Highlights: • For the first quarter 2018, the Company recorded earnings from continuing operations of $0.59 per share (diluted). This was on the upper end of management guidance of $0.55 to $0.60 per share. • Net sales were $1.7 billion, an increase of nearly 8 percent compared to the prior year, due to higher prices and favorable currency translation. Total glass container shipments in the first quarter of 2018 were comparable to the prior year quarter, with low-single-digit gains reported in the Americas. • Earnings from continuing operations before income taxes were $135 million, compared with $73 million in the prior year, driven by solid operational performance and non-recurrence of certain expenses in the prior year. Click Read More below for additional information.
Novolex®, a leader in packaging choice, innovation and sustainability, is introducing food packaging containers that are both recyclable, where facilities exist, and made with a minimum 10% post-consumer recycled (PCR) content.
Manufactured by Novolex brand Waddington® North America (WNA), the new products include various sizes of dessert cups, tamper-evident containers, cake containers and bakery clamshells.
“We are proud to add to our growing number of products manufactured with recycled content,” said Stephen Kapantais, Director of Technology, Rigid Plastics at Novolex. “Sustainability is critical to the future of our industry, and we are committed to creating even more innovative products to reduce our impact on the environment and support the circular economy.”
The newest products made with at least 10% PCR include:
- Signature dessert cups: Designed to enhance dessert presentations, these transparent cups are available in three sizes and come with a universal lid. All are made with polyethylene terephthalate (PET), a strong, lightweight and recyclable plastic.
- CakePak™ bases and lids: These clear containers offer the patented EZ Release™ system that features easy-to-use lift tabs, making the containers simple to open and seal. They offer different bases to fit various cake designs, with customization options available.
- BreakAway™ tamper-evident containers: These clear containers keep food safe and secure with a tamper-evident feature indicating when the top has been removed. They also are stackable and available in various popular sizes and shapes.
- Multi-use clamshells: These clear containers provide optimal product visibility and enhance food presentation. They also feature a secure closure that provides a tight seal to keep food fresh. The clamshells come in a variety of custom shapes and sizes, making them ideal for loaf cakes, cookies and more.