Paper & Paper Products
(IP) International Paper’s Earnings Beat by 1 Cent
International Paper Co. (IP) reported fourth-quarter EPS of 24 cents, slightly above the Zacks Consensus Estimate of 23 cents and up 14% from EPS of 21 cents reported in the prior-year quarter. Earnings growth in the quarter was primarily a result of the company’s overhead...
4Feb2010 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Corporation Reports Below Expectations
Avery Dennison Corp. (AVY) posted fourth-quarter earnings of 44 cents per share, below the Zacks Consensus Estimate of 67 cents and down 32.3% from last year’s earnings of 65 cents. The lower than expected earnings in the quarter was primarily a result of increased investment...
1Feb2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Increasing Paperboard Prices
Sonoco Products Company (SON) announced that it will increase prices for all uncoated recycled paperboard grades and paperboard industrial converted products in the United States and Canada, effective February 1, 2010. The company announced a price hike of $50 per ton for all...
12Jan2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Invests in Growth
Sonoco Products Company (SON) completed the acquisition of injection molded plastics spools and reels assets of EconoReel Corporation. The company did not disclose the terms of the deal. Through this transaction, Sonoco acquired a molded plastics spools and reels manufacturing...
3Dec2009 | vitalstocks | 0 comments | Continued(IP) International Paper Tops Expectations
International Paper Co. (IP) reported third-quarter EPS of 37 cents, above the Zacks Consensus Estimate of 23 cents. The better-than-expected quarterly results were driven by the company’s overhead cost reduction efforts as well as integration synergies in its industrial packing...
1Nov2009 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Corporation Gains from Restructuring
Avery Dennison Corp. (AVY) posted third quarter earnings of 82 cents per share, well-above the Zacks Consensus Estimate of 57 cents and slightly higher than last year’s earnings of 81 cents. Lower sales were offset by productivity improvements and gains from the restructuring...
27Oct2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Outperforms – Raises Guidance
Sonoco Products Company (SON) reported third quarter earnings of 50 cents per share, beating its own guidance of 43-47 cents and the Zacks Consensus Estimate of 46 cents. However, third quarter EPS was down 17% compared to 60 cents reported last year, primarily due to lower volumes...
27Oct2009 | vitalstocks | 0 comments | Continued(IP) International Paper Shreds Jobs
International Paper Co. (IP) plans to close three of its mills, which will reduce its work force by 1,600 employees. The company plans to close its paper mill and associated operations in Franklin, Virginia, besides its containerboard mills in Pineville, Louisiana and Albany,...
27Oct2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Closes Another Plant
Sonoco Products Company (SON) plans to close its rigid paper packaging plant in Orrville, Ohio by March 2010. The plant, which was acquired in 2007, manufactures fiber cartridges for adhesives and sealants, and currently employs 84 employees. The first phase of the plant’s...
11Sep2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Forms Strategic Alliance With Albemarle
Yesterday, MeadWestvaco Corp. (MWV) executed a Memorandum of Understanding (MOU) to form a strategic alliance with Albemarle Corporation (ALB) to supply activated carbon products in the U.S. This alliance will serve the emerging mercury removal market for the coal-fired power...
9Sep2009 | vitalstocks | 0 comments | Continued(UFS) We Energies Plans Biomass Plant
We Energies plans to build a 50 megawatts biomass-fueled power plant at Rothschild, Wisconsin paper mill site of Domtar Corp. (UFS). Early next year, the utility will apply to the Public Service Commission of Wisconsin for necessary permits. The project will cost around $250...
2Sep2009 | vitalstocks | 0 comments | Continued(IP) Purchasing Managers Index Shows Expansion
The Institute of Supply Management’s (ISM) Purchasing Managers Index, a closely watched gauge of manufacturing activity, rose to 52.9 in August from 48.9 in June. It was also well above the 50.5 consensus expectations. With this index, 50 is the magic number that separates...
1Sep2009 | vitalstocks | 0 comments | Continued(SPP) Sappi Limited Adjusts Production
Sappi Limited (SPP) announced that it will permanently cease operations at its coated fine paper mill in Muskegon, Michigan. The company had suspended the operations at the mill in March 2009. The mill had an annual production capacity of 170,000 metric tons. Permanent Closure...
27Aug2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Raises $250 million
Yesterday, MeadWestvaco Corp. (MWV) commenced a public offering of $250 million aggregate principal amount of 7.375% Notes due 2019. This is expected to close on Aug. 24, subject to customary closing conditions. Net proceeds from the offering will be used for payment of the purchase...
19Aug2009 | vitalstocks | 0 comments | Continued(SWM) Schweitzer-Maudit International Inc. – estimates spike – very nice growth projection
Schweitzer-Maudit International Inc. (SWM) recently posted solid second-quarter results that beat estimates on higher prices and lower costs. Estimates and the company’s share price both spiked in reaction to the news. Company Description Schweitzer-Maudit International...
13Aug2009 | vitalstocks | 0 comments | Continued(IP) The recession in historical context
How does the current economic and financial downturn match up to past contractions? In an attempt to present matters in historical context, Paul Swartz of the Council on Foreign Relations recently published a chart book showing that the current economic environment has been more...
18Jun2009 | prieur | 0 comments | Continued(RKT) RockTenn Company – Value – Zacks Rank Buy
RockTenn Company (RKT), the packaging products manufacturer, reported record earnings for the fiscal second quarter of 2009 which surprised on estimates by 3.03%. On Apr 27, RockTenn reported record adjusted earnings per share that rose 55% to $1.02 compared to 66 cents in the...
16Jun2009 | vitalstocks | 0 comments | Continued(NP) Neenah Paper, Inc. – Momentum – Zacks Rank Buy
Neenah Paper, Inc. (NP) recently reported first-quarter results. Earnings came in 88% ahead of the consensus estimate, and analysts are bullish on earnings going forward. Management said the company is poised to grow stronger as global economies recover. Company Description Neenah...
5Jun2009 | vitalstocks | 0 comments | Continued(IP) AuthenTec: Ripe for an Acquisition?
AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q1/09 earnings and held their analyst conference call May 12th after the market closed. As I wrote on my Twitter...
20May2009 | PeakStocks.com | 0 comments | Continued(IP) AuthenTec: Cheap By Many Measures, Especially Net Net Deep Value
We’ve had quite a recovery in the market from the lows reached in March, and many semiconductor stocks have followed suit. While AuthenTec Inc. (NASDAQ: AUTH), a maker of fingerprint sensors, is no different, even with a recovery in its stock price from the absolute abyss,...
7May2009 | PeakStocks.com | 0 comments | Continued(RKT) RockTenn Company – Value – Zacks Rank Buy
RockTenn Company (RKT), the packaging manufacturer, reported record earnings in the first quarter as the recent acquisition of Southern Container is paying off. The stock is cheap. RKT is trading at just 7.2x forward earnings. Company Description RockTenn manufactures packaging...
26Mar2009 | vitalstocks | 0 comments | Continued(SWM) Schweitzer-Mauduit International – 72% earnings growth projection
Schweitzer-Mauduit International, Inc. (SWM) posted impressive third-quarter results in mid November in which the company moved back into profitability from last year. Analysts are bullish on the company, with the next-year estimate pegged at $1.55, a 72% earnings growth projection. Company...
2Jan2009 | Shawn | 0 comments | Continued(IP) AuthenTec Earnings Preview: Now What?
Yuck. That’s all I can say about AuthenTec right now… After shocking the market a on September 8th with a mid-quarter “business update” the stock has cratered and sits now about 80% below previous levels. At these prices the stock is trading below its...
28Oct2008 | Shawn | 0 comments | Continued