Packaging & Containers
(BMS) Company News for January 26, 2012 – Corporate Summary
• Manufacturer of flexible packaging products Bemis Co.’s (NYSE:BMS) shares rose 6% to end the day at $31.79 after the company posted better-than-expected fourth-quarter profits • Share prices of WellPoint Inc. (NSYE:WLP) retreated 4.76% after the health insurer...
26Jan2012 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Impacted by Weak Demand
MeadWestvaco Corporation (MWV) announced that it expects pre-tax income from its business segments (before Corporate and other) in the range of $150 to $160 million for the fourth quarter of 2011. For the full year 2011, the company expects pre-tax income in the range of $835...
21Jan2012 | vitalstocks | 0 comments | Continued(BMS) Bemis Corporation – Bear of the Day
Bemis Company (BMS) reported third-quarter EPS of $0.56, a penny below the year-ago quarter and missing the Zacks Consensus Estimate by 2 cents. Rising raw materials prices have significantly impacted the company, putting downward pressure on its margins. Nearly 35% of its total...
2Nov2011 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Issues Notes to Fund Diversey Holdings Purchase
Packaging food products maker Sealed Air Corporation (SEE) issued $1.5 billion notes with an intention to utilize the proceeds to fund a portion of the $4.3 billion acquisition of Diversey Holdings announced in June 2011. The $1.5 billion notes issue is made in two tranches of...
21Sep2011 | vitalstocks | 0 comments | Continued(BLL) Ball Expands Antenna Center
The Aerospace and Technologies wing of Ball Corporation (BLL), Ball Aerospace & Technologies Corp. opened its $14.6 million expanded manufacturing center in Westminster, CO. The expansion has been made with the sole objective of increasing productivity which is likely to...
5Jul2011 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Builds New Boiler
MeadWestvaco Corporation (MWV) recently announced its plan to invest $285 million for building a new state-of-the-art biomass boiler and upgrading the power infrastructure associated with it at its Covington, Virginia, facility. This strategic investment not only improves the...
28Jun2011 | vitalstocks | 0 comments | Continued(SLGN) Silgan Holdings Bows Out of Graham Packaging Race
Silgan Holdings Inc.’s (SLGN) acquisition agreement with Graham Packaging Company Inc. (GRM) has been terminated with Silgan not upping its prior offer within the three days’ grace period leading to Graham accepting Rank Group’s much superior offer. Last week, Graham...
22Jun2011 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation Increases Revenues – Falters on Earnings
Sealed Air Corporation (SEE) delivered adjusted EPS of 34 cents for the first quarter ended March 31, 2011, falling short of the Zacks Consensus Estimate of 38 cents. Earnings per share in the quarter dropped 6% from the EPS of 36 cents in the year-ago quarter. Sealed Air’s...
3May2011 | vitalstocks | 0 comments | Continued(MWV) Mixed Results for MeadWestvaco
MeadWestvaco Corporation (MWV) delivered adjusted EPS of 43 cents in its first quarter of 2011, significantly beating the Zacks Consensus Estimate of 23 cents per share and more than three times the EPS of 13 cents in the prior-year quarter. Adjusted EPS in the first quarter...
28Apr2011 | vitalstocks | 0 comments | Continued(BMS) Company News for November 24, 2010 – Corporate Summary
• Eli Lilly (NYSE:LLY) received FDA approval for its topical solution drug Axiron, for testosterone replacement therapy in men • Tiffany (NYSE:TIF) reported estimate-beating third quarter earnings of $0.43 a share, ahead of Zacks projections of $0.37, on a 14% revenue jump...
29Nov2010 | vitalstocks | 0 comments | Continued(OI) Owens-Illinois Forms Joint Venture to Expand in China
Owens-Illinois Inc. (OI) has enhanced its presence in China by forming a joint venture with Thailand’s Berli Jucker Public Co. to buy four plants from Fraser & Neave Holdings Bhd.’s Malaya Glass operations for $221.7 million. The purchase price includes debt and minority...
24May2010 | vitalstocks | 0 comments | Continued(PTV) Buyout Story Boosts Pactiv Shares
Pactiv Corp. (PTV) shares jumped following a Wall Street Journal report claiming the company may be bought by private-equity firm Apollo Global Management. As the news spread, shares leapt 19% yesterday. According to the report, Pactiv is discussing a leveraged buyout (LBO) with...
24May2010 | vitalstocks | 0 comments | Continued(TUP) Tupperware Brands – Earnings Estimates Are Trending Higher
Tupperware Brands (TUP) has beaten the Zacks Consensus Estimate in each of the last five quarters by an average of 28.4%. Growth and Income The company is expected to grow its earnings per share 23% in 2010, 13% in 2011, and 12% per year for the long term. The stock also offers...
17May2010 | vitalstocks | 0 comments | Continued(PTV) Pactiv Corporation Completes PWP Industries Acquisition
Pactiv Corporation (PTV) has closed the acquisition of PWP Industries for $200 million. PWP is a leading manufacturer of APET (amorphous polyethylene terephthalate) disposable products. PWP primarily manufactures a range of APET foodservice containers for several channels Incorporatedluding...
7Apr2010 | vitalstocks | 0 comments | Continued(SLGN) Silgan Holdings Incorporated Outperforms
Silgan Holdings Inc. (SLGN) reported its fourth-quarter earnings last week. The company posted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 54 cents and up 40.0% from the year-ago earnings of 45 cents per share. Net sales in the quarter declined 4.9%...
8Feb2010 | vitalstocks | 0 comments | Continued(OI) Owens-Illinois Moderately Beats Consensus Estimates
Owens-Illinois, Inc. (OI) reported encouraging results for the fourth quarter and full year 2009. During the fourth quarter of 2009, EPS was $0.49, up from $0.45 in the fourth quarter of 2008. Reported EPS was slightly above the Zacks Consensus Estimate of $0.47. Full-year 2009...
30Jan2010 | vitalstocks | 0 comments | Continued(BLL) Ball Corporation Posts Higher Profits
Ball Corporation (BLL) reported fourth quarter earnings of 84 cents per share, beating the Zacks Consensus Estimate of 71 cents. The company posted year over year earnings growth of 50% for the quarter. Strong earnings growth in the quarter was driven by higher sales as well...
28Jan2010 | vitalstocks | 0 comments | Continued(BMS) Bemis Company Reports Fourth Quarter Growth
Bemis Company, Inc. (BMS) reported third-quarter earnings of 35 cents per share, compared to 33 cents in the prior-year quarter. Earnings growth in the quarter was driven by higher sales in the Flexible Packaging segment, favorable currency translation impact and successful cost...
28Jan2010 | vitalstocks | 0 comments | Continued(PTV) Pactiv Corporation Reports Earnings Beat
Pactiv Corporation (PTV) reported earnings per share from continuing operations for the fourth quarter of 2009 of 53 cents, exceeding the Zacks Consensus Estimate of 50 cents. Revenues declined 3% to $854 million from $883 million in 2008, reflecting 7% volume growth, 11% lower...
27Jan2010 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Misses Earnings Expectations
MeadWestvaco Corp. (MWV) reported fourth-quarter 2009 results before the opening bell today. The company swung to a GAAP net profit from continuing operations of $51 million from a GAAP net loss of $16 million in the year-ago period. Excluding special items, earnings per share...
27Jan2010 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Meets Earnings Expectations
Sealed Air Corporation (SEE) posted third-quarter EPS of 40 cents, in-line the Zacks Consensus Estimate and slightly higher than the prior-year EPS of 39 cents. Through its stringent cost-control measures and global manufacturing strategy, the company managed to offset the impact...
25Jan2010 | vitalstocks | 0 comments | Continued(TUP) Tupperware Brands – Favorable Industry Comparisons and Strong Momentum
Tupperware Brands Corporation (TUP) boasts industry-leading fundamentals as shares soar past the market. The company outperformed the S&P 500 by about 100% over the past year. Company Description Tupperware Brands Corporation is a global direct seller of premium, innovative...
27Dec2009 | vitalstocks | 0 comments | Continued(TUP) Tupperware Brands – Bullish Forecasts and Strong Momentum
Tupperware Brands Corporation (TUP) stacks up well against the market, outpacing the S&P 500 by more than 150% over the past year. The company also continues to see a bullish Zacks Consensus Estimate. Company Description Tupperware Brands Corporation is a global direct seller...
25Nov2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation – Bull of the Day
Sealed Air Corporation (SEE) reported third quarter 2009 EPS of 38 cents, above the Zacks Consensus Estimate of 33 cents and the prior-year EPS of 28 cents. The company raised its full-year 2009 EPS guidance to a range between $1.37-$1.45. The company expects to continue to realize...
17Nov2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation Upgraded to Outperform
Sealed Air Corporation (SEE) recently reported its third quarter results. The company posted earnings of 38 cents per share, beating the Zacks Consensus Estimate 33 cents as well as prior-year EPS of 28 cents. Through its stringent cost-control measures and global manufacturing...
16Nov2009 | vitalstocks | 0 comments | Continued(BLL) Ball Corporation Strengthens Presence in China
Ball Corporation (BLL) announced its plans to acquire the remaining 65% interest in a joint venture metal beverage can and end plant in Sanshui, China, from Guangdong Jianlibao Group Co., Ltd. Ball has owned 35% of the joint venture plant since 1992. Ball agreed to buy the plant...
11Nov2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Corporation Beats Expectations Handily
MeadWestvaco Corporation (MWV) reported solid profit improvement across all of its businesses for the third quarter of 2009. Pre-tax earnings from the company’s business segments increased 43% to $204 million from $143 million in the third quarter of 2008. Third quarter 2009...
28Oct2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation Keeps Outperforming
Sealed Air Corporation (SEE) posted third-quarter EPS of 38 cents, beating the Zacks Consensus Estimate of 33 cents as well as prior-year EPS of 28 cents. Through its stringent cost-control measures and global manufacturing strategy, the company managed to offset the impact of...
28Oct2009 | vitalstocks | 0 comments | Continued(BMS) Bemis Company Posts Higher Profits
Bemis Company, Inc. (BMS) reported third quarter earnings of 48 cents per share, above the Zacks Consensus Estimate of 39 cents and year-ago EPS of 43 cents. Earnings growth in the quarter was primarily driven by strong operating performance in the Flexible Packaging business,...
27Oct2009 | vitalstocks | 0 comments | Continued(SLGN) Silgan Holdings Beats Estimates and Raises Forward Guidance
Silgan Holdings Inc. (SLGN) reported its third-quarter earnings before market open. The company posted earnings of $1.91 per share, above the Zacks Consensus Estimate of $1.59 per share and up 31.7% from the year-ago earnings of $1.45 per share. Net sales in the quarter went...
22Oct2009 | vitalstocks | 0 comments | Continued