Lacerta Launches New Seal N’ Flip™ Packaging

DS Smith will acquire Corrugated Container Corporation (CCC), for an undisclosed amount, to boost its box-making capacity. It will acquire four CCC facilities in North America in Tennessee, North Carolina and two sites in Virginia, which employs more than 190 people. Click Read More below for additional information.

Second Quarter 2020 Summary: *Reported sales and core sales decreased 6% primarily due to the negative effects of COVID-19 on the beauty and beverage markets as well as passing on lower resin costs; negative currency effects were offset by contributions coming from acquisitions *Reported sales growth of 7% and core sales growth of 6% in our Pharma segment was offset by decreases in reported sales and core sales in our Beauty + Home and Food + Beverage segments *Reported net income totaled $42 million (a decrease of 43% compared to the prior year) *Cash flow from operations was $228 million in the first half of 2020 (an increase of 3% compared to the prior year)

2023 Fourth Quarter Highlights *Strong performance driven by solid operational results and continued strength in tissue *Natural gas disruption impacted Lewiston mill operations in November *Net income of $18 million, or $1.04 per diluted share and Adjusted EBITDA of $63 million *Net sales of $513 million, down 3% compared to the fourth quarter of 2022 *Reduced net debt by $32 million. 2023 Full Year Highlights *Outstanding year driven by performance improvement in tissue *Net income of $108 million, or $6.30 per diluted share and Adjusted EBITDA of $281 million, up $54 million versus 2022 *Net sales of $2.1 billion, flat compared with 2022, strong tissue demand offset softness in paperboard *Net debt reduction of $89 million, more than $450 million since 2020; completed refinancing of 2014 Notes *Repurchased $18 million of outstanding shares