Containerboard production was up 0.7 percent compared to April 2017 and up 0.7 percent year-to-date. The month-over-month average daily production compared to March 2018 was 0.5 percent lower. The containerboard operating rate was 98.3 percent, 2.5 percentage points higher than the same month last year. Production for exports was 3.0 percent lower than April 2017 and 5.8 percent lower year-to-date.
http://afandpa.org/media/news/2018/05/17/american-forest-paper-association-releases-april-2018-containerboard-report
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Net sales for the first quarter were $1.30 billion, an increase of $131.9 million, or 11.2 percent, from last year’s quarter. The improvement reflects an increase in sales added by acquisitions, the positive impact of foreign exchange, higher selling prices implemented to recover rising freight, wages and operating inflation, and modest volume growth. Gross profits were a record $250.6 million in the first quarter, an increase of $27.6 million or 12.4 percent, compared with $223.0 million in the same period in 2017. Gross profit as a percentage of sales increased to 19.2 percent, compared with 19.0 percent in the same period in 2017. The gross profit percentage increase was primarily due to manufacturing and procurement productivity mostly offsetting higher raw material and other operating costs. Click Read More below for additional information.
ECP (Engineered Coated Products) Division of IPG (Intertape Polymer Group), a leading manufacturer of polyolefin products, proudly unveils Claro™ Greenhouse Fabrics, an innovative woven polyethylene fabric designed to revolutionize greenhouse farming. Claro is 100% PVC-free and sets a new standard for longevity, durability, performance, and environmental responsibility in the agricultural industry. Engineered to meet the evolving demands of modern agriculture practices, Claro is woven from highly stabilized clear HDPE tapes and finished with LDPE coating. This unique construction offers a range of HDPE products with varying properties to suit different agricultural needs.
Fourth Quarter Results Include (all results compared to the fourth quarter 2022 unless otherwise noted): *Net income of $67.8 million or $1.16 per diluted Class A share compared to net income of $99.5 million or $1.67 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $90.9 million or $1.56 per diluted Class A share compared to net income, excluding the impact of adjustments, of $109.0 million or $1.83 per diluted Class A share. *Net cash provided by operating activities decreased by $83.1 million to $203.5 million. Adjusted free cash flow(3) decreased by $98.3 million to $136.2 million. Fiscal Year Results Include (all results compared to the fiscal year 2022 unless otherwise noted): *Net income of $359.2 million or $6.15 per diluted Class A share compared to net income of $376.7 million or $6.30 per diluted Class A share. Net income, excluding the impact of adjustments, of $358.7 million or $6.14 per diluted Class A share compared to net income, excluding the impact of adjustments, of $471.2 million or $7.87 per diluted Class A share. *Net cash provided by operating activities decreased by $8.0 million to $649.5 million. Adjusted free cash flow decreased by $25.1 million to $481.2 million.