Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Crown Holdings trades at $81.71 per share and has stayed right on track with the overall market, losing 11.9% over the last six months while the S&P 500 is down 9.9%. This may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how industrial packaging stocks fared in Q4, starting with Sealed Air (NYSE:SEE).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at industrial packaging stocks, starting with Crown Holdings (NYSE:CCK).
Integrated packaging solutions provider Sealed Air Corporation (NYSE:SEE)
will be reporting results tomorrow before market open. Here’s what you need to know.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how industrial packaging stocks fared in Q4, starting with Graphic Packaging Holding (NYSE:GPK).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the industrial packaging industry, including Silgan Holdings (NYSE:SLGN) and its peers.
Looking back on industrial packaging stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including International Paper (NYSE:IP) and its peers.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the industrial packaging stocks, including Packaging Corporation of America (NYSE:PKG) and its peers.
Looking back on industrial packaging stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Avery Dennison (NYSE:AVY) and its peers.
Shares of metal packaging products manufacturer Crown Holdings (NYSE:CCK)
jumped 8.1% in the pre-market session after the company reported decent fourth quarter results, with EPS exceeding Wall Street estimates and next-quarter guidance coming in well above analysts' expectations. Sales were in line, driven by higher global beverage can volumes and increased North American food can shipments. On the other hand, its EBITDA missed and its full-year EPS guidance was in line with Wall Street's estimates. Regardless, the company's financial position improved as it reduced net debt by $878 million and achieved a record free cash flow of $814 million. Overall, this was a good quarter.
Metal packaging products manufacturer Crown Holdings (NYSE:CCK) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1.6% year on year to $2.90 billion. Its non-GAAP profit of $1.59 per share was 5.3% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Graphic Packaging Holding (NYSE:GPK) and the best and worst performers in the industrial packaging industry.
