Packaging manufacturers discuss Q1 trends
Catch up on the latest earnings commentary from Berry, Sonoco, O-I, Graphic Packaging, Amcor, Crown, PCA, International Paper and Ball.
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Berry completes multiple divestitures with ‘line of sight to much more’
By Maria Rachal • May 10, 2024
Divestitures within the next year could net at least $2 billion in cash proceeds, said Berry Global CEO Kevin Kwilinski, who is upping the company’s focus on consumer packaging. Read the full article ➔
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Sonoco says higher snack, food prices hurt packaging sales volumes
By Katie Pyzyk • May 3, 2024
Executives expect slower consumer spending, even when brands and retailers run promotions, to stretch into the second quarter and dampen sales. Read the full article ➔
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O-I blames destocking as down quarter gives way to lower 2024 projections
By Maria Rachal • May 2, 2024
O-I Glass muted sales volume estimates amid consumer weakness, and it expects customers’ excess capacity may temper typical seasonal demand. But April showed improvements over recent quarters, executives said. Read the full article ➔
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Graphic Packaging sees volumes improve, finalizes Georgia mill sale
By Katie Pyzyk • May 2, 2024
Executives on Tuesday’s earnings call emphasized progress with “innovation” sales, including for the Boardio rigid fiber canisters, Nissin Cup Noodles fiber cups and Chick-fil-A fiber cold beverage cups. Read the full article ➔
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Destocking abates, but healthcare market still a sticking point, Amcor says
By Maria Rachal • May 1, 2024
Interim CEO Peter Konieczny also weighed in on packaging regulations advancing in the EU and the potential extension of some companies’ sustainability targets during a Tuesday earnings call. Read the full article ➔
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Crown projects up to 5% volume growth in North America this year
By Maria Rachal • April 30, 2024
CEO Tim Donahue said that after notable destocking in the fourth quarter, business is bouncing back in Europe this year, where one of two new plants recently got up and running. Read the full article ➔
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Ball navigates shifting beverage markets after aerospace sale, Bud Light boycott
By Maria Rachal • April 29, 2024
Volumes and mix for Ball are shifting as the beer market resets. In the can maker’s first earnings call since completing the sale of its aerospace business, executives detailed plans for significant stock buybacks in 2024. Read the full article ➔
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Fire and ice cool International Paper’s Q1 earnings
By Katie Pyzyk • April 26, 2024
January and February incidents resulted in notable charges. CEO Mark Sutton, during his last earnings call before retirement, discussed volume trends but didn’t comment on the announced DS Smith acquisition. Read the full article ➔
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PCA’s corrugated product shipments rise as demand rebounds
By Katie Pyzyk • April 23, 2024
Demand in Q1 exceeded Packaging Corp. of America's expectations, said CEO Mark Kowlzan. Executives again expressed frustration with the impact of Fastmarkets RISI’s pricing index and noted the search for alternative methods. Read the full article ➔
Recommended Reading
- Packaging manufacturers’ sales results in 2023 By Packaging Dive Staff • Updated March 1, 2024
