Total Packaging Papers shipments were 223,400 tons, 1.6 percent lower than October 2016. Bag & Sack shipments are up 3.3 percent year-to-date, while Food Wrapping shipments are down 7.1 percent over the same period. The operating rate for October 2017 was 85.5 percent, while the year-to-date rate was 88.3 percent. Inventories were 167,800 tons, down slightly since September.
http://afandpa.org/media/news/2017/11/15/american-forest-paper-association-releases-october-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
Related Posts
Earnings as expected below previous year’s record level. • Sharp decline in demand and significant market- and capex-related downtime at MM Board & Paper weigh on results • Strong profit performance at MM Packaging • Comprehensive modernisation programme to increase competitiveness of MM Board & Paper implemented • Successful integration of last year’s acquisitions in the resilient area of pharmaceutical packaging • Positive volume trend for MM Board & Paper at beginning of 2024, however pressure on margins is continuing. Peter Oswald, MM CEO, comments: “After the record result of the previous year, the MM Group faced a significantly lower demand in the paper and cartonboard industry as well as increasing price pressure in 2023. In addition to destocking in the supply chain, inflation-related changes in consumer behaviour which led to lower consumption of everyday goods and the overall economic slowdown in our European main markets were the main causes.
2023 Fourth Quarter Highlights *Strong performance driven by solid operational results and continued strength in tissue *Natural gas disruption impacted Lewiston mill operations in November *Net income of $18 million, or $1.04 per diluted share and Adjusted EBITDA of $63 million *Net sales of $513 million, down 3% compared to the fourth quarter of 2022 *Reduced net debt by $32 million. 2023 Full Year Highlights *Outstanding year driven by performance improvement in tissue *Net income of $108 million, or $6.30 per diluted share and Adjusted EBITDA of $281 million, up $54 million versus 2022 *Net sales of $2.1 billion, flat compared with 2022, strong tissue demand offset softness in paperboard *Net debt reduction of $89 million, more than $450 million since 2020; completed refinancing of 2014 Notes *Repurchased $18 million of outstanding shares
January–September 2022 (compared to 1–9/2021) *Sales were EUR 1,879.7 million (1,565.6). *The comparable operating result was EUR 420.0 million (295.3), or 22.3% of sales (18.9). Operating result was EUR 436.8 million (285.0). *Comparable earnings per share were EUR 0.90 (0.65), and earnings per share were EUR 0.94 (0.63). *Comparable return on capital employed was 23.0% (19.4). *Net cash flow from operations was EUR 161.7 million (209.8). July–September 2022 (compared to 7–9/2021) *Sales were EUR 647.3 million (516.1). *The comparable operating result was EUR 152.5 million (104.0), or 23.6% (20.1) of sales. Operating result was EUR 153.4 million (99.4). *Comparable earnings per share were EUR 0.33 (0.23), and earnings per share were EUR 0.33 (0.22). *Comparable return on capital employed was 24.7% (19.1). *Net cash flow from operations was EUR 66.4 million (59.1).