Industry Publishes Updated Voluntary Standard for Recycling Cardboard

Highlights: Q2 Net Sales were $1,094.7 million versus $1,103.2 million in the prior year period. Q2 Net Tons Sold were 733.9 thousand tons versus 721.9 thousand tons in the prior year period. Q2 Earnings per Diluted Share were $0.14 versus $0.24 in the prior year period. Q2 Adjusted Earnings per Diluted Share were $0.15 versus $0.19 in the prior year period. Q2 Net Income was $42.0 million versus $77.8 million in the prior year period. Q2 Adjusted EBITDA was $170.6 million versus $195.2 million in the prior year period. Returned $42.8 million to stockholders in Q2 through dividends and share repurchases. Click Read More below for additional details.

Fruit and vegetables are the centerpiece of today’s grocery stores and often the first department that customers experience when walking in the door. Visually appealing produce signals quality and freshness, and for brand owners and retailers, it is critical that fruits and vegetables arrive undamaged. With fruit and vegetable loss already as much as 50% throughout the value chain, strong packaging can play a role at minimizing this by preventing damage to fresh produce. Producers and sellers have high expectations for packaging reliability and at the same time seek to balance this with increasingly ambitious sustainability measures. This includes combating food waste and reducing their packaging’s environmental impact. In the fruits and vegetables category, retailers and brand owners are commonly presented with a choice between recyclable corrugated containerboard packaging and reusable plastic crates. Both offer protection, but how can they know which is the most sustainable choice? To help our customers better understand the options and their potential environmental impacts, we recently conducted a Life Cycle Assessment (LCA) comparing corrugated containerboard box to a reusable plastic crate for transporting fresh produce.

Sonoco has been awarded several Gold- and Silver-level Achievement Awards at the Flexible Packaging Association (FPA) Annual Meeting. Sonoco’s PrimaPak® package for Perfetti Van Melle Mentos® SHARE-A-BOWL™ was awarded a Gold Award for Packaging Excellence, a Silver Award for Expanding the Use of Flexible Packaging and a Silver Award for Technical Innovation. Sonoco’s PromoPeel™ integrated label technology for flexible packaging was awarded a Silver Award for Printing and Shelf Impact. “We’re so proud of these achievements – it’s an honor to be recognized by our peers,” said Ross Bushnell, division vice president and general manager, Sonoco Global Flexibles. “As a company, we value brand and consumer insights as the engine for innovation. Each of these new technologies represents unmet needs in the marketplace, delivering added value to both customers and consumers, and that’s a powerful combination.” Click Read More below for additional information.