Finance: Page 17

  • Berry Global's headquarters in Evansville, Indiana.
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    Permission granted by Berry Global
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    Berry execs talk consolidation, shifting priority sectors

    The company is “rationalizing” 15 facilities across the world — and more could be affected — to boost efficiencies and productivity.

    By • May 8, 2023
  • Ball cans and bottles.
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    Permission granted by Ball Corporation
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    Ball’s beverage can shipments decline amid weaker consumer spending

    Executives said Ball will continue to take downtime at facilities in Q2, and it’s moving forward to close a plant in Wallkill, New York. The coming summer months and new products offer some reasons for optimism, though.

    By • May 5, 2023
  • A WestRock building in Richmond, VA.
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    "@westrockcompany downtown near Tredegar and the Fed." by phil nunnally is licensed under CC BY 2.0
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    WestRock sees ‘unprecedented drop in volumes,’ will continue closing inefficient facilities

    Streamlining measures are helping to “successfully navigate this slower demand environment,” said CEO David Sewell.

    By • May 4, 2023
  • The new logo for SEE, the rebrand of Sealed Air.
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    Courtesy of SEE
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    Sealed Air rebrands as SEE, emphasizing automation and digital solutions

    The announcement came as the global packaging company reported results from a “tough quarter” but outlined 2027 growth plans on multiple fronts, including through its recently finalized Liquibox acquisition.

    By • May 4, 2023
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Getty Images
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    Federal Reserve hikes main rate while ‘highly attentive to inflation risks’

    It raised the main interest rate by a quarter percentage point and suggested that in the future it may pause its most aggressive monetary policy in four decades, depending on incoming data on inflation and other factors.

    By Jim Tyson • May 4, 2023
  • Amcor logo
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    Permission granted by Amcor
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    Amcor plans further labor cuts as weak demand and destocking persist

    The company lacks optimism that market challenges will abate in the near term. Executives foresee volume weakness during what is typically the seasonally strongest quarter for the North American beverage business.

    By • May 3, 2023
  • A Graphic Packaging International building and parking lot.
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    Jordiferrer, CC BY-SA 3.0, via Wikimedia Commons

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    Graphic Packaging touts diverse end market portfolio, launches Chick-fil-A insulated fiber cups

    Executives lauded gains in the face of challenging Q1 fiber demand, while announcing a new partnership for insulated, double-walled fiber cups to displace plastic foam.

    By • May 2, 2023
  • Rows of aerosol cans.
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    Getty Images
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    Sonoco reports food packaging sales helped balance weak quarter for aerosols

    “We are cautiously optimistic about the remainder of the year,” CFO Rob Dillard said on a Tuesday earnings call, as the company raised aspects of its full-year guidance.

    By • May 2, 2023
  • Green glass bottles.
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    Getty Images
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    How packaging manufacturers fared in Q1

    Follow what top companies said in quarterly earnings reports about consolidation efforts, consumer demand and projections for the rest of 2023.

    By Packaging Dive Staff • Updated May 10, 2023
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    International Paper earnings down as March brought ‘surprise’ demand dropoff

    The longer and deeper period of inventory destocking has taken a toll, but April has shown a notable uptick in box sales.

    By • April 28, 2023
  • Consumer shops for milk
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    Getty Images
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    Consumer confidence sinks, implying downturn to come

    Weakening optimism among consumers, as measured by the Conference Board, coincides with a decline in credit.

    By Jim Tyson • April 27, 2023
  • O-I Glass worker inspects glass bottles
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    Courtesy of O-I Glass
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    O-I Glass sees lower volumes in Q1 but raises 2023 earnings guidance

    Higher selling prices helped overcome year-over-year sales volume declines, which O-I attributed in part to disruptive events, customer destocking and softer consumer demand in some areas.

    By • April 27, 2023
  • Can manufacturing line
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    Getty Images
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    Crown reports sales growth in Americas Beverage, hopes for carbonated soft drinks uptick

    Can volumes were down 2.5% amid inflation’s impact on consumers and economic slowdowns in some international markets, said CEO Tim Donahue. The company anticipates summer trends could boost drink sales soon.

    By • April 26, 2023
  • A sign outside a building says Packaging Corporation of America.
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    Getty Images
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    PCA misses earnings targets due to box demand ‘well below our expectations’

    Despite indicators becoming “more negative as the months went on” related to containerboard demand, executives from Packaging Corporation of America said they’ve seen volumes turn around in April.

    By • April 25, 2023
  • Puzzle pieces with packaging
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images

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    Tracking packaging mergers and acquisitions in 2025

    Georgia-Pacific completed its acquisition of St. Louis-based Anchor Packaging. Catch up on other M&A updates.

    By , , • Updated Oct. 23, 2025
  • An illustration of a stock market graph and bar chart price display.
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    Getty Images
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    Early earnings indicators point to wrinkles in the wrappers

    Bank of America and Zacks are among the firms that have noted Q1 challenges due to cost pressures, destocking and more. One big question is whether the slump will turn around this year or if it’s a harbinger of a recession.

    By • April 24, 2023
  • Suite of refillable Soft Soap products.
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    Courtesy of Colgate-Palmolive
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    Colgate-Palmolive, Keurig Dr Pepper enhancing reuse efforts

    While companies have worked on packaging reuse systems, some investors think more robust reporting could build momentum for action across the industry.

    By • April 17, 2023
  • Corrugated linerboard on a production line
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    Getty Images
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    Packaging M&A may be more measured, but still active, in year ahead

    High interest rates and more consolidation may be limiting major deals, but the role of private equity and sustainability demand remain influential. Experts from Specright, Deutsche Bank and the Plastics Industry Association weigh in.

    By • April 7, 2023
  • IBC tank containers
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    Getty Images
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    Greif buys majority stake in industrial packaging company Centurion Container for $145M

    Greif hopes the deal stemming from a 2020 joint venture will “greatly expand” its North American presence and be a circular solution for intermediate bulk containers and plastic drums.

    By • April 4, 2023
  • Can manufacturing line
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    Getty Images
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    Packaging companies announced US facility closures, at least 1,800 planned layoffs, in Q1

    Ball, O-I Glass, Pactiv Evergreen, Sonoco and others are all trimming operations in multiple states.

    By • Updated March 30, 2023
  • Photo illustration of cardboard box
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images

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    Deep Dive

    5 factors influencing packaging design and operations

    From navigating inflation and changing regulations to assessing the impact of automation and plastics M&A, these are some of the top industry trends to watch.

    By , , • March 27, 2023
  • Kevin Kuznicki, who has been appointed as president of Billerud North America.
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    Courtesy of Billerud/Cision
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    Billerud North America to get new president as it pursues regional growth

    Kevin Kuznicki, previously deputy president and general counsel, will take the helm as the Swedish paper specialist looks to expand its U.S. business following the 2022 acquisition of Verso.

    By • March 27, 2023
  • Federal Reserve Chair Jerome Powell.
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    Getty Images
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    Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

    The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

    By Jim Tyson • March 23, 2023
  • Interior of industrial production facility
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    Courtesy of Sonoco
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    Sonoco reports ‘pivotal year’ of growth driven by consumer packaging demand and M&A

    During a recent earnings call, CEO Howard Coker touted the importance of the company’s metal packaging acquisition — its largest ever — and why he thinks it “feels like we are in a recession.” 

    By • Feb. 13, 2023
  • Office building with glass windows alongside a river with snowy environment
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    The image by Will Fisher is licensed under CC BY-SA 2.0
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    WestRock notes global paper market headwinds but touts sustainability investments as growing opportunity

    WestRock reported lower Q1 income and withdrew full-year guidance due to market uncertainty. CEO David Sewell said increased packaging revenue and a focus on plastic packaging replacement projects are positive signs, however.

    By Megan Quinn • Feb. 2, 2023