Caraustar Announces a $50 Per Ton Price Increase on All Uncoated Recycled Paperboard (URB) Grades

The Group's consolidated sales went up to EUR 592.1 million and were thus 1.3 % above the comparative figure of the previous year (1Q 2017: EUR 584.5 million). The slight increase results from both divisions. Operating profit at EUR 57.1 million was 12.8 % or EUR 6.5 million above the previous year’s value (1Q 2017: EUR 50.6 million). A rise at the cartonboard division contrasted with a decline at the packaging division. The Group's operating margin reached 9.6 %, following 8.7 % in the first three months of 2017. Click Read More below for additional information.

Our recent webinar, "Navigating the PPWR Transformation: Plastic Packaging Recyclability and Labeling Impacts", shed light on the evolving landscape of packaging recyclability regulations and their implications. As businesses prepare for the upcoming changes under the Packaging and Packaging Waste Regulation (PPWR), understanding the legislation and timelines is essential for staying ahead. While specific details are still being finalized, the overarching direction is clear, enabling companies to plan and adapt their strategies. We received active participation and various questions during the webinar, which we are addressing in this article in a question-and-answer format.

Third Quarter 2022 Highlights *Third quarter net earnings (loss) attributable to International Paper of $951 million ($2.64 per diluted share) compared with $511 million ($1.38 per diluted share) in the second quarter of 2022 and $864 million ($2.20 per diluted share) in the third quarter of 2021. Third quarter 2022 net earnings include a net after-tax benefit of $563 million ($1.56 per diluted share) related to the settlement of the previously announced timber monetization restructuring tax matter. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *10% year-over-year revenue growth based on strong price realization *$70 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $175 million *Cash provided by operations of $435 million, bringing year-to-date to $1.4 billion *Returned $434 million to shareholders through share repurchases of $269 million and dividends of $165 million, bringing year-to-date to $1.6 billion