Stock Blog Hub » Packaging & Containers

(BMS) Company News for January 26, 2012 – Corporate Summary

vitalstocks — Thu, 26 Jan 2012 16:07:17 +0000

• 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 said it expects its 2012 earnings to come in below the Street’s expectations • Specialty glass maker [...]

(BMS) Company News for January 26, 2012 – Corporate Summary

(MWV) MeadWestvaco Impacted by Weak Demand

vitalstocks — Sat, 21 Jan 2012 20:40:19 +0000

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 million to $845 million. Meanwhile, free cash flow from [...]

(MWV) MeadWestvaco Impacted by Weak Demand

(BMS) Bemis Corporation – Bear of the Day

vitalstocks — Wed, 02 Nov 2011 21:02:03 +0000

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 revenues last year came from its business outside the United States. Recent [...]

(BMS) Bemis Corporation – Bear of the Day

(SEE) Sealed Air Issues Notes to Fund Diversey Holdings Purchase

vitalstocks — Wed, 21 Sep 2011 18:09:59 +0000

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 $750 million each. The first series is supposed to [...]

(SEE) Sealed Air Issues Notes to Fund Diversey Holdings Purchase

(BLL) Ball Expands Antenna Center

vitalstocks — Tue, 05 Jul 2011 13:56:51 +0000

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 improve by 20% or more. Almost 28000 square feet of space has been added to [...]

(BLL) Ball Expands Antenna Center

(MWV) MeadWestvaco Builds New Boiler

vitalstocks — Tue, 28 Jun 2011 23:31:15 +0000

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 profitability of the company but also sharpens its competitive edge in providing high quality paper board packaging [...]

(MWV) MeadWestvaco Builds New Boiler

(SLGN) Silgan Holdings Bows Out of Graham Packaging Race

vitalstocks — Wed, 22 Jun 2011 17:18:59 +0000

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 Packaging had informed Silgan that it is planning to accept a higher offer of $25 [...]

(SLGN) Silgan Holdings Bows Out of Graham Packaging Race

(SEE) Sealed Air Corporation Increases Revenues – Falters on Earnings

vitalstocks — Tue, 03 May 2011 19:39:21 +0000

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 results were impacted by an unfavorable spread [...]

(SEE) Sealed Air Corporation Increases Revenues – Falters on Earnings

(MWV) Mixed Results for MeadWestvaco

vitalstocks — Thu, 28 Apr 2011 18:58:42 +0000

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 excluded some special items. Adjusting for these items, EPS [...]

(MWV) Mixed Results for MeadWestvaco

(BMS) Company News for November 24, 2010 – Corporate Summary

vitalstocks — Mon, 29 Nov 2010 20:38:43 +0000

• 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 to $681.7 million that was above Zacks estimates of $651 million. The firm said it [...]

(BMS) Company News for November 24, 2010 – Corporate Summary

(OI) Owens-Illinois Forms Joint Venture to Expand in China

vitalstocks — Tue, 25 May 2010 04:04:54 +0000

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 interests, of which Owens-Illinois’ portion was $132.4 million. Thailand-based Berli Jucker is [...]

(OI) Owens-Illinois Forms Joint Venture to Expand in China

(PTV) Buyout Story Boosts Pactiv Shares

vitalstocks — Mon, 24 May 2010 21:17:42 +0000

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 Apollo Global Management. As of yet, no details on the price of [...]

(PTV) Buyout Story Boosts Pactiv Shares

(TUP) Tupperware Brands – Earnings Estimates Are Trending Higher

vitalstocks — Mon, 17 May 2010 15:35:46 +0000

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 investors a nice [...]

(TUP) Tupperware Brands – Earnings Estimates Are Trending Higher

(PTV) Pactiv Corporation Completes PWP Industries Acquisition

vitalstocks — Thu, 08 Apr 2010 00:25:41 +0000

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 packer processor bakeries, supermarkets and quick service restaurants. It operates three manufacturing facilities in the United States, [...]

(PTV) Pactiv Corporation Completes PWP Industries Acquisition

(SLGN) Silgan Holdings Incorporated Outperforms

vitalstocks — Tue, 09 Feb 2010 03:50:17 +0000

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% to $705.3 million from $741.6 million in the prior-year [...]

(SLGN) Silgan Holdings Incorporated Outperforms

(OI) Owens-Illinois Moderately Beats Consensus Estimates

vitalstocks — Sat, 30 Jan 2010 21:29:06 +0000

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 EPS was $2.93, down from $3.80 in 2008, while it [...]

(OI) Owens-Illinois Moderately Beats Consensus Estimates

(BLL) Ball Corporation Posts Higher Profits

vitalstocks — Thu, 28 Jan 2010 21:22:40 +0000

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 as an improved operating performance. Net sales in the [...]

(BLL) Ball Corporation Posts Higher Profits

(BMS) Bemis Company Reports Fourth Quarter Growth

vitalstocks — Thu, 28 Jan 2010 20:51:19 +0000

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 controls by the company, which were partially offset by financing impact of the [...]

(BMS) Bemis Company Reports Fourth Quarter Growth

(PTV) Pactiv Corporation Reports Earnings Beat

vitalstocks — Thu, 28 Jan 2010 01:53:55 +0000

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 pricing and 1% favorable foreign exchange. The lower pricing reflects normal [...]

(PTV) Pactiv Corporation Reports Earnings Beat

(MWV) MeadWestvaco Misses Earnings Expectations

vitalstocks — Thu, 28 Jan 2010 01:39:51 +0000

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 came in at 22 cents, which missed the Zacks Consensus Estimate [...]

(MWV) MeadWestvaco Misses Earnings Expectations

(SEE) Sealed Air Meets Earnings Expectations

vitalstocks — Mon, 25 Jan 2010 20:47:27 +0000

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 of lower sales on its earnings. Net sales declined 1.8% to $1.15 billion from [...]

(SEE) Sealed Air Meets Earnings Expectations

(TUP) Tupperware Brands – Favorable Industry Comparisons and Strong Momentum

vitalstocks — Sun, 27 Dec 2009 23:14:09 +0000

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 products across multiple brands and categories through an independent sales force of over 2 million. Product [...]

(TUP) Tupperware Brands – Favorable Industry Comparisons and Strong Momentum

(TUP) Tupperware Brands – Bullish Forecasts and Strong Momentum

vitalstocks — Wed, 25 Nov 2009 18:48:02 +0000

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 of premium, innovative products across multiple brands and categories through an independent [...]

(TUP) Tupperware Brands – Bullish Forecasts and Strong Momentum

(SEE) Sealed Air Corporation – Bull of the Day

vitalstocks — Tue, 17 Nov 2009 14:58:10 +0000

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 benefits from its cost reduction and productivity programs [...]

(SEE) Sealed Air Corporation – Bull of the Day

(SEE) Sealed Air Corporation Upgraded to Outperform

vitalstocks — Tue, 17 Nov 2009 01:28:39 +0000

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 strategy, the company managed to offset the impact of lower sales on its [...]

(SEE) Sealed Air Corporation Upgraded to Outperform

(BLL) Ball Corporation Strengthens Presence in China

vitalstocks — Wed, 11 Nov 2009 20:39:51 +0000

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 and related assets for approximately $90 million [...]

(BLL) Ball Corporation Strengthens Presence in China

(MWV) MeadWestvaco Corporation Beats Expectations Handily

vitalstocks — Thu, 29 Oct 2009 04:36:53 +0000

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 net income from continuing operations was $128 million, or 74 cents per share, [...]

(MWV) MeadWestvaco Corporation Beats Expectations Handily

(SEE) Sealed Air Corporation Keeps Outperforming

vitalstocks — Thu, 29 Oct 2009 04:35:25 +0000

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 lower sales on its earnings. Net sales declined 11.4% to $1.08 billion [...]

(SEE) Sealed Air Corporation Keeps Outperforming

(BMS) Bemis Company Posts Higher Profits

vitalstocks — Wed, 28 Oct 2009 03:31:12 +0000

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, helped by improved sales mix and successful cost controls by the [...]

(BMS) Bemis Company Posts Higher Profits

(SLGN) Silgan Holdings Beats Estimates and Raises Forward Guidance

vitalstocks — Thu, 22 Oct 2009 16:09:27 +0000

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 up 5.4% to $1,016.5 million from $964.3 million in the [...]

(SLGN) Silgan Holdings Beats Estimates and Raises Forward Guidance

(TUP) Top Performer for Wed: Tupperware- Zacks #1 Rank Top Performers

vitalstocks — Wed, 21 Oct 2009 23:11:52 +0000

Yesterday, Tupperware Brands Corporation (TUP) announced a third-quarter report that included a positive earnings surprise, a (slight) gain in sales, a raised full-year guidance and a raised dividend. As a result, shares of this kitchen food storage staple have advanced approximately 10% today, making it a Zacks #1 Rank Top Performer. Volume has surged today [...]

(TUP) Top Performer for Wed: Tupperware- Zacks #1 Rank Top Performers

(BWY) BWAY Holding Company – Beat Estimates by 40.48% in the Third Quarter

vitalstocks — Wed, 21 Oct 2009 16:58:57 +0000

BWAY Holding Company (BWY) has surprised on estimates 4 quarters in a row by an average of 31.51%. It also recently raised guidance to the higher end of its forecast range. The company trades with a forward P/E of 13.04. Company Description BWAY Holding manufactures industrial in 21 plants in the United States and Canada. [...]

(BWY) BWAY Holding Company – Beat Estimates by 40.48% in the Third Quarter

(MWV) MeadWestvaco Sells Specialty Papers Business Assets

vitalstocks — Sat, 17 Oct 2009 00:43:59 +0000

Packaging solution provider MeadWestvaco Corp. (MWV) recently agreed to sell its Specialty Papers business in South Lee, Massachusetts, to Onyx Specialty Papers Inc. The sale is expected to close in early December. The company said that it will fully exit the Specialty Papers business upon the completion of this sale. MeadWestvaco did not disclose the [...]

(MWV) MeadWestvaco Sells Specialty Papers Business Assets

(BLL) Ball Corporation Sheds Extra Assets

vitalstocks — Fri, 16 Oct 2009 23:11:17 +0000

Yesterday, metal and plastic packaging manufacturer, Ball Corporation (BLL), announced the sale of its plastic pail assets to BWAY Corporation (BWY) for approximately $32 million. The sale, which is expected to close by the end of October, primarily involves the sale of a pail manufacturing plant in Newnan, Georgia. Ball acquired this plant in 2006 [...]

(BLL) Ball Corporation Sheds Extra Assets

(BLL) Ball Corporation Expands Beverage Can Business

vitalstocks — Tue, 06 Oct 2009 18:22:48 +0000

Last Week, Ball Corporation (BLL) completed its previously announced acquisition of three beverages can manufacturing plants and one beverage can end manufacturing plant from Anheuser-Busch InBev (BUD). Ball paid $577 million for the four plants Incorporatedluding associated contracts. The company raised required capital for the acquisition through senior notes offering in August. The facilities acquired [...]

(BLL) Ball Corporation Expands Beverage Can Business

(TUP) Tupperware Brands Corporation – Earnings Consensus Moves Up Strong

vitalstocks — Tue, 06 Oct 2009 17:47:36 +0000

Tupperware Brands Corporation (TUP) is showing solid fundamental growth, which is translating into a surging share price. TUP has outpaced the broader market over the past year and since reporting as its share price closes in on a 52-week high. Bullish Forecasts Tupperware Brands Corporation continues to see bullish projections. Analysts polled by Zacks are [...]

(TUP) Tupperware Brands Corporation – Earnings Consensus Moves Up Strong

(PKG) Packaging Corporation of America – ROE of 17%, Exceeds the Industry Average of 12%

vitalstocks — Sat, 03 Oct 2009 22:42:24 +0000

Packaging Corporation of America (PKG) continues to see upward revisions of the Zacks Consensus Estimates. Analysts are currently calling for full-year earnings of 97 cents per share, which is up from 60 cents over the past 3 months. Company Description Packaging Corporation of America produces containerboard and corrugated packaging products in the U.S. The company [...]

(PKG) Packaging Corporation of America – ROE of 17%, Exceeds the Industry Average of 12%

(PKG) Packaging Corporation of America’s Consensus Estimate Spiked

vitalstocks — Thu, 10 Sep 2009 21:40:59 +0000

Packaging Corporation of America (PKG) recently declared a quarterly dividend of 15 cents per share. The company offers a dividend yield of 2.9%, beating the industry average of 1.8%. Shares have been outpacing the market, closing in on a 52-week high. Company Description Packaging Corporation of America produces containerboard and corrugated packaging products in the [...]

(PKG) Packaging Corporation of America’s Consensus Estimate Spiked

(BWY) Zacks #1 Rank Additions for Wednesday – Strong Buy changes

vitalstocks — Wed, 19 Aug 2009 22:05:24 +0000

Here are the stocks added to the Zacks #1 Rank (“strong buy”) List today: Bway Holding Co (BWY) China-Biotics Inc (CHBT) DreamWorks Animation SKG Inc (DWA) Evercore Partners Inc (EVR) Gafisa SA (GFA) KMG Chemicals Inc (KMGB) Navarre Corp (NAVR) Platinum Underwriters Holdings Ltd (PTP) Quaker Chemical Corp (KWR) Raymond James Financial Inc (RJF) Sourcefire [...]

(BWY) Zacks #1 Rank Additions for Wednesday – Strong Buy changes

(PKG) Packaging Corporation of America – Sales slipped 11% year-over-year

vitalstocks — Fri, 14 Aug 2009 23:41:23 +0000

Packaging Corporation of America (PKG) recently posted second-quarter adjusted earnings of 28 cents per share, which was below the previous year’s 34 cents but well ahead of the Zacks Consensus Estimate of 16 cents. Sales slipped 11% year-over-year. Company Description Packaging Corporation of America produces containerboard and corrugated packaging products in the U.S. The company [...]

(PKG) Packaging Corporation of America – Sales slipped 11% year-over-year

(TUP) Tupperware Brands Corporation – Growth And Income – Zacks Rank Buy

vitalstocks — Fri, 05 Jun 2009 22:17:14 +0000

Tupperware Brands Corporation (TUP) recently declared a quarterly dividend of 22 cents per share, noting that it is payable on July 6 to shareholders of record as of June 11. The company boasts an industry-leading dividend yield of 3%. Company Description Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple [...]

(TUP) Tupperware Brands Corporation – Growth And Income – Zacks Rank Buy

(BWY) BWAY Holdings Co. – Aggressive Growth – Zacks Rank Buy

vitalstocks — Sun, 17 May 2009 00:04:40 +0000

BWAY Holding Co. (BWY) shares have gone on to set a new 52-week high following the latest earnings report and estimates revisions. Company Description BWAY Holding Company manufactures and distributes metal and plastic containers through its subsidiaries. Packaging is used for industrial and consumer products. The company produces every type of container imaginable from aerosol [...]

(BWY) BWAY Holdings Co. – Aggressive Growth – Zacks Rank Buy

(TUP) Tupperware Brands Corporation – Growth And Income – Zacks Rank Buy

vitalstocks — Wed, 13 May 2009 02:24:18 +0000

Tupperware Brands Corporation (TUP) has been surging lately as shares more than doubled off recent multi-year lows. Analysts are optimistic on earnings, lifting year 2009 estimates by 2 cents to $2.21 per share in just the past week. Company Description Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands [...]

(TUP) Tupperware Brands Corporation – Growth And Income – Zacks Rank Buy

(BWY) BWAY Holding Co. – Aggressive Growth – Zacks Rank Buy

vitalstocks — Thu, 19 Mar 2009 22:42:45 +0000

BWAY Holding Co. (BWY) recently announced its third consecutive earnings surprise and should be growing steadily for the next few years. Company Description BWAY Holding Company is a leading North American manufacturer of general line rigid metal and plastic containers. The company operates in two segments, Metal Packaging and Plastic Packaging. The Metal segment makes [...]

(BWY) BWAY Holding Co. – Aggressive Growth – Zacks Rank Buy