American Forest & Paper Association Releases April 2018 Boxboard Report

Colbert Packaging, the leading Midwest independently-owned paperboard packaging manufacturer is proud to announce its certification as a Women’s Business Enterprise (WBE) through the Women’s Business Enterprise National Council (WBENC), the…

Amcor’s CEO Mr Ron Delia said: “Amcor’s strong full-year results reflect the progress we have made on our strategic investments and the benefits of our broad mix of geographic exposures. Underlying PBIT and EPS grew 9 and 10 percent respectively on sales growth of 4 percent for the year, and cash flow was at the high end of our expectations. “Balanced earnings growth from a variety of sources again demonstrated the resilience of Amcor’s business and management teams. Earnings were up strongly in both the Flexibles and Rigid Plastics segments, driven by organic growth and acquisitions. Across developed markets, earnings grew at rates which exceeded overall market growth. In emerging markets, we delivered increased earnings in the face of difficult conditions in several countries. Click Read More below for additional detail.

Fourth quarter net sales of $1.3 billion increased 3% as reported. Fourth quarter 2020 net earnings were $138 million, or $0.88 per diluted share, which were unfavorably impacted by Special Items of $2 million, after tax. Full year 2020 net sales of $4.9 billion increased 2% as reported. Currency had a negative impact on total net sales of $82 million or 2%. Full year 2020 net earnings were $484 million, or $3.10 per diluted share, which were unfavorably impacted by Special Items of $14 million, after tax.