Key Takeaways LyondellBasell joins with Shiseido, Futamura and Iwatani to create bio-based packaging films.New Shiseido Cle de Peau Beaute packaging will use LYB's CirculenRenew polypropylene polymer.Iwatani aims to handle 100,000 tons of bioplastics by 2027, supporting LYB's bio-PP promotion.LyondellBasell Industries N.V. (LYB) has announced a partnership with Futamura Chemical, Iwatani Corporation and Shiseido to jointly develop an innovative bio-based film packaging solution. The new packaging series for ...

Key Takeaways Greif completed the sale of its containerboard unit to Packaging Corp.The divestment aligns with GEF's Build to Last strategy, enhancing capital efficiency.GEF updated its 2025 EBITDA guidance to $507-$517M, excluding the sold business.Greif, Inc. (GEF) announced that it closed the sale of its containerboard business to Packaging Corporation of America (PKG) . This move will help Greif's debt-reduction efforts and boost its capital efficiency.Details on GEF-PKG DealGreif inked a definitive agr ...

Core Points - Greif, Inc. has completed the sale of its containerboard business to Packaging Corporation of America, marking a significant step forward for the company [1][2] - The transaction is expected to unlock immediate value for shareholders, enhance capital efficiency, and accelerate debt reduction [2] - Following the divestment, Greif has adjusted its 2025 full-year guidance to exclude $168 million of year-to-date Adjusted EBITDA and an implied fourth quarter performance of $50 million related to the containerboard business, revising the guidance to $507 million to $517 million of Adjusted EBITDA [3] Financial Adjustments - The Adjusted Free Cash Flow guidance has been adjusted by $15 million to a range of $290 million to $300 million due to the lack of expected cash contribution from the containerboard business operations in September [3] - Goldman Sachs acted as the exclusive financial advisor for Greif during this transaction [4] Company Overview - Greif, founded in 1877, is a global leader in performance packaging, operating in 40 countries and providing innovative solutions for various industries [5]

Core Insights - Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of $1.03 for Q3 fiscal 2025, exceeding the Zacks Consensus Estimate of 81 cents, marking a 12% year-over-year improvement excluding discontinued operations [1][10] - Total sales decreased by 2.6% year over year to $1.13 billion, falling short of the Zacks Consensus Estimate of $1.47 billion [2][10] - The company announced a quarterly cash dividend increase, reflecting its capital allocation strategy, with dividends to be paid on October 1, 2025 [11] Financial Performance - The cost of sales decreased by 4.6% year over year to $877 million, resulting in a gross profit of $257 million, which is a 5.1% increase from the prior year [2] - Gross margin improved to 22.7% from 21% in the previous year [2][10] - Selling, general and administrative (SG&A) expenses rose to $157 million from $153 million year over year [3] Segment Performance - Customized Polymer Solutions segment revenues were $340 million, up from $315 million year over year, but below the projected $356 million [5] - Durable Metal Solutions segment revenues fell by 5.7% to $400 million, exceeding the estimated $393 million, with adjusted EBITDA of $48 million [6] - Sustainable Fiber Solutions segment revenues decreased by 5.4% to $308 million, missing the estimated $645 million, while adjusted EBITDA rose to $65.5 million from $57 million [7] - Integrated Solutions segment revenues totaled $87 million, down from $100.5 million year over year, with adjusted EBITDA of $8.1 million [8] Cash Position and Outlook - Cash and cash equivalents at the end of Q3 fiscal 2025 were $285 million, up from $198 million at the end of fiscal 2024 [9] - Operating cash flow increased significantly to $200 million from $77 million year over year [9] - Long-term debt decreased to $2.22 billion from $2.63 billion [9] - The company expects fiscal 2025 adjusted EBITDA to be between $725 million and $735 million [13] Stock Performance - Greif's shares have increased by 7% over the past year, contrasting with a 10.9% decline in the industry [14]

Key Takeaways Ball Corp completed the sale of a 41% stake in its Saudi joint venture to ORG for $70M.The company retains 10% ownership in the JV to maintain a strategic minority position.The deal expands Ball Corp's collaboration with ORG to serve Middle East customers better.Ball Corporation (BALL) announced that it sold its 41% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology Co., Ltd. ( ...

Company Overview - Huhtamäki Oyj is a leading global provider of sustainable packaging solutions, with over 100 years of history and a strong Nordic heritage [4][5] - The company operates in 36 countries with approximately 18,000 professionals and reported net sales of EUR 4.1 billion in 2024 [5] Financial Transaction - Huhtamäki Oyj has priced EUR 300 million of senior unsecured notes under its Euro Medium Term Note Programme, set to be issued on September 4, 2025, with a maturity date of September 4, 2031, and an interest rate of 3.50% per annum [2][3] - The notes were allocated to approximately 90 investors, and the company plans to apply for their listing on Euronext Dublin [3] Use of Proceeds - The net proceeds from the issuance of the notes will be used for refinancing existing indebtedness, including tender offers for outstanding EUR 175 million 1.125% Notes due November 20, 2026, and EUR 500 million 4.250% Notes due June 9, 2027, as well as general corporate purposes [3]

Core Insights - Greif, Inc. reported fiscal third quarter 2025 results, highlighting a significant decrease in net income primarily due to a prior year gain from divestiture [1][6] - The company is in the process of divesting its containerboard business for $1.8 billion, which will be classified as discontinued operations starting Q3 2025 [2][6] Financial Highlights - Net income decreased by 49.6% to $39.3 million or $0.67 per diluted Class A share compared to $78.0 million or $1.35 per diluted Class A share in Q3 2024 [6] - Adjusted EBITDA increased by 2.4% to $160.7 million compared to $157.0 million in the prior year [6] - Combined Adjusted EBITDA rose by 11% to $220.9 million from $199.4 million [6] - Net cash provided by operating activities increased by $123.1 million to $199.9 million [6] - Adjusted free cash flow increased by $136.4 million to $170.7 million [6] Segment Performance - Customized Polymer Solutions net sales increased by $25.1 million to $339.8 million, driven by higher volumes and selling prices [10] - Durable Metal Solutions net sales decreased by $24.3 million to $399.8 million, primarily due to lower volumes [14] - Sustainable Fiber Solutions net sales decreased by $17.6 million to $308.0 million, impacted by lower volumes [16] - Integrated Solutions net sales decreased by $13.4 million to $87.1 million, affected by the Delta Divestiture [18] Strategic Actions - The company achieved run-rate savings of $20 million from cost optimization initiatives by the end of Q3 2025, already at the midpoint of its $15 - $25 million target range [6] - A definitive agreement was signed for the sale of the timberlands business for $462 million, expected to close on October 1, 2025 [6] Dividend Information - The Board of Directors declared quarterly cash dividends of $0.56 per share for Class A Common Stock and $0.84 per share for Class B Common Stock, reflecting an increase from the previous quarter [22]

Core Viewpoint - Huhtamäki Oyj is planning to issue new euro-denominated fixed rate notes and has announced a voluntary tender offer for its outstanding notes maturing in 2026 and 2027 [2][3]. Group 1: New Notes Issuance - The company intends to issue new notes under a EUR 2 billion Euro Medium Term Note Programme, with an expected issue amount of EUR 300 million [2]. - BNP Paribas, J.P. Morgan, OP Corporate Bank, and SEB are acting as Joint Bookrunners for the transaction [2]. Group 2: Tender Offer Details - OP Corporate Bank plc is inviting holders of outstanding notes maturing in 2026 and 2027 to sell their notes for cash [3]. - The tender offer will expire on September 1, 2025, at 6:00 p.m. Finnish time, and is subject to specific terms and conditions outlined in the Tender Offer Memorandum [4]. - The Offeror will determine the purchase prices for the accepted notes on or around September 2, 2025 [5]. Group 3: Outstanding Notes Information - The outstanding notes include EUR 175 million of 1.125% senior unsecured notes due November 20, 2026, and EUR 500 million of 4.250% sustainability-linked senior unsecured notes due June 9, 2027 [6]. - The tender offer for the 2026 notes is for any and all amounts, while for the 2027 notes, it is up to EUR 100 million in nominal amount [6]. Group 4: Company Overview - Huhtamäki is a leading global provider of sustainable packaging solutions, with a focus on protecting food and beverages and preventing food waste [8]. - The company has over 100 years of history, operates in 36 countries, and reported net sales of EUR 4.1 billion in 2024 [9].

Core Insights - Greif, Inc. (GEF) is set to announce its third-quarter fiscal 2025 financial results on August 27, with total revenue expected to reach $1.47 billion, reflecting a 1.2% increase year-over-year [1][5] - The earnings per share (EPS) estimate stands at $1.40, indicating a significant 35.9% rise compared to the same quarter last year [1][5] Revenue and Earnings Estimates - The Zacks Consensus Estimate for Greif's total revenues is $1.47 billion, which is a 1.2% increase from the previous year's quarter [1] - The EPS estimate of $1.40 represents a 35.9% increase from the year-ago reported number [1][5] Earnings Surprise History - Greif's earnings have exceeded the Zacks Consensus Estimates in two of the last four quarters, with an average negative surprise of 10.7% [3][4] Segment Performance - The Customized Polymer Solutions segment is anticipated to drive growth, with projected revenues of $356 million for Q3, a 13% increase from $315 million in the prior-year quarter [10][11] - The Durable Metal Solutions segment is expected to see a 7.3% year-over-year decline in revenues to $393 million, attributed to a 3.9% drop in volumes and unfavorable pricing [12] - The Sustainable Fiber Solutions segment is projected to achieve revenues of $645 million for Q2, indicating a 3.2% year-over-year growth, driven by favorable pricing [14] - The Integrated Solutions segment's revenues are expected to decline by 16.9% to $75 million, impacted by unfavorable pricing and the Delta divestiture [15][16] Volume and Pricing Trends - Overall volume increased by 0.9% in Q1 but dipped by 1.4% in Q2, with pricing contributing positively by 2.2% and 1.1% in the respective quarters [7][8] - In the Customized Polymer Solutions segment, volume rose by 1.5% in Q2, supported by a favorable product mix and strong demand in key markets [9] Stock Performance - Greif's shares have increased by 10.2% over the past year, compared to the industry's growth of 21.2% [19]

Company Overview - Sealed Air (SEE) is a manufacturer specializing in food and protective packaging, as well as a supplier of packaging equipment. The company aims to automate and enhance the efficiency of its customers [1] Investment Focus - The investment strategy emphasizes companies that provide healthy dividends while also having potential for capital appreciation. The focus is on identifying undervalued businesses relative to their fundamentals, peers, and historical performance [2] Analyst Position - The analyst has a beneficial long position in Sealed Air shares, indicating a personal investment interest in the company [3]