Powell added that in the first quarter of 2026 , overall input costs were tracking flat versus 2025, though Mondi is facing headwinds from lower energy-related income and emissions credits. He also cited a forestry fair value gain that was EUR 32 million higher than the prior year.Powell said underlying EBITDA of EUR 1,001 million compared with EUR 1,049 million in the prior year. Volumes increased year-over-year, helped by ramp-up of new capacity. On pricing, he highlighted higher containerboard prices, wh ...

Core Insights - Amcor reported $5.45 billion in revenue for the quarter ended December 2025, marking a year-over-year increase of 68.1% [1] - The EPS for the same period was $0.86, compared to $0.80 a year ago, indicating a positive growth trend [1] - The revenue reported was a slight miss of -1.75% compared to the Zacks Consensus Estimate of $5.55 billion, while the EPS exceeded the consensus estimate of $0.83 by +3.61% [1] Revenue Performance - Net Sales for Flexible Packaging reached $3.19 billion, slightly above the three-analyst average estimate of $3.18 billion, reflecting a year-over-year change of +27% [4] - Net Sales for Rigid Packaging was reported at $2.26 billion, which was below the estimated $2.32 billion, but showed a significant year-over-year increase of +210.1% [4] Profitability Metrics - Adjusted EBIT for Rigid Packaging was $228 million, compared to the average estimate of $241.92 million from three analysts [4] - Adjusted EBIT for Flexible Packaging was reported at $402 million, slightly below the average estimate of $409.65 million [4] Stock Performance - Amcor's shares have returned +3.4% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [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]

Core Insights - Amcor reported solid second quarter results for fiscal 2026, reaffirming its guidance for the year, with strong adjusted EPS growth driven by the Berry acquisition and disciplined execution [1][2][3] Financial Performance - For the three months ended December 31, 2025, net sales reached $5,449 million, a 68% increase year-over-year, primarily due to the Berry acquisition [1][2] - Adjusted EPS for the quarter was $0.86, up 7%, while adjusted EBITDA was $826 million, reflecting an 83% increase [1][2] - Free cash flow for the quarter was $289 million, including $69 million in acquisition-related costs [1][2] Fiscal Guidance - The company reaffirmed its fiscal 2026 guidance, expecting free cash flow between $1.8 billion and $1.9 billion and adjusted EPS in the range of $4.00 to $4.15, indicating a constant currency growth of 12% to 17% [1][2][3] Segment Performance - In the Global Flexible Packaging Solutions segment, net sales for the December 2025 quarter were $3,188 million, a 23% increase year-over-year on a constant currency basis [2][3] - The Global Rigid Packaging Solutions segment saw net sales of $2,264 million, a 200% increase year-over-year on a constant currency basis, driven by the Berry acquisition [3][4] Cost Management - Adjusted EBIT for the three months ended December 31, 2025, was $603 million, a 62% increase year-over-year, with synergy benefits from the Berry acquisition contributing approximately $50 million [1][2][3] - The company reported a GAAP net income of $177 million for the quarter, including acquisition-related costs [1][2] Dividend Declaration - Amcor declared a quarterly dividend of $0.65 per share, reflecting confidence in its growth opportunities and ability to generate significant free cash flow [2][3]

Core Insights - Amerplast Group has secured a five-year unitranche term loan from HIG Bayside Capital Europe to refinance its current debt commitments [1][3] - The refinancing aims to support Amerplast's business operations, investments, and long-term strategic growth plan [2][3] Company Overview - Amerplast manufactures flexible packaging for various sectors including food and beverage, hygiene, bakery, retail, and industry [1] - The company operates five factories across Europe, with operational bases in Finland and the UK, and employs approximately 470 people [1] Strategic Focus - Amerplast's strategy emphasizes maintaining customer partnerships, sustainability initiatives, and enhancing automation and production capacity [2] - The company has undergone significant operational transformation, investing in facilities, technology, sustainability, and product innovation [3] Financing Details - The new financing partnership with Bayside Capital provides a stable and flexible capital structure for Amerplast [3] - Bayside Capital specializes in special situations and targets middle-market businesses, operating from eight locations across the US and Europe [4] Market Position - Amerplast is recognized as a high-quality, innovative, and resilient business with strong market positions in attractive end markets [5] - The company has demonstrated consistent EBITDA growth, supported by a disciplined commercial model and an engaged management team [5]

Company Overview - Transcontinental Inc. (OTC:TCLAF) is a significant player in the printing and packaging industry, offering a diverse range of services including flexible packaging, printing, and media solutions [1] - The company competes with industry giants such as WestRock and Amcor [1] Financial Performance - RBC Capital updated its rating for TCLAF to "Outperform" on December 12, 2025, reflecting confidence in the company's future performance [2] - The price target for Transcontinental was raised from C$26 to C$29, indicating optimism about growth prospects [2] - During the Q4 2025 earnings call on December 11, 2025, key executives presented financial results that likely influenced RBC Capital's positive outlook [2] Stock Performance - TCLAF's stock has shown minimal movement with a negligible change of $0.000001, indicating stability [3] - Over the past year, the stock fluctuated between a high of $18 and a low of $11.35, suggesting volatility but also potential for growth [3] - The current market capitalization is approximately $1.43 billion, highlighting the company's significant presence in the industry [3] - The trading volume for TCLAF is relatively low, with only 2,679 shares traded on the OTC exchange, which may indicate limited investor interest or liquidity [3] Analyst Interest - The "Outperform" rating from RBC Capital could attract more investor attention, potentially increasing future trading activity [4] - The Q4 2025 earnings call was attended by analysts from major financial institutions, indicating that the company is closely monitored by the financial community [4]

Core Insights - Amcor's Q1 performance indicates strong earnings and free cash flow growth for fiscal year 2026, with adjusted EPS projected between 80 to 83 cents, reflecting a 12-17% growth in constant currency [2][21] - The integration of Amcor and Berry Global is progressing well, with significant synergies expected to enhance operational efficiency and profitability [3][11] Financial Performance - For the three months ended September 30, 2025, Amcor reported net sales of $5,745 million, a 68% increase compared to the previous year, driven by the acquisition of Berry Global [8][13] - Adjusted EPS for the same period was 19.3 cents, an 18% increase year-over-year, supported by disciplined cost management and synergy realization [3][8] - Free cash flow for the quarter was a cash outflow of $343 million, aligning with expectations after accounting for acquisition-related costs [21] Segment Analysis - The Global Flexible Packaging Solutions segment achieved net sales of $3,257 million, a 25% increase on a constant currency basis, with adjusted EBIT of $426 million, reflecting a 28% increase [17][18] - The Global Rigid Packaging Solutions segment saw net sales of $2,488 million, a 205% increase year-over-year, with adjusted EBIT of $295 million, up 365% [19][20] Synergy and Integration - Amcor anticipates realizing at least $260 million in pre-tax synergy benefits in fiscal 2026, contributing to an expected EPS accretion of 12% [11][21] - The company is on track to achieve total identified synergies of $650 million by the end of fiscal 2028, which is expected to drive over 30% EPS growth over three years [4][9] Shareholder Returns - The Board has declared an increased quarterly cash dividend of 13.0 cents per share, reflecting confidence in Amcor's growth prospects and cash flow generation capabilities [12][21]

Core Insights - The flexible packaging industry in the United States generated an estimated $151.4 billion in total economic output and supported approximately 398,780 jobs in 2025, contributing about 0.5% to the GDP [1][8] Economic Contribution - The flexible packaging sector is a significant part of the economy, with its total output including direct manufacturing and wider economic effects from supplier and consumer spending [5] - The industry is expected to generate $13.35 billion in federal, state, and local tax revenues [5] Employment and Wages - The report identifies 98,420 direct jobs in packaging manufacturing, 155,520 supplier jobs, and 144,840 induced positions, leading to a total of $33.46 billion in wages and benefits [3][4] Industry Reach - The flexible packaging industry has a broad impact across various American states, encompassing factory operations, logistics, design, finance, and materials supply [4] Demand and Sustainability - There is steady demand for flexible packaging from food and beverage, medical, and consumer goods producers, driven by the need for reliable and sustainable packaging solutions [6] - The industry is evolving through investments in new materials and recycling innovations, enhancing sustainability while supporting long-term economic value [7]

Overview of the Flexible Packaging Market - The Flexible Packaging Market is projected to grow from USD 336.87 billion in 2025 to USD 415.95 billion by 2030, with a CAGR of 4.31% during the forecast period [1] - Flexible packaging solutions are favored across various industries due to their lightweight, durable, and cost-effective nature, driven by the demand for ready-to-eat meals, specialty beverages, and pharmaceutical products [1] Market Growth Drivers - Enhanced product shelf life, reduced material usage, and a growing focus on sustainability are key factors supporting market growth [2] - The expansion of e-commerce is increasing the demand for lightweight and protective packaging that ensures product safety during shipping [2] Key Trends in the Flexible Packaging Market - **E-Commerce and Retail Packaging Demand**: The rise of e-commerce, especially in North America, is boosting the demand for lightweight and protective packaging solutions [3] - **Sustainability and Eco-Friendly Materials**: Companies are increasingly adopting mono-material films and biodegradable packaging to reduce environmental impact [4] - **Digital Printing and Customization**: Digital printing technology is enabling mass customization, improving packaging aesthetics, and reducing lead times [5] - **Pharmaceutical and Specialty Product Packaging**: The pharmaceutical sector is driving growth through cold-chain biologics packaging and flexible blister packs [7] Market Segmentation - **By Material Type**: Includes plastics (e.g., PE, BOPP), paper, aluminum foil, and biodegradable materials [10] - **By Product Type**: Comprises pouches, bags, films, and wraps [10] - **By End-Use Industry**: Encompasses food, beverages, pharmaceuticals, cosmetics, and industrial applications [10] - **By Distribution Channel**: Consists of direct and indirect sales channels [10] - **By Geography**: Covers regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa [10] Key Players in the Flexible Packaging Market - **Mondi PLC**: Specializes in sustainable flexible packaging solutions [9] - **Sealed Air Corporation**: Known for protective packaging and food safety solutions [12] - **Huhtamaki Oyj**: Provides sustainable food and consumer packaging [12] - **Amcor plc**: Focuses on recyclability and high-barrier materials [12] - **Sonoco Products Company**: Manufactures flexible packaging and protective solutions [12] Conclusion - The Flexible Packaging Market is expected to experience steady growth through 2030, driven by e-commerce demand, sustainability initiatives, and consumer preferences for convenient packaging formats [11]

Leadership Transition - Michael Casamento will leave Amcor to return to Australia, remaining in an advisory role until June 30, 2026, to support the transition [1][3] - Stephen R. Scherger has been appointed as the new Executive Vice President and Chief Financial Officer, effective November 10, 2025 [1][3] Executive Background - Stephen R. Scherger has over 30 years of experience in finance, operations, and strategy within the packaging industry, previously serving as CFO of Graphic Packaging [2][5] - Under Scherger's leadership, Graphic Packaging's net sales more than doubled to nearly $9 billion, and net income nearly tripled during his tenure [2] Company Outlook - Amcor reaffirmed its fiscal year 2026 outlook, expecting Adjusted EPS of 80-83 cents per share, representing 12-17% constant currency growth, and Free Cash Flow of $1.8-1.9 billion [4] - For the first quarter of fiscal year 2026, Amcor anticipates Adjusted EPS to be within the previously announced range of 18-20 cents per share [4] CEO Comments - Amcor CEO Peter Konieczny expressed confidence in Scherger's ability to enhance growth and profitability, highlighting his industry experience and leadership style [3] - Konieczny thanked Casamento for his decade of service, noting that Amcor is well-positioned following the successful combination with Berry Global [3] Company Profile - Amcor is a global leader in responsible consumer packaging and dispensing solutions, generating $23 billion in annualized sales from operations across over 400 locations in more than 40 countries [6]

Core Insights - Transcontinental Inc. reported improved adjusted net earnings per share for the third consecutive quarter, reflecting the positive impact of a two-year profitability improvement program [3][5][21] - The company experienced a revenue decrease in the Packaging Sector due to the sale of industrial packaging operations and weaker demand, but adjusted operating earnings margin improved [4][10] - The Retail Services and Printing Sector showed a 4.5% revenue increase, driven by growth in book printing activities and successful acquisitions [5][10] Financial Performance - Revenues for Q3 2025 were $684.4 million, down 2.2% from $700.0 million in Q3 2024 [6][10] - Operating earnings before depreciation and amortization decreased by 10.3% to $109.0 million from $121.5 million year-over-year [11][53] - Adjusted net earnings attributable to shareholders increased by 14.6% to $58.9 million, with adjusted net earnings per share rising 16.7% to $0.70 [14][39] Sector Performance - The Packaging Sector faced revenue declines due to the sale of operations and lower demand, but cost discipline led to improved margins [4][10] - The Retail Services and Printing Sector reported a strong quarter with a 4.5% revenue increase, attributed to growth in book printing and successful acquisitions [5][10] Acquisitions and Growth Strategy - The company made strategic acquisitions, including Middleton Group Inc. for $4.6 million and two additional companies for up to $72.7 million, aimed at enhancing in-store marketing activities [9][10] - Investments in flexible packaging and in-store marketing are expected to drive long-term growth [21][22] Outlook - The company anticipates organic growth in adjusted operating earnings for the Packaging Sector in fiscal 2025, despite weaker demand in Q3 [22][23] - Continued focus on reducing net indebtedness while investing in growth and returning capital to shareholders is part of the strategy moving forward [23][40]