Paper Distributor & Packaging Supplier
After more than 100 years in business, Midland has grown from a single Midwest location to a national paper & packaging company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
We bring the best products the best people and the best service to all of our customers in all of our business segments. Play the video to see how we do it.
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Recent Paperclips Industry News
02May 24
U.S. Consumer Time Spent With Media Fell For First Time In 2023 (mediapost.com)
The good news -- or bad news, depending on how you look at it -- is that consumer time spent with media continues to expand. The really bad news for the ad industry is that ad-supported media's share continues to decline, in both the U.S. and worldwide. Those are among the findings in the 2024 edition of an annual Global Consumer Media Usage Forecast released this morning by PQ Media. While total weekly time spent with media actually declined 0.4% to 76.69 hours in the U.S., and inched up only 0.3% to 56.15 hours worldwide, PQ forecasts it will rebound again this year and continue expanding for the foreseeable future.
02May 24
SEE Reports Q1 2024 Results
Net sales of $1.33 billion decreased 1% as reported, with EMEA decreasing 6%, APAC decreasing 3% and the Americas up less than 1%. Net earnings were $83 million, or $0.57 per diluted share, as compared to net earnings of $63 million, or $0.44 per diluted share. The current year results were impacted by $29 million of Special Items expense, including $22 million of restructuring and other associated costs related to the cost take-out to grow program ("CTO2Grow Program"). The prior year results were impacted by $44 million of Special Items expense, $30 million of which related to the Liquibox acquisition. Income tax expense was $36 million, resulting in an effective tax rate of 30.0% in the quarter. This compares to an income tax expense of $34 million in the prior year period, or an effective tax rate of 35.0%. The lower effective tax rate is primarily driven by lower accruals for uncertain tax positions in the current year.
02May 24
Smurfit Kappa First Quarter 2024 Trading Update
Key Points: *Revenue of €2.7 billion *EBITDA of €487 million with an EBITDA margin of 18.0% *Continuing corrugated box volume growth as anticipated *Highly successful bond offering of US$2.75 billion *Smurfit WestRock integration planning progressing well