Highlights - Nine Months Ended March 31, 2022 • Net sales of $10,635 million, up 13%; • GAAP Net Income of $696 million, up 2%; GAAP earnings per share (EPS) of 45.6 cents per share, up 4%; • Increasing returns to shareholders: quarterly dividend increased to 12.0 cents per share; $600 million ofshare repurchases expected in fiscal 2022; RoAFE increased to 16%; and • Fiscal 2022 outlook for adjusted EPS growth raised to 9.5-11% on a comparable constant currency basis(previously 7-11%). Adjusted Free Cash Flow of approximately $1.1 billion.
Eco-Products® announced today the addition of seven new items to its Vanguard™ lineup. Made from plant-based sugarcane fiber and certified as compostable, these two-piece compostable take-out containers are perfect for restaurants, supermarkets, convenience stores and snack bars seeking environmentally preferable options.
Vanguard is an award-winning line that uses a proprietary chemistry to achieve grease resistance without the use of PFAS. Vanguard recently earned the coveted GreenScreen Certified™ Silver designation for avoiding the use of PFAS and other chemicals of high concern or known regrettable substitutes.
Eco-Products is now expanding its Vanguard formulation to other products, including its popular WorldView™ line of to-go containers.
The WorldView line includes a variety of bowls and containers in different sizes. Shapes include round, oval, square and rectangle, including some with compartments. They’re microwavable and freezable, and their molded construction is designed for strength and style.
The new bases are made from renewable sugarcane fiber and are certified by the Biodegradable Products Institute (BPI) as compostable in commercial facilities.
“We are excited to expand the Vanguard formulation to our WorldView items,” said Ian Jacobson, President at Eco-Products. “Demand for to-go containers skyrocketed over the past year, so this is a much-needed expansion. It offers more choices for our customers and demonstrates our continued leadership and innovation in foodservice packaging.”
Eco-Products offers three types of lids to fit the compostable bases:
*at are also ASTM D6868 compliant for compostability;
*PLA lids that are BPI-certified and made from renewable plant-based material;
*Lids made with 100% post-consumer recycled PET but are not compostable or recyclable.
GreenScreen is a globally recognized tool designed to assess and benchmark chemicals based on hazard. Companies, governments and organizations use GreenScreen scores to identify chemicals of concern and select safer alternatives. Eco-Products is the first manufacturer to receive this designation in the foodservice ware category.