Total Packaging Papers shipments were 235,900 tons, 1.7 percent lower than August 2016. Bag & Sack shipments were up 5.5 percent year-to-date, while Food Wrapping shipments were down 8.5 percent over the same period. The operating rate for August 2017 was 90.3 percent, while the year-to-date rate was 88.8 percent. Inventories were 168,600 tons, down slightly since July.
http://afandpa.org/media/news/2017/09/19/american-forest-paper-association-releases-august-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Second Quarter Highlights (all comparisons made to the March 2020 quarter) *Net sales of $3.4 billion, a 13 percent increase *5 percent organic volume growth *Operating income up 17 percent to $333 million *Operating EBITDA up 9 percent to $590 million *Net income per diluted share up 40 percent to $1.32 *Raising fiscal 2021 operating EBITDA guidance from prior mid-point by $50 million to $2.25 billion *Increasing fiscal 2021 organic volume growth assumption from 4 percent to now 5 percent
Third Quarter Financial Highlights include (all results compared to the third quarter of 2020 unless otherwise noted)(1): *Record net sales of $1,490.8 million, an increase of $407.8 million compared to net sales of $1,083.0 million. *Net income of $113.0 million or $1.89 per diluted Class A share increased compared to net income of $20.7 million or $0.35 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.9 million or $1.93 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $50.1 million or $0.85 per diluted Class A share. *Net cash provided by operating activities decreased by $40.1 million to a source of $94.9 million. Adjusted free cash flow(4) decreased by $42.5 million to a source of $64.1 million. *Total debt decreased by $370.0 million to $2,267.6 million.
Inteplast Group acquired Brown Paper Goods, which is now rebranded as Brown Paper Products (BPP). The paper manufacturer is located in Waukegan, IL, and Coppell, TX, with four locations comprising plants and warehouses. Brown Paper Products will operate under Inteplast Group’s IBS Division.
In 2023, leading sales for Brown Paper Products include pinch bottom bags for various prepared hot and cold foods; sandwich, foil, and sub wraps; self-opening sacks; tin tie bags, butcher and freezer rolls, and more. Group President Dr. John Young welcomed BPP Owner Allen Mons via an internal announcement on Wednesday, April 3. “We are honored and humbled to welcome a great dedicated team led by Allen. Brown’s century-old reputation for service and quality is well-known to the marketplace, and we intend to continue the same legacy under Allen’s leadership. We are also happy to be able to address our customers’ needs as part of an ever-changing and evolving landscape that also mirrors our own drive towards supporting a circular economy as applied to both paper and plastics packaging,” Dr. Young said.