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Business Wire
6 days ago
- Business
- Business Wire
Packaging Corporation of America Reports Second Quarter 2025 Results
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2025 net income of $242 million, or $2.67 per share, and net income of $224 million, or $2.48 per share, excluding special items. Second quarter net sales were $2.2 billion in 2025 and $2.1 billion in 2024. (1) For descriptions and amounts of our special items, see the schedules with this release. (2) Diluted EPS excluding Special Items is a non-GAAP financial measure. For information regarding our use of non-GAAP financial measures and descriptions and amounts of our special items, see the schedules with this release. (3) Amounts may not foot due to rounding. Expand Reported earnings in the second quarter of 2025 include special items primarily for gains from the sale of real estate in connection with the disposal of corrugated products facilities that were previously closed, partially offset by costs related to the pending Greif containerboard business acquisition. Excluding special items, the $.28 per share increase in second quarter 2025 earnings compared to the second quarter of 2024 was driven primarily by higher prices and mix in the Packaging segment $.98, lower fiber costs $.13, higher prices and mix in the Paper segment $.04 and lower tax rate $.02. These items were partially offset by higher operating costs ($.30), higher maintenance outage expense ($.21), lower production and export sales volume in the Packaging Segment ($.13), higher depreciation expense ($.10), higher fixed and other expense ($.09), lower volume in the Paper segment ($.02), higher freight expense ($.02) and higher interest expense ($.02). Results were $.07 above second quarter guidance of $2.41 per share primarily due to lower operating costs and fiber costs. Financial information by segment is summarized below and in the schedules with this release. (1) Segment operating income (loss) excluding special items and EBITDA excluding special items are non-GAAP financial measures. We provide information regarding our use of non-GAAP financial measures and reconciliations of historical non-GAAP financial measures presented in this press release to the most comparable measure reported in accordance with GAAP in the schedules to this press release. Expand In the Packaging segment, total corrugated products shipments were up 1.7% per day and flat overall compared to the second quarter of 2024, with one additional workday in 2024. Containerboard production was 1,195,000 tons, and containerboard inventory was up 38,000 tons from the end of the second quarter of 2024 and down 17,000 tons compared to the end of the first quarter of 2025. In the Paper segment, sales volume was down 5% from the second quarter of 2024 and 7% compared to the first quarter of 2025. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, 'We operated very well during the quarter, delivering strong earnings and cash flows as well as higher margins in the Packaging segment. Pricing in the Packaging segment was consistent with expectations as we fully realized our earlier announced price increases. Despite cautious ordering patterns from customers, corrugated products volume was solid and steady throughout the quarter, with per day shipments exceeding the second quarter of 2024 and the first quarter of 2025. As expected, export containerboard sales were lower. We ran our containerboard mills to meet demand and drew down inventory to end at targeted levels. The Paper segment delivered another profitable quarter with strong margin performance, as we realized our earlier price increases. We continued to successfully manage costs across all of our operations, executing our capital projects and efficiency initiatives, which have helped offset inflation.' 'Looking ahead as we move from the second and into the third quarter,' Mr. Kowlzan added, 'while our corrugated products customers have remained cautious into July as economic uncertainty persists, we expect higher corrugated shipments, which will drive increased containerboard production. Export containerboard sales will be lower due to the effects of the global trade environment. We will build some containerboard inventory ahead of our fourth quarter maintenance outage at the DeRidder mill. We expect prices and mix in the Packaging segment to be relatively flat. We also expect flat pricing in the Paper segment and expect production and sales to increase with the International Falls mill outage completed in the second quarter and seasonal back-to-school orders. We have no scheduled maintenance outages during the third quarter and expect maintenance outage expense to be lower. Freight costs will be higher with the full effect of rail rate increases at our mills. Operating costs will be near second quarter levels and fiber costs will be slightly lower. Considering these items, we expect third quarter earnings of $2.80 per share, excluding special items. Our guidance does not include any possible impact from the pending acquisition of the Greif containerboard business, which is subject to satisfaction of certain conditions, including regulatory approval.' We present our earnings expectation for the upcoming quarter excluding special items as special items are difficult to predict and quantify and may reflect the effect of future events. We expect to incur acquisition and integration related costs for our pending acquisition of the Greif containerboard business during the third quarter; however, additional special items may arise due to third quarter events. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight mills and 85 corrugated products plants and related facilities. Some of the statements in this press release are forward-looking statements. Forward-looking statements include statements about our future earnings and financial condition, expected benefits from acquisitions and restructuring activities, our industry and our business strategy. Statements that contain words such as 'will', 'should', 'anticipate', 'believe', 'expect', 'intend', 'estimate', 'hope' or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of PCA. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of PCA could differ materially. The factors that could cause plans, actions and results to differ materially from PCA's current expectations include the following: the impact of general economic conditions; conditions in the paper and packaging industries, including competition, product demand and product pricing; fluctuations in wood fiber and recycled fiber costs; fluctuations in purchased energy costs; the possibility of unplanned outages or interruptions at our principal facilities; and legislative or regulatory requirements, particularly concerning environmental matters, as well as those identified under Item 1A. Risk Factors in PCA's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission and available at the SEC's website at ' '. Packaging Corporation of America Consolidated Earnings Results Unaudited (dollars in millions, except per-share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Net sales $ 2,171.3 $ 2,075.3 $ 4,312.3 $ 4,054.8 Cost of sales (1,688.3 ) (1) (1,637.6 ) (3,374.5 ) (1) (3,246.7 ) (2) Gross profit 483.0 437.7 937.8 808.1 Selling, general, and administrative expenses (153.2 ) (149.5 ) (314.6 ) (301.3 ) Other income (expense), net 3.9 (1) (12.2 ) (2) (9.2 ) (1) (34.8 ) (2) Income from operations 333.7 276.0 614.0 472.0 Non-operating pension income - 1.1 - 2.2 Interest expense, net (13.1 ) (10.4 ) (26.0 ) (19.9 ) Income before taxes 320.6 266.7 588.0 454.3 Provision for income taxes (79.1 ) (67.8 ) (142.7 ) (108.4 ) Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Earnings per share: Basic $ 2.68 $ 2.22 $ 4.95 $ 3.86 Diluted $ 2.67 $ 2.21 $ 4.93 $ 3.84 Computation of diluted earnings per share under the two class method: Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Less: Distributed and undistributed income available to participating securities (1.6 ) (1.4 ) (3.0 ) (2.5 ) Net income attributable to PCA shareholders $ 239.9 $ 197.5 $ 442.3 $ 343.4 Diluted weighted average shares outstanding 89.7 89.5 89.7 89.5 Diluted earnings per share $ 2.67 $ 2.21 $ 4.93 $ 3.84 Supplemental financial information: Capital spending $ 169.7 $ 245.0 $ 317.8 $ 321.7 Cash, cash equivalents, and marketable debt securities $ 955.9 $ 1,172.8 $ 955.9 $ 1,172.8 Expand (1) The three and six months ended June 30, 2025 include the following: a. $24.6 million and $18.8 million, respectively, of income related to gains on sales of corrugated products facilities, partially offset by closure costs related to corrugated products facilities. These items were recorded in 'Cost of sales' and 'Other expense, net', as appropriate. b. $1.6 million of charges related to the announced Greif, Inc. acquisition, which were recorded in 'Other expense, net.' (2) The three and six months ended June 30, 2024 include the following: a. $0.6 million of income and $9.7 million of charges, respectively, related to the announced discontinuation of production of uncoated freesheet paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities. The costs were recorded in 'Cost of sales' and 'Other expense, net', as appropriate. b. $0.1 million of charges consisting of closure costs related to corrugated products facilities. For the six months ended June 30, 2024, these charges were completely offset by $0.1 million of income primarily related to a favorable lease buyout for a closed corrugated products facility during the first quarter of 2024. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. Expand Packaging Corporation of America Segment Information Unaudited (dollars in millions) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Segment sales Packaging $ 2,005.9 $ 1,908.3 $ 3,976.3 $ 3,706.5 Paper 145.8 150.1 300.0 313.9 Corporate and Other 19.6 16.9 36.0 34.4 $ 2,171.3 $ 2,075.3 $ 4,312.3 $ 4,054.8 Segment operating income (loss) Packaging $ 346.3 $ 279.8 $ 624.4 $ 483.6 Paper 25.8 26.7 61.4 56.4 Corporate and Other (38.4 ) (30.5 ) (71.8 ) (68.0 ) Income from operations 333.7 276.0 614.0 472.0 Non-operating pension income - 1.1 - 2.2 Interest expense, net (13.1 ) (10.4 ) (26.0 ) (19.9 ) Income before taxes $ 320.6 $ 266.7 $ 588.0 $ 454.3 Segment operating income (loss) excluding special items (1) Packaging $ 321.7 $ 279.9 $ 605.6 $ 487.5 Paper 25.8 26.1 61.4 62.2 Corporate and Other (36.8 ) (30.5 ) (70.2 ) (68.0 ) $ 310.7 $ 275.5 $ 596.8 $ 481.7 EBITDA excluding special items (1) Packaging $ 452.9 $ 400.0 $ 862.1 $ 726.2 Paper 30.3 30.6 70.5 71.2 Corporate and Other (32.4 ) (26.6 ) (60.8 ) (60.2 ) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) Income (loss) from operations excluding special items, segment operating income (loss) excluding special items, earnings before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion (EBITDA), segment EBITDA, EBITDA excluding special items, and segment EBITDA excluding special items are non-GAAP financial measures. Management excludes special items as it believes these items are not necessarily reflective of the ongoing results of operations of our business. We present these measures because they provide a means to evaluate the performance of our segments and our company on an ongoing basis using the same measures that are used by our management, because these measures assist in providing a meaningful comparison between periods presented and because these measures are frequently used by investors and other interested parties in the evaluation of companies and the performance of their segments. The tables included in "Reconciliation of Non-GAAP Financial Measures" on the following pages reconcile the non-GAAP measures with the most directly comparable GAAP measures. Any analysis of non-GAAP financial measures should be done only in conjunction with results presented in accordance with GAAP. The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) Net Income Excluding Special Items and EPS Excluding Special Items (1) Three Months Ended June 30, 2025 2024 Income before taxes Income Taxes Net Income Diluted EPS Income before taxes Income Taxes Net Income Diluted EPS As reported in accordance with GAAP $ 320.6 $ (79.1 ) $ 241.5 $ 2.67 $ 266.7 $ (67.8 ) $ 198.9 $ 2.21 Special items (2): Facilities closure and other (income) costs (24.6 ) 6.1 (18.5 ) (0.20 ) 0.1 - 0.1 - Acquisition and integration-related costs 1.6 (0.4 ) 1.2 0.01 - - - - Jackson mill conversion-related activities - - - - (0.6 ) 0.2 (0.4 ) - Total special items (23.0 ) 5.7 (17.3 ) (0.19 ) (0.5 ) 0.2 (0.3 ) - Excluding special items $ 297.6 $ (73.4 ) $ 224.2 $ 2.48 $ 266.2 $ (67.6 ) $ 198.6 $ 2.20 (3) Six Months Ended June 30, 2025 2024 Income before taxes Income Taxes Net Income Diluted EPS Income before taxes Income Taxes Net Income Diluted EPS As reported in accordance with GAAP $ 588.0 $ (142.7 ) $ 445.3 $ 4.93 $ 454.3 $ (108.4 ) $ 345.9 $ 3.84 Special items (2): Facilities closure and other income (18.8 ) 4.7 (14.1 ) (0.15 ) - - - - Acquisition and integration-related costs 1.6 (0.4 ) 1.2 0.01 - - - - Jackson mill conversion-related activities - - - - 9.7 (2.4 ) 7.3 0.08 Total special items (17.2 ) 4.3 (12.9 ) (0.14 ) 9.7 (2.4 ) 7.3 0.08 Excluding special items $ 570.8 $ (138.4 ) $ 432.4 $ 4.79 $ 464.0 $ (110.8 ) $ 353.2 $ 3.92 Expand (1) Net income excluding special items and earnings per share excluding special items are non-GAAP financial measures. Management excludes special items as it believes these items are not necessarily reflective of the ongoing results of operations of our business. We present these measures because they provide a means to evaluate the performance of our company on an ongoing basis using the same measures that are used by our management, because these measures assist in providing a meaningful comparison between periods presented and because these measures are frequently used by investors and other interested parties in the evaluation of companies and their performance. Any analysis of non-GAAP financial measures should be done only in conjunction with results presented in accordance with GAAP. The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. (2) Pre-tax special items are tax-effected at a combined federal and state income tax rate in effect for the period the special items were recorded and this rate is adjusted for each subsequent quarter to be consistent with the estimated annual effective tax rate, in accordance with ASC 270, Interim Reporting, and ASC 740-270, Income Taxes – Intra Period Tax Allocation. For all periods presented, income taxes on pre-tax special items represent the current amount of tax. For more information related to these items, see the footnotes to the Consolidated Earnings Results on page 1. (3) Amount may not foot due to rounding. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) EBITDA and EBITDA Excluding Special Items (1) EBITDA represents income before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion. The following table reconciles net income to EBITDA and EBITDA excluding special items: Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Net income $ 241.5 $ 198.9 $ 445.3 $ 345.9 Non-operating pension income - (1.1 ) - (2.2 ) Interest expense, net 13.1 10.4 26.0 19.9 Provision for income taxes 79.1 67.8 142.7 108.4 Depreciation, amortization, and depletion 140.7 128.5 278.6 256.9 EBITDA (1) $ 474.4 $ 404.5 $ 892.6 $ 728.9 Special items: Facilities closure and other (income) costs (25.2 ) 0.1 (22.4 ) - Acquisition and integration-related costs 1.6 - 1.6 - Jackson mill conversion-related activities - (0.6 ) - 8.3 EBITDA excluding special items (1) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand Packaging Corporation of America Reconciliation of Non-GAAP Financial Measures Unaudited (dollars in millions) The following table reconciles segment operating income (loss) to segment EBITDA and segment EBITDA excluding special items: Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Packaging Segment operating income $ 346.3 $ 279.8 $ 624.4 $ 483.6 Depreciation, amortization, and depletion 131.8 120.1 260.1 238.6 EBITDA (1) 478.1 399.9 884.5 722.2 Facilities closure and other (income) costs (25.2 ) 0.1 (22.4 ) - Jackson mill conversion-related activities - - - 4.0 EBITDA excluding special items (1) $ 452.9 $ 400.0 $ 862.1 $ 726.2 Paper Segment operating income $ 25.8 $ 26.7 $ 61.4 $ 56.4 Depreciation, amortization, and depletion 4.5 4.5 9.1 10.5 EBITDA (1) 30.3 31.2 70.5 66.9 Jackson mill conversion-related activities - (0.6 ) - 4.3 EBITDA excluding special items (1) $ 30.3 $ 30.6 $ 70.5 $ 71.2 Corporate and Other Segment operating loss $ (38.4 ) $ (30.5 ) $ (71.8 ) $ (68.0 ) Depreciation, amortization, and depletion 4.4 3.9 9.4 7.8 EBITDA (1) (34.0 ) (26.6 ) (62.4 ) (60.2 ) Acquisition and integration-related costs 1.6 - 1.6 - EBITDA excluding special items (1) $ (32.4 ) $ (26.6 ) $ (60.8 ) $ (60.2 ) EBITDA excluding special items (1) $ 450.8 $ 404.0 $ 871.8 $ 737.2 Expand (1) See footnote (1) on page 2, for a discussion of non-GAAP financial measures. Expand
Yahoo
21-07-2025
- Business
- Yahoo
Is Andritz (ADRZY) Stock Outpacing Its Industrial Products Peers This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Andritz (ADRZY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question. Andritz is a member of our Industrial Products group, which includes 189 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Andritz is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 3.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, ADRZY has moved about 47.8% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 7.3% on a year-to-date basis. This shows that Andritz is outperforming its peers so far this year. Greif (GEF) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.7%. Over the past three months, Greif's consensus EPS estimate for the current year has increased 7%. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Andritz belongs to the Industrial Services industry, a group that includes 18 individual companies and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have gained about 5.1% so far this year, so ADRZY is performing better this group in terms of year-to-date returns. In contrast, Greif falls under the Containers - Paper and Packaging industry. Currently, this industry has 12 stocks and is ranked #93. Since the beginning of the year, the industry has moved -6.3%. Andritz and Greif could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Andritz (ADRZY) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Greif Announces Start of its First Virtual Power Purchase Agreement (VPPA) in Europe
DELAWARE, Ohio, July 16, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, is pleased to announce its Virtual Power Purchase Agreement (VPPA) through Enel X Global Retail team of experts and with Enel Green Power España (EGPE), started on July 1, 2025 following the successful construction and activation of the associated solar farms in Castilla y Léon, Spain. Under the 12-year agreement, Greif will purchase approximately 100 GWh per year of clean, renewable energy, helping the company offset an estimated 65% of its Scope 2 emissions in Europe and 3% of its combined Scope 1 and 2 emissions globally. 'The activation of our VPPA with Enel Green Power España and through Enel X Global Retail, is a testament to our commitment to reducing our environmental footprint and investing in sustainable solutions,' said Ole Rosgaard, President and CEO of Greif. 'This partnership not only advances our own sustainability objectives, but by funding the development of solar energy infrastructure, we are helping accelerate the world's transition to clean, renewable energy.' The solar VPPA is a core component of the company's broader sustainability strategy, which is centered on reducing greenhouse gas emissions and minimizing waste throughout its operations. For more information about Greif's sustainability initiatives and the VPPA, please visit About Greif, Inc. Greif is a global leader in industrial packaging products and services, pursuing its vision to be the best customer service company in the world. The company produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, corrugated sheets and products, uncoated recycled paperboard, coated recycled paperboard, tubes and cores, and a diverse mix of specialty products. Greif also manufactures packaging accessories and provides other packaging services for a wide range of industries. In addition, the company manages timber properties in the southeastern United States. Greif has a workforce of over 14,000 colleagues spread across more than 250 facilities in 37 countries to serve global as well as regional customers. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Greif undertakes no obligation to update or revise any forward-looking statements.
Yahoo
04-07-2025
- Business
- Yahoo
Why Is Greif (GEF) Up 9.5% Since Last Earnings Report?
It has been about a month since the last earnings report for Greif (GEF). Shares have added about 9.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Greif due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates review flatlined during the past month. Currently, Greif has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Greif has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Greif, Inc. (GEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
PCA to acquire Greif's containerboard business for $1.8bn
Packaging Corporation of America (PCA) has reached a definitive agreement to acquire the Containerboard business of Greif for $1.8bn. PCA plans to fund the transaction using $1.5bn in new debt and available cash. Greif will use the cash proceeds for debt repayment, which will contribute to more stable earnings for the company. Greif president and CEO Ole Rosgaard said: 'The sale of our Containerboard business is fully aligned with our Build to Last strategy and unlocks immediate value for our shareholders. 'It represents a pivotal step in our work to sharpen our portfolio, enhance our capital efficiency, and advance our growth priorities.' The Greif Containerboard business operates two mills with a production capacity of around 800,000 tons (t) and has eight sheet feeders and corrugated plants in the US. In addition, the deal includes the CorrChoice sheet-feeder network. For the 12 months ending 30 April 2025, the segment reported approximately $1.2bn in sales and $212m in earnings before interest, taxes, depreciation, and amortisation. PCA president Tom Hassfurther said: 'We have a great deal of respect for Greif and are very pleased to have reached [an] agreement to acquire this business. 'Greif's people have developed deep and lasting relationships with their customers, who we look forward to serving with Greif's well-capitalised facilities.' The transaction is anticipated to close by the end of PCA's third quarter (Q3), pending customary conditions and regulatory approvals. BofA Securities advised PCA and committed financing for the transaction while Goldman Sachs served as the exclusive financial advisor to Greif. PCA announced a net income of $203.8m, or $2.26 per share, for Q1 fiscal year 2025 (FY25), marking a 38.7% increase from the $146.9m reported in Q1 FY24. "PCA to acquire Greif's containerboard business for $1.8bn" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
