts tied to it, executives said. They also discussed a new box plant under construction in Ohio. Read the full article ➔
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- Packaging manufacturers share insights from Q3 By Packaging Dive Staff • Updated Nov. 12, 2024
