AF&PA Releases June 2024 Packaging Papers Monthly Report

Ahlstrom, a leading manufacturer of innovative fiber-based materials, in collaboration with adapa, a leading supplier of flexible packaging solutions, and Maped, a prominent stationery brand, is proud to introduce a groundbreaking flowpack solution for eraser packaging. Ahlstrom’s Cristal™ base papers are an optimum solution for transparent packaging. By partnering with adapa and Maped, the three companies have developed fiber-based window packaging for a popular school supply – erasers.  "This collaboration between Ahlstrom, adapa, and Maped is an example of our shared dedication to sustainability and responsible business practices," said Guillaume Lavoue, Product Manager for Ahlstrom. “By offering a transparent paper alternative, we are empowering companies and consumers to find fiber-based alternatives for traditional plastic or film substrates without sacrificing functionality or aesthetics." 

Second Quarter Highlights: *Non-GAAP: Operating EBITDA of $541 million; Adjusted earnings per share of $1.96 *Returned $187 million to shareholders in the quarter ($155 million via share repurchases and $32 million in dividends) *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges

Packaging Corporation of America reported third quarter 2024 net income of $238 million. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. In the Packaging segment, corrugated products shipments per day were up 11.1% over last year’s third quarter and total shipments, with one additional shipping day, were up 12.9%. Shipments per day were up 5.8% versus the second quarter of 2024 and total shipments, with one less shipping day, were up 4.1%. Containerboard production was 1,293,000 tons, and containerboard inventory was up 25,000 tons from the third quarter of 2023 and down 3,000 tons compared to the second quarter of 2024. In the Paper segment, sales volume was up 4% versus the third quarter of 2023 and up 5% versus the second quarter of 2024. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, “In the Packaging segment, we had great implementation of our previously announced containerboard and corrugated products price increases. Very strong demand throughout the quarter led to all-time quarterly records for containerboard production, total box shipments and shipments per day. We were able to meet this demand, and our customers’ quality and service needs, through the operational benefits of our capital spending program and the continued great focus and execution by our sales, customer service, mill and corrugated products plant employees. Our Paper segment had excellent results with our previously announced price increases implemented as planned, volume above forecasted levels, and well-managed mill operations. Fortunately, none of our facilities were significantly impacted by the two hurricanes during the quarter.”