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Avery Dennison (AVY) Q1 Earnings and Revenues Miss Estimates
ZACKS· 2025-04-23 12:55
Company Performance - Avery Dennison reported quarterly earnings of $2.30 per share, missing the Zacks Consensus Estimate of $2.32 per share, representing an earnings surprise of -0.86% [1] - The company posted revenues of $2.15 billion for the quarter, also missing the Zacks Consensus Estimate by 0.11%, with year-ago revenues remaining the same at $2.15 billion [2] - Over the last four quarters, Avery Dennison has surpassed consensus EPS estimates three times and topped revenue estimates only once [2] Stock Movement and Outlook - Avery Dennison shares have declined approximately 6.6% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.55 on revenues of $2.25 billion, and for the current fiscal year, it is $9.87 on revenues of $8.9 billion [7] Industry Context - The Containers - Paper and Packaging industry, to which Avery Dennison belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Avery Dennison's stock may be influenced by the overall outlook for the industry [8]
Packaging Corporation of America: Guidance Points To Significant Weakness Ahead
Seeking Alpha· 2025-04-23 01:06
Core Insights - Packaging Corporation of America (NYSE: PKG) experienced a strong performance in 2024 but has seen a steady decline in its share price throughout 2025 due to disappointing Q4 results and a broader market sell-off [1] Financial Performance - The company reported disappointing Q4 results, contributing to the decline in share price [1] Market Reaction - Following the Q4 results, shares of Packaging Corporation of America have only increased marginally, indicating a lack of investor confidence [1]
Sonoco Named to USA TODAY America's Climate Leaders 2025 List
Newsfilter· 2025-04-23 00:00
Core Points - Sonoco Products Company has been recognized as one of America's Climate Leaders 2025 by USA TODAY and Statista, highlighting its commitment to sustainability [1][2] - The award is based on a two-step process involving an application phase and a data analysis phase, focusing on year-over-year reduction in emissions intensity [2][7] - Sonoco emphasizes accountability and transparency in its sustainability efforts, with a focus on sustainable metal and fiber packaging [2] Company Overview - Sonoco, founded in 1899, is a global leader in sustainable packaging, operating in 40 countries with approximately 23,400 employees [4] - The company reported revenue of at least $50 million in 2023 and has a strong commitment to environmental responsibility [7] - Sonoco was also named one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [4]
Sonoco Named to USA TODAY America's Climate Leaders 2025 List
GlobeNewswire News Room· 2025-04-23 00:00
HARTSVILLE, S.C., April 22, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable packaging, has been named to USA TODAY’s list of America’s Climate Leaders 2025. This prestigious award is presented by USA TODAY and Statista, the world-leading statistics portal and industry ranking provider. The list was announced on April 22, 2025, and can be viewed on usatoday.com. “A continued focus for Sonoco is our commitment to promote accountability and transparency i ...
Packaging Corp. (PKG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-04-22 23:06
Core Insights - Packaging Corp. reported revenue of $2.14 billion for the quarter ended March 2025, reflecting an 8.2% increase year-over-year and matching the Zacks Consensus Estimate, with an EPS of $2.31 compared to $1.72 in the previous year [1] - The company achieved an EPS surprise of +4.52%, with the consensus EPS estimate being $2.21 [1] Financial Performance - Segment Sales for Packaging reached $1.97 billion, aligning with analyst estimates and showing a 9.6% increase from the year-ago quarter [4] - Segment Sales for Corporate and Other were reported at $16.50 million, below the estimated $19.04 million, representing a 5.2% decline year-over-year [4] - Segment Sales for Paper amounted to $154.20 million, falling short of the $161.38 million estimate, indicating a 5.9% decrease compared to the previous year [4] - Segment operating income for Packaging was $284 million, exceeding the estimated $275.21 million [4] - Segment operating loss for Corporate and Other was reported at -$33.40 million, slightly worse than the estimated -$33.32 million [4] - Segment operating income for Paper was $35.60 million, slightly above the estimated $35.20 million [4] Stock Performance - Over the past month, Packaging Corp. shares have returned -9.3%, compared to a -8.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Packaging Corp. (PKG) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-22 22:35
Core Insights - Packaging Corp. reported quarterly earnings of $2.31 per share, exceeding the Zacks Consensus Estimate of $2.21 per share, and showing an increase from $1.72 per share a year ago [1] - The company achieved revenues of $2.14 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.03% and up from $1.98 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 4.52%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - In the previous quarter, the company reported earnings of $2.47 per share against an expectation of $2.51, resulting in a surprise of -1.59% [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.71 on revenues of $2.24 billion, and for the current fiscal year, it is $10.52 on revenues of $8.92 billion [8] - The estimate revisions trend for Packaging Corp. is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Containers - Paper and Packaging industry is currently ranked in the bottom 19% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [9] - Another company in the same industry, Sonoco, is expected to report quarterly earnings of $1.41 per share, reflecting a year-over-year increase of 25.9% [10]
Packaging Corp. (PKG) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2025-04-16 14:20
Wall Street analysts expect Packaging Corp. (PKG) to post quarterly earnings of $2.22 per share in its upcoming report, which indicates a year-over-year increase of 29.1%. Revenues are expected to be $2.15 billion, up 8.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vital to take i ...
PMGC Holdings Inc. Signs Letter of Intent to Acquire Profitable U.S.-Based Custom IT Packaging Company
Newsfilter· 2025-04-16 12:00
NEWPORT BEACH, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ:PMGC) (the "Company," "PMGC," "we," or "us"), a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent ("LOI") to acquire a U.S.-based, cash-flow positive information technology ("IT") custom packaging company. About the Target Company Founded in 2011 and headquartered in Southern California, the Target is a well-established provider of custom packaging solutions for IT prod ...
Sealed Air (SEE) Surges 12.8%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 14:15
Sealed Air (SEE) shares rallied 12.8% in the last trading session to close at $26.98. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.9% loss over the past four weeks.Sealed Air’s shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). SEE serves diverse industries with operations in 117 countries/territories.This packaging compa ...
Ball to Announce First Quarter Earnings on May 6, 2025
Prnewswire· 2025-04-08 20:30
Group 1 - Ball Corporation will announce its first quarter 2025 earnings on May 6, 2025, before trading begins on the New York Stock Exchange [1] - A quarterly conference call will be held at 9 a.m. Mountain Time (11 a.m. Eastern Time) on the same day to discuss the company's results and performance [1] - North American callers can participate in the live Q&A session by calling 877-497-9071, while international callers should use +1 201-689-8727 [1] Group 2 - For those unable to attend the live call, a taped replay and transcript will be available within 48 hours on Ball's website under "Financial Results" [2] - Ball Corporation reported net sales of $11.80 billion for 2024, excluding the divested aerospace business [2] - The company employs 16,000 people worldwide and provides innovative, sustainable aluminum packaging solutions for various sectors [2]