Paperboard

RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024

Retrieved on: 
Tuesday, February 27, 2024

Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.

Key Points: 
  • Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.
  • Compared to the third quarter of 2023, the operating loss increased $43 million, primarily due to the $62 million non-cash impairment recorded in the fourth quarter and higher labor costs.
  • Overall, EBITDA is expected to remain relatively flat in the first quarter of 2024 compared to the fourth quarter of 2023, with a strong finish in the back half of 2024.
  • Raw material prices are expected to increase as purchased pulp prices are forecast to increase from fourth quarter 2023 levels.

Eagle Materials Reports Record Third Quarter Results with 16% EPS Growth

Retrieved on: 
Thursday, January 25, 2024

In the third quarter, we achieved record revenue of $559 million, produced record EPS of $3.72 and expanded gross margins by 130 bps to 32.3%.

Key Points: 
  • In the third quarter, we achieved record revenue of $559 million, produced record EPS of $3.72 and expanded gross margins by 130 bps to 32.3%.
  • Heavy Materials operating earnings increased 43% to $107.3 million, primarily because of higher Cement net sales prices and sales volume.
  • Cement revenue for the quarter, including Joint Venture and intersegment revenue, was up 20% to $308.7 million, and operating earnings were a record $105.6 million, up 46%.
  • Paperboard sales volume for the quarter was up 9% to a record 84,000 tons.

Melitta® Launches New Packaging for Cone Coffee Filters, Featuring Forest Stewardship Council® and Biodegradable Products Institute® Product Certifications

Retrieved on: 
Thursday, January 18, 2024

Melitta , the global leader in all aspects of coffee preparation, announces its new cone filter certifications and packaging.

Key Points: 
  • Melitta , the global leader in all aspects of coffee preparation, announces its new cone filter certifications and packaging.
  • With a strong focus on environmental stewardship, Melitta has obtained two prestigious certifications, the Biodegradable Products Institute® (BPI) certification and the Forest Stewardship Council® (FSC)® certification, both contributing to the brand’s ongoing sustainability efforts in the coffee industry.
  • By opting for the Melitta Cone Coffee Filter, consumers can take an essential step towards a greener and more sustainable coffee experience.
  • The new Melitta Cone Coffee Filter packaging with BPI and FSC certifications is appearing in stores nationwide.

RYAM Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

Operating income for the quarter and nine months ended September 30, 2023 decreased $28 million and $14 million, respectively, compared to the same prior year periods.

Key Points: 
  • Operating income for the quarter and nine months ended September 30, 2023 decreased $28 million and $14 million, respectively, compared to the same prior year periods.
  • Compared to the second quarter of 2023, operating loss increased $6 million.
  • Operating results for the quarter and nine months ended September 30, 2023 declined $12 million and $2 million, respectively, compared to the same prior year periods.
  • The current quarter increase was driven by less favorable foreign exchange rates in the current quarter compared to the prior year quarter.

Eagle Materials Reports Record Second Quarter Results With 15% EPS Growth

Retrieved on: 
Thursday, October 26, 2023

We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.

Key Points: 
  • We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.
  • Cement revenue for the quarter, including Joint Venture and intersegment revenue, was up 13% to $360.8 million, and operating earnings were a record $121.4 million, up 23%.
  • Second quarter operating earnings declined 36% to $4.6 million, primarily reflecting lower Concrete sales volume and higher cost of materials.
  • In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue.

Eagle Materials Reports Record First Quarter Results With 24% EPS Growth

Retrieved on: 
Thursday, July 27, 2023

Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2024 ended June 30, 2023. Notable items for the quarter are highlighted below.

Key Points: 
  • Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2024 ended June 30, 2023. Notable items for the quarter are highlighted below.
  • During the quarter, we reached an important milestone in the production of Portland Limestone Cement, surpassing 50% across our system.
  • We completed the acquisition of a cement import terminal in northern California that further strengthens our competitive position in that market.
  • Residential construction activity remains resilient as the market balances interest rate-related affordability challenges with chronic supply shortages and strong demand.

Eagle Materials Announces Record Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, May 18, 2023

Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023. Notable items for the fiscal year and quarter are highlighted below.

Key Points: 
  • Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023. Notable items for the fiscal year and quarter are highlighted below.
  • (Unless otherwise noted, all comparisons are with the prior fiscal year or prior year’s fiscal fourth quarter, as applicable.)
  • In fiscal 2023, our safety performance continued to outpace the industry average, and we achieved the lowest recordable injury rate in the company’s history.
  • Fourth quarter Light Materials revenue increased 11% to $244.2 million, reflecting higher Wallboard pricing and a small increase in Wallboard sales volume.

Eagle Materials Reports Record Third Quarter Results With 26% EPS Growth

Retrieved on: 
Thursday, January 26, 2023

In the third quarter, we achieved record revenue of $511 million and record EPS of $3.20, and we expanded gross margins by 110 bps to 31.0%.

Key Points: 
  • In the third quarter, we achieved record revenue of $511 million and record EPS of $3.20, and we expanded gross margins by 110 bps to 31.0%.
  • Third quarter performance was led by our Gypsum Wallboard business, in which margins expanded 400 bps.
  • During the quarter, we generated strong free cash flow and repurchased 824,000 shares of our common stock.
  • Heavy Materials operating earnings declined 11% to $75 million, primarily because of lower Cement sales volume partially offset by higher Cement net sales prices.

RRD Recognized at 2022 Paperboard Packaging Competition

Retrieved on: 
Monday, October 31, 2022

Donnelley & Sons Company (RRD), a leading global provider of marketing, packaging, print, and supply chain solutions, is honored to announce several wins at the 2022 North American Paperboard Packaging Competition hosted by the Paperboard Packaging Council (PPC).

Key Points: 
  • Donnelley & Sons Company (RRD), a leading global provider of marketing, packaging, print, and supply chain solutions, is honored to announce several wins at the 2022 North American Paperboard Packaging Competition hosted by the Paperboard Packaging Council (PPC).
  • With the multiple SKUs, changing artwork, and different quantity ranges, Greenleaf continues to work with RRD to produce their folding carton packaging for color match and right-size manufacturing.
  • RRD Packaging Solutions portfolio extends far beyond digital, offering a broad range of paperboard packaging types, such as folding cartons, value-added corrugated, rigid boxes, and labels.
  • RRD is a leading global provider of marketing, packaging, print, and supply chain solutions that elevate engagement across the complete customer journey.

Global Shelf-Stable Packaging Market 2022-2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 6, 2022

Demand for shelf-stable food packaging is forecast to increase 2.4% annually to $9.6 billion in 2026.

Key Points: 
  • Demand for shelf-stable food packaging is forecast to increase 2.4% annually to $9.6 billion in 2026.
  • The food market is challenging for packaging suppliers due to the vast number of applications where packaging must not only meet specific performance criteria but also be cost effective and in line with changing sustainability goals and consumer preferences.
  • This especially applies to shelf-stable packaging because it tends to be more costly, the type of processing and packaging used depends on the application, and consumers' views regarding the nutrition of shelf-stable food remain in flux.
  • Trends in the shelf-stable food packaging market include:
    Paperboard will remain the fastest growing material for shelf-stable packaging due to the growing use of aseptic and retort carton packaging.