The company reported net sales of $426.5 million for the third quarter of 2017, down 2.0% compared to net sales of $435.3 million for the third quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the third quarter of 2017 were $0.9 million, or $0.05 per diluted share, comparable to net earnings for the third quarter of 2016 of $0.9 million, or $0.05 per diluted share, as a $2.4 million tax benefit from Federal tax credits in the third quarter of 2017 more than offset a pre-tax loss of $2.2 million for the quarter. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, third quarter 2017 adjusted net earnings were $5.3 million, or $0.32 per diluted share, compared to third quarter 2016 adjusted net earnings of $2.4 million, or $0.14 per diluted share. Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $31.3 million for the third quarter of 2017 compared to $32.0 million for the third quarter of 2016. Adjusted EBITDA for the quarter was $37.6 million, up 9.7% compared to third quarter 2016 Adjusted EBITDA of $34.3 million. Click Read More below for additional information.
Evergreen Packaging, with support from KidsGardening, today announced the launch of the spring 2018 Carton 2 Garden contest, the nationwide competition that invites students of all ages to repurpose milk and juice cartons in school gardens that teach math, science, arts, environment and sustainability. Now in its fourth year, the Carton 2 Garden contest underscores Evergreen Packaging’s commitment to championing sustainability, STEM-learning and healthy living.
“The Carton 2 Garden contest gives thousands of students across the country the opportunity to not only learn more about gardening, but also teamwork, nutrition, sustainable practices and environmental stewardship,” said Katie Simmons, marketing manager at Evergreen Packaging. “We are thrilled to once again partner with KidsGardening, the leaders in the school garden movement, to equip contest entrants with educational materials that instill these important lessons and life skills. Each year the gardens grow more inventive, and we look forward to seeing the innovations that will be created for this year’s contest.”
Schools can compete to win one of several prize packages by repurposing 100 or more empty milk and juice cartons in their existing school gardens or by creating novel school gardens. There are no registration fees to enter the contest. Each garden will be judged for its creativity and incorporation of sustainable practices. Contest categories and prizes include:
•Grand prize ($5,000)
•STEM learning specialty prize ($2,500)
•Sustainability specialty prize ($2,500)
•Health & Nutrition specialty prize ($2,500)
•Top elementary school garden, five total ($1,000 each)
•Top middle or high school garden, five total ($1,000 each)
“The Carton 2 Garden contest helps students unlock their creativity and engage their curiosity in a collaborative, team-based environment,” says KidsGardening Executive Director Emily Shipman. “As students engage with gardening and nature, they develop STEM-based skills and learn about nutrition and sustainable practices. We’re grateful for our continued partnership with Evergreen Packaging to bring these important learning opportunities to students across the country.”
The Carton 2 Garden contest encourages eco-aware consumers to seek sustainable packaging choices like cartons, which are made from a renewable resource. Evergreen Packaging’s FreshHouse™ cartons are recyclable and are more than 70 percent paper, which comes from trees from forests where responsible forestry practices are used and overall growth exceeds harvest. Evergreen Packaging is committed to creating innovative, sustainable packaging solutions for the food and beverage industries. Earlier this year, the company debuted RenewablePlus cartons, which feature sugarcane-based polyethylene and are fully renewable.
more detail at: http://evergreenpackaging.com/fresh-news/evergreen-packaging-launches-fourth-annual-carton-2-garden-contest/