Annual Meeting of Shareholders: MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Supremex Inc. ("Supremex" or the "Company") (TSX: SXP), a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, will release its results for the first quarter ended March 31, 2025, before markets open Thursday, May 8, 2025. A conference call to discuss these results will be held on the same day, at 9:00 a.m. (Eastern Time). Conference Call: A live broadcast of the Con ...

Core Insights - Silgan Holdings Inc. reported record adjusted earnings of 82 cents per share for Q1 2025, exceeding the Zacks Consensus Estimate of 78 cents, marking a 19% year-over-year increase [1] - Total revenues for Q1 2025 reached $1.467 billion, up from $1.317 billion in the prior year, although it slightly missed the Zacks Consensus Estimate of $1.471 billion by 0.29% [2] - The company expects adjusted EPS for 2025 to be between $4.00 and $4.20, with anticipated volume improvements across all segments [7] Financial Performance - The cost of goods sold increased by 9.4% year over year to $1.2 billion, while gross profit rose 21% to $270 million, resulting in a gross margin of 18.4%, up from 17% in the prior year [2] - Selling, general and administrative expenses were $129 million, reflecting a 28.5% year-over-year increase, with adjusted operating income at $158.3 million compared to $135.5 million in the previous year [3] - The operating margin improved to 10.8% from 10.3% in the prior year [3] Segment Performance - The Dispensing and Specialty Closures segment saw revenues rise 25.2% year over year to $671 million, driven by the Weener acquisition and higher organic volume [4] - The Metal Containers segment's revenues increased by 1.8% to $628 million, with adjusted operating income rising 7.7% to $69 million [5] - In the Custom Containers segment, revenues were $167 million, up from $164 million, with adjusted operating income increasing to $33.3 million from $29.3 million [5] Cash Flow and Position - At the end of Q1 2025, the company had cash and cash equivalents of $353 million, down from $823 million at the end of 2024, with cash used in operating activities amounting to $683 million compared to $548 million in Q1 2024 [6] Stock Performance - Silgan Holdings' shares have increased by 18.7% over the past year, contrasting with a 6.1% decline in the industry [8]

Core Viewpoint - Sealed Air Corporation reported a mixed performance in Q1 2025, with adjusted earnings per share of 81 cents exceeding estimates, but total sales declined due to lower volumes in the Protective segment [1][2]. Financial Performance - Adjusted earnings per share were 81 cents, surpassing the Zacks Consensus Estimate of 67 cents, marking a 4% year-over-year improvement [1] - Total sales for the quarter were $1.272 billion, beating the Zacks Consensus Estimate of $1.269 billion, but down 4.3% from $1.33 billion in Q1 2024 [2] - The cost of sales decreased by 5% year over year to $881 million, while gross profit was $392 million, a 2% decrease from $401 million in the previous year [3] - Adjusted EBITDA was approximately $276 million, a decline of 0.7% from the year-ago period, with an adjusted EBITDA margin of 21.7%, up from 20.9% [4][5] Segment Performance - In the Food segment, net sales decreased by 2% year over year to $852.1 million, exceeding estimates, with pricing actions positively impacting sales by 0.6% [6] - The Protective segment saw net sales of $420 million, down 9% from the previous year, with a significant volume decline of 6.2% [7][8] - Adjusted EBITDA for the Food segment was around $203 million, up 7% year over year, while the Protective segment's adjusted EBITDA decreased by 17% to $74 million [9] Cash Flow and Balance Sheet - Cash flow from operating activities was approximately $32 million, down from $125 million in the prior year [10] - Total debt remained flat at $4.4 billion, with $1.3 billion in liquidity available as of March 31, 2025 [11] 2025 Guidance - Sealed Air expects net sales between $5.1 billion and $5.5 billion for 2025, projecting a 2% dip from $5.39 billion in 2024 [12] - Adjusted EBITDA is forecasted to be between $1.075 billion and $1.175 billion, with adjusted earnings per share expected to range from $2.90 to $3.30 [12] Share Price Performance - Over the past year, Sealed Air's shares have declined by 23%, compared to an 11.9% decline in the industry [13]

Ball (BALL) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Brandon Potthoff - Head of Investor RelationsDaniel Fisher - Chairman & CEOHoward Yu - Executive VP & CFOStefan Diaz - Vice President, Equity ResearchPhilip Ng - Managing DirectorJosh Spector - Executive DirectorGeorge Staphos - Managing DirectorNiccolo Piccini - Equity Research AssociateChristopher Parkinson - Managing Director Conference Call Participants Ghansham Panjabi - Senior Research AnalystAnthony Pettinari - AnalystEdl ...

Financial Data and Key Metrics Changes - Net sales for the first quarter were $1.27 billion, down 2% on a constant currency basis [23] - Adjusted EBITDA was $276 million, up 2% on a constant currency basis [23] - Adjusted earnings per share increased by 4% as reported and 9% on a constant currency basis, reaching $0.81 [24] - Adjusted EBITDA margin improved to 21.7%, up 80 basis points [25] Business Line Data and Key Metrics Changes - Food segment net sales were $852 million, up 1% on an organic basis, driven by pricing actions and marginal volume growth [26] - Protective segment net sales were $420 million, down 8% organically, primarily due to volume declines [27] - Food adjusted EBITDA was $203 million, up 7% as reported and 10% in constant currency, with an adjusted EBITDA margin of 23.8% [26][28] - Protective adjusted EBITDA was $74 million, down 18% as reported, with an adjusted EBITDA margin of 17.6%, down 180 basis points [28] Market Data and Key Metrics Changes - The industrial food processing markets were relatively flat compared to the previous year, with some regions showing growth while others faced declines [15][17] - In the Protective segment, box shipments in the U.S. were down low single digits, reflecting declining consumer confidence [19] - EMEA showed signs of stabilization, with volumes down just 1%, marking the best quarter since 2021 [28] Company Strategy and Development Direction - The company is focused on transforming its operations by reorganizing into two market-focused businesses: Food and Protective [6][7] - There is an emphasis on enhancing leadership and aligning commercial, innovation, and supply chain teams to better serve customers [8] - The company is actively reviewing its supply chain and optimizing production to mitigate potential tariff impacts and inflation [10][12] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious outlook due to potential softness in market demand and ongoing trade policy uncertainties [11][13] - The company is reaffirming its full-year guidance while anticipating better visibility into trade policies and market demand in the second half of the year [30][31] - Management expressed confidence in the food business's resilience and long-term potential despite current market volatility [17][18] Other Important Information - The company reported a cash flow use of $12 million in the first quarter, compared to a source of $78 million in the same period last year [29] - Total liquidity at the end of the quarter was $1.3 billion, with a net debt leverage ratio of 3.7 times [29] Q&A Session Summary Question: Comments on protective volumes and progress - Management indicated that protective volumes were down approximately 6% in Q1, but churn from large customers has been minimized, leading to expected sequential improvement in Q2 [35][36] Question: Measuring customer improvement - Management confirmed they are using customer feedback mechanisms and have seen improvements in customer satisfaction, although there is still work to be done [42][45] Question: Price changes and competitive landscape - Management noted that net price realization remains relatively unchanged, with competitive pressures particularly affecting the protective segment [53][55] Question: Gross margins despite sales decline - Management attributed margin expansion to ongoing productivity initiatives and cost takeout efforts, which have improved cost positions [61][62] Question: Timing for protective turnaround - Management indicated that the protective turnaround is ongoing, with expectations for improvements over the next 90 days to six months [72][75] Question: Volume assumptions for the second half - Management stated that they expect a modest decline in protective volumes of about 1% in the second half, with ongoing monitoring of market conditions [82][86]

Financial Data and Key Metrics Changes - The first quarter of 2025 saw comparable diluted earnings per share increase to $0.76 from $0.68 in the first quarter of 2024, representing a 12% increase [13] - Comparable net earnings for the first quarter were $216 million, driven by higher volumes, lower interest expenses, and cost management initiatives [13][15] - The company anticipates a net debt to comparable EBITDA ratio of 2.75 times by the end of 2025 and plans to repurchase at least $1.3 billion worth of shares [16][17] Business Line Data and Key Metrics Changes - In North and Central America, comparable operating earnings increased by 2% due to stronger-than-expected volume performance [13][14] - EMEA segment comparable operating earnings increased by 13%, supported by robust demand trends [14] - South America saw a 25% increase in segment comparable operating earnings, driven by strong volume performance across all markets [15] Market Data and Key Metrics Changes - Global shipments increased by 2.6% year-over-year in the first quarter of 2025, with volume growth in North America returning despite economic pressures [10] - The company expects global volume growth in the 2% to 3% range for 2025, with mid-single-digit growth anticipated in EMEA [11] - In South America, volume growth is expected to exceed the long-term range of 4% to 6% in 2025 due to recovery in Argentina and Chile [11] Company Strategy and Development Direction - The company is focused on achieving 11% to 14% comparable diluted earnings per share growth in 2025 and is confident in its ability to navigate external uncertainties [9][19] - A strategic partnership was formed with Oasis Venture Holdings for the aluminum cup business, indicating a focus on long-term growth potential [12] - The company emphasizes operational excellence, disciplined cost management, and efficiency improvements across its operations [17][20] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the ability to manage uncertainties related to tariffs and consumer pressures, particularly in the U.S. [9][19] - The company is optimistic about the demand for aluminum packaging, which continues to outperform other substrates globally [9] - Management highlighted the resilience of the business model, stating that the company typically performs well during economic slowdowns [75] Other Important Information - The company plans to maintain a full-year effective tax rate on comparable earnings slightly above 22% due to lower year-over-year tax credits [17] - Capital expenditures for 2025 are expected to be slightly below depreciation and amortization, in the range of $600 million [16][102] - The company has repurchased $651 million worth of shares year-to-date [16] Q&A Session Summary Question: Can you frame your supply position in Europe and where the next leg of incremental growth will come from? - Management indicated that they have made significant investments in Europe, which allows for scaling up production, and they expect continued growth into 2026 and 2027 [26][28] Question: How are self-improvement initiatives tracking in North America? - Management noted that while they do not expect margin expansion, they are seeing improvements in operational efficiencies, particularly in Europe and South America [30] Question: What is the potential impact of tariffs on demand, particularly regarding beer exposure in Mexico? - Management stated that the impact of tariffs is minimal and that they have not seen significant changes in customer behavior or forecasts [39] Question: How is the promotional environment shaping up in major markets? - Management observed that there has been innovation in the energy segment and a more deliberate effort to price products to drive volume [48][50] Question: Can the company achieve 11% EPS growth if volume falls short due to tariffs? - Management expressed confidence in navigating uncertainties and highlighted the resilience of aluminum packaging during economic downturns [72][75] Question: What are the expectations for margin sustainability in North America? - Management acknowledged that maintaining current margins will be challenging due to affordability pressures from CPG customers [112][114] Question: How is the contracting process for the new Florida facility shaping up? - Management confirmed that the Florida facility has been integrated and is expected to contribute significantly during the peak season [53]

Financial Data and Key Metrics Changes - In Q1 2025, comparable diluted earnings per share increased to $0.76 from $0.68 in Q1 2024, representing a 12% growth [12] - Comparable net earnings for Q1 2025 were $216 million, driven by higher volumes, lower interest expenses, and cost management initiatives [12][14] - The company anticipates a net debt to comparable EBITDA ratio of 2.75 times by year-end 2025 and plans to repurchase at least $1.3 billion worth of shares in 2025 [15][16] Business Line Data and Key Metrics Changes - North and Central America saw a 2% increase in comparable operating earnings, driven by stronger-than-expected volume performance, particularly in energy drinks and non-alcoholic beverages [12][13] - EMEA segment volume remained robust, with comparable operating earnings increasing by 13% [13] - South America experienced a 25% increase in segment comparable operating earnings, supported by strong volume performance across all markets [14] Market Data and Key Metrics Changes - Global shipments increased by 2.6% year-over-year in Q1 2025, with volume growth expected to be in the 2% to 3% range for the year [8][9] - In EMEA, mid-single-digit volume growth is anticipated for 2025, driven by the competitive advantages of aluminum packaging [9] - In South America, recovery in Argentina and Chile, along with growth in Brazil, is expected to drive volume growth above the long-term range of 4% to 6% in 2025 [9] Company Strategy and Development Direction - The company is focused on achieving 11% to 14% comparable diluted earnings per share growth in 2025 and generating record adjusted free cash flow [7][19] - A strategic partnership, Oasis Venture Holdings, was formed to enhance the aluminum cup business, indicating a focus on long-term growth potential [10] - The company emphasizes operational excellence, disciplined cost management, and driving efficiency across the organization [17][20] Management's Comments on Operating Environment and Future Outlook - Management remains confident in navigating uncertainties related to tariffs and consumer pressures, particularly in the U.S., while sustaining positive momentum [7][19] - The company is optimistic about the resilience of its global portfolio and strong customer alignment, which positions it well to handle potential economic slowdowns [10][19] - Management highlighted the importance of monitoring geopolitical developments and their potential impact on operations [17] Other Important Information - The company has repurchased $651 million worth of shares year-to-date and plans to continue aggressive stock repurchases [15] - The effective tax rate for 2025 is expected to be slightly above 22%, influenced by lower year-over-year tax credits [16] - Capital expenditures for 2025 are expected to be slightly below depreciation and amortization, in the range of $600 million [15][16] Q&A Session Summary Question: Can you frame your supply position in Europe and the next leg of incremental growth? - Management indicated that they have made significant investments in Europe, which allows for scaling up production, and they expect continued growth into 2026 and 2027 [25][28] Question: How are self-improvement initiatives tracking in North America? - Management noted that while they do not expect margin expansion, they are seeing improvements in Europe and South America due to lean initiatives [30] Question: What is the impact of tariffs on demand, particularly regarding Mexico beer exposure? - Management stated that the impact of tariffs is minimal and they have not seen significant changes in customer behavior or forecasts [36][38] Question: How is the promotional environment shaping up in major markets? - Management observed that there has been innovation in the energy segment and a more deliberate effort to price products to drive volume [46] Question: Can the company achieve 11% EPS growth if volume falls short due to tariffs? - Management expressed confidence in navigating uncertainties and highlighted the resilience of aluminum packaging in a recession [70][74] Question: What are the expectations for margin sustainability in North America? - Management acknowledged that maintaining current margins will be challenging due to affordability concerns among CPG customers [112][114] Question: How is the company adjusting its mix in specialty cans? - Management noted that there is growth in 12-ounce cans and that affordability is a key factor in the current market [115] Question: What are the trends in Latin America and expectations for growth? - Management indicated that Brazil is expected to see 2% to 3% growth, with recovery in Argentina and Chile contributing to overall growth in the region [121][123] Question: How should the market view supply-demand dynamics in Europe? - Management highlighted that Europe presents more growth opportunities than North America due to the shift away from glass packaging [125][128]

Core Insights - Sealed Air reported revenue of $1.27 billion for Q1 2025, a decrease of 4.3% year-over-year, but slightly above the Zacks Consensus Estimate of $1.27 billion, resulting in a surprise of +0.26% [1] - The company's EPS for the quarter was $0.81, an increase from $0.78 in the same quarter last year, with a significant EPS surprise of +20.90% compared to the consensus estimate of $0.67 [1] Financial Performance - Net Sales in the Food segment were $852.10 million, slightly below the estimated $854.65 million, reflecting a year-over-year decline of -1.9% [4] - Net Sales in the Protective segment were $420.40 million, exceeding the average estimate of $417.02 million, but showing a year-over-year decrease of -8.9% [4] - Adjusted EBITDA for the Food segment was reported at $202.70 million, surpassing the estimate of $191.56 million [4] - Adjusted EBITDA for Corporate expenses and unallocated costs was -$0.30 million, better than the estimated -$3.34 million [4] - Adjusted EBITDA for the Protective segment was $73.90 million, slightly above the average estimate of $72 million [4] Market Performance - Sealed Air's shares have returned +14% over the past month, outperforming the Zacks S&P 500 composite's +11.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $1.27 billion, down 2% on a constant currency basis [22] - Adjusted EBITDA was $276 million, up 2% on a constant currency basis [22] - Adjusted earnings per share increased by 4% as reported and 9% on a constant currency basis, reaching $0.81 [22][24] - Adjusted EBITDA margin improved to 21.7%, up 80 basis points from the previous year [24] Business Line Data and Key Metrics Changes - Food segment net sales were $852 million, up 1% on an organic basis, driven by pricing actions and marginal volume growth [25] - Protective segment net sales were $420 million, down 8% organically, primarily due to volume declines of 6% [26] - Food adjusted EBITDA was $203 million, up 7% as reported and 10% in constant currency, with an adjusted EBITDA margin of 23.8%, up 200 basis points [25][26] Market Data and Key Metrics Changes - The industrial food processing markets were relatively flat compared to the previous year, with the South American cattle cycle remaining strong [14] - In North America, the beef market performed slightly better than expected, while pork and turkey markets were weaker [14] - Box shipments in the U.S. were down low single digits in Q1, reflecting declining consumer confidence [19] Company Strategy and Development Direction - The company is focused on transforming its operations by reorganizing into two market-focused businesses: Food and Protective [5][6] - There is an emphasis on enhancing leadership and aligning commercial, innovation, and supply chain teams to better serve customers [6] - The company is actively reviewing its supply chain to mitigate potential tariff impacts and minimize inflation [7][8] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious approach due to a potentially weakening demand environment and ongoing trade policy uncertainties [10][11] - The company expects to gain more visibility into trade policies and market demand as the year progresses [12] - Management reaffirmed full-year guidance, anticipating modest volume softness but offset by improved foreign exchange outlook [30] Other Important Information - The company is targeting to drive net debt to adjusted EBITDA to approximately 3.0 times by the end of 2026 [28] - Cash flow was a use of $12 million in Q1, compared to a source of $78 million in the same period last year [28] Q&A Session Summary Question: What specific progress is being seen in the Protective segment? - Management indicated that volumes were down 6% in Q1 but noted that large customer churn has minimized since Q1 2024, leading to expected sequential improvement [35][36] Question: How is customer satisfaction being measured? - Management confirmed that customer satisfaction is being tracked through feedback and direct engagement with distribution partners, showing improvement but still needing work [44][46] Question: What is the outlook for pricing in the Protective segment? - Management noted that net price realization remains relatively unchanged, with competitive pressures affecting pricing dynamics in the Protective segment [54][56] Question: What are the volume assumptions for the second half of the year? - Management stated that they expect a modest volume decline of about 1% in the Protective segment for the second half [82] Question: How much of the equipment materials are sourced domestically? - Management indicated that most equipment materials are sourced domestically, with limited exposure to tariffs impacting equipment sales [86]

Ranpak (PACK) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Company Participants Sara Horvath - Executive VP, Chief Legal & HR OfficerOmar Asali - Chairman and Chief Executive OfficerWilliam Drew - EVP & CFO Conference Call Participants Danny Eggerichs - Equity Research AnalystNone - Analyst Operator Good morning, and welcome to the Randpak Holdings Corp. First Quarter twenty twenty five Earnings Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and a ...