Fourth Quarter and Full Year 2025 Financial Review and Analysis (preliminary, unaudited) February 4, 2026 Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same period in the prior year. Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other busine ...

Reynolds Consumer Products (NasdaqGS:REYN) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Speaker6A reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jill Koval, Director of Investor Relations. Thank you, Jill. You may begin.Speaker2Thank you, operator, and good morning, everyone. Thank you for joining us for Reynolds Consumer Products' fourth quarter earnings conference call. Today's call is being webcast, and a replay will be available on the investor relation ...

Core Insights - Avery Dennison Corporation (AVY) is set to report its fourth-quarter 2025 results on February 4, 2026, with expected revenues of $2.29 billion, reflecting a 4.9% increase year-over-year [1] - The earnings consensus estimate for AVY is $2.40 per share, indicating a slight year-over-year rise of 0.8% [1] Revenue and Earnings Estimates - The Zacks Consensus Estimate for AVY's fourth-quarter revenues is $2.29 billion, which represents a 4.9% increase from the previous year [1] - The Materials Group segment is projected to see a revenue increase of 5.2% to $1.55 billion, driven by growth in base business and specialty labels [4][7] - The Solutions Group segment's revenues are expected to reach $746 million, marking a 4.5% increase year-over-year [8] Earnings Performance History - Avery Dennison has beaten the Zacks Consensus Estimates in three of the last four quarters, with an average surprise of 0.9% [2] Cost Factors and Margin Impact - Higher raw material, labor, and freight costs are anticipated to negatively impact the company's margins, although productivity improvements and cost-saving measures may offset some of these effects [6] Stock Performance - AVY shares have increased by 3.3% over the past year, contrasting with a 4.8% decline in the industry [9]

Group 1 - Bank of America raised the price target on Greif (GEF) to $75 from $74 while maintaining a Neutral rating on the shares [1] - The firm updated its views on Packaging Corp. (PKG) and Greif following the companies' calendar Q4 calls [1]

Core Insights - International Paper Company (IP) reported a fourth-quarter 2025 adjusted loss of eight cents per share, missing the Zacks Consensus Estimate for earnings of 28 cents [1] - The company plans to separate its PS North America and PS EMEA operations into two independent, publicly traded companies, expected to be completed within 12–15 months [2] Financial Performance - The company reported a net loss of $4.48 per share, compared to earnings of 25 cents in the same quarter last year [3] - Net sales reached $6 billion, a 53% increase year-over-year, surpassing the Zacks Consensus Estimate of $5.88 billion [3] - Cost of sales was $4.12 billion, up 49% from $2.88 billion in the prior-year quarter, while gross profit rose 63% to $1.88 billion, resulting in a gross margin of 31.4% [4] - Selling and administrative costs increased by 13% to $545 million, and the adjusted operating loss was $43 million compared to an adjusted operating profit of $135 million in Q4 2024 [4] Segment Performance - Packaging Solutions North America reported sales of $3.7 billion, a 5% increase from the prior year, with an operating profit of $319 million [6] - Packaging Solutions EMEA saw sales of $2.3 billion, significantly up from $0.36 billion last year, but reported an operating loss of $223 million [7] Cash and Debt Position - Cash and temporary investments totaled approximately $1.14 billion at the end of 2025, up from $1.06 billion at the end of 2024 [8] - Long-term debt increased to $8.8 billion from $5.36 billion in 2024, while cash flow from operating activities was $1.7 billion, slightly up from $1.68 billion in 2024 [8] Future Expectations - The company anticipates adjusted EBITDA from continuing operations to be between $3.5 billion and $3.7 billion for 2026, with a first-quarter expectation of $0.74 billion to $0.76 billion [11] - IP's stock has declined by 28.4% over the past year, compared to a 15.9% decline in the industry [11]

First Quarter 2026 Earnings Conference Call January 28, 2026 1 R0 G113 B206 #0070CD R234 G118 B34 #F07623 Safe Harbor and Presentation Note R51 G63 B72 #333F48 R0 G40 B85 #002855 R116 G255 B11 #74FF6F R201 G244 B255 #C9F4FF Primary Colors: Secondary Colors: R52 G119 B98 #337761 R255 G199 B44 #FFC72C FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," ...

Group 1 - U.S. stock futures are trading higher, indicating a positive market sentiment for the day [1] - Microsoft Corp. is expected to report quarterly earnings of $3.97 per share on revenue of $80.27 billion, with shares rising 0.4% to $482.50 in after-hours trading [1] - Packaging Corp Of America reported weaker-than-expected fourth-quarter results, projecting first-quarter GAAP EPS of $2.20, below market estimates of $2.26, leading to a 2.1% decline in shares to $218.99 [1] - Tesla Inc. is anticipated to post quarterly earnings of 45 cents per share on revenue of $24.78 billion, with shares increasing 0.4% to $432.49 in after-hours trading [1] - Starbucks Corp. is projected to report quarterly earnings of 59 cents per share on revenue of $9.73 billion, with shares slipping 0.1% to $95.70 in after-hours trading [1] - AT&T Inc. is expected to report quarterly earnings of 46 cents per share on revenue of $32.87 billion, with shares rising 0.3% to $23.07 in after-hours trading [1]

Core Viewpoint - Packaging Corporation of America (PKG) is expected to report fourth-quarter 2025 results on January 27, with revenue estimates indicating a 12.9% growth year-over-year, while earnings estimates suggest a slight decline of 0.8% compared to the previous year [1][5]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for PKG's fourth-quarter revenues is $2.42 billion, reflecting a 12.9% increase from the prior year's figure [1][5]. - The consensus estimate for earnings is $2.45 per share, which has remained unchanged over the past 60 days, indicating a year-over-year decrease of 0.8% [1][2]. Segment Performance - The Packaging segment is projected to see a revenue increase of 15.2% year-over-year, supported by the acquisition of Greif's containerboard business [5][6]. - The Paper segment is expected to report revenues of $153 million, suggesting a 1.2% growth from the previous year, despite a slight volume decline of 0.8% [8]. Earnings Surprise History - PKG has beaten the Zacks Consensus Estimates in two of the last four quarters, with an average surprise of 0.3% [2][3]. - The model predicts that PKG is unlikely to achieve an earnings beat this quarter, as indicated by an Earnings ESP of -1.84% [4][6]. Recent Developments - The acquisition of Greif's containerboard business, which includes two mills and several plants across the U.S., is expected to positively impact PKG's earnings immediately [6][7]. - The Packaging segment's volume is anticipated to rise by 11.1% year-over-year, with favorable price and mix impacts contributing an additional 4.2% [7]. Stock Performance - Over the past year, PKG shares have decreased by 6.3%, compared to a 10.3% decline in the industry [11].

Core Viewpoint - Greif, Inc. will report its 2026 first quarter financial results on January 27, 2026, with a conference call scheduled for January 28, 2026, to discuss the results [1]. Group 1: Financial Reporting - The first quarter financial results will be reported after market close on January 27, 2026 [1]. - A conference call to discuss the financial results will take place on January 28, 2026, at 8:30 a.m. ET [1]. Group 2: Conference Call Details - Conference call slides will be provided alongside the earnings press release, including management's prepared remarks and a Q&A session [2]. - Participants can access the call through an online registration link, with phone lines opening at 8:00 a.m. ET on January 28, 2026 [3]. - A digital replay of the conference call will be available two hours after the call on the company's website [3]. Group 3: Company Overview - Greif, founded in 1877, is a global leader in performance packaging, operating in 40 countries [4]. - The company focuses on delivering innovative and tailored solutions for demanding industries, emphasizing customer service, operational excellence, and sustainability [4].

Core Viewpoint - Sealed Air Corporation has entered into a definitive agreement with CD&R for an acquisition valued at $10.3 billion, with a purchase price of $42.15 per share, and the transaction is expected to close in mid-2026 [1][4]. Group 1: Transaction Details - The "go-shop" period for Sealed Air's acquisition expired on December 16, 2025, during which the company solicited alternative acquisition proposals from 29 parties, resulting in six parties entering confidentiality agreements [2]. - Following the expiration of the "go-shop" period, Sealed Air is now subject to "no-shop" provisions, limiting its ability to negotiate with third parties [3]. - The transaction is contingent upon stockholder approval, regulatory clearances, and other customary closing conditions [4]. Group 2: Company Overview - Sealed Air Corporation is a global leader in packaging solutions, generating $5.4 billion in sales in 2024 and employing approximately 16,400 people across 117 countries [6]. - The company specializes in food and protective packaging solutions, with well-known brands including CRYOVAC®, SEALED AIR®, LIQUIBOX®, AUTOBAG®, and BUBBLE WRAP® [6].