Containerboard production was 2.0 percent higher compared to August 2016. The month-over-month average daily production compared to July 2017 was 1.0 percent lower. The containerboard operating rate for August decreased from 97.9 percent to 96.9 percent, which was 0.8 percentage points higher compared to August of last year. Year-to-date production of containerboard for export is up 4.4 percent.
http://afandpa.org/media/news/2017/09/19/american-forest-paper-association-releases-august-2017-containerboard-report
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Consolidated net sales of $868 million in the third quarter of 2017 were $92 million, or 12 percent higher than the 2016 third quarter. This increase was due to $57 million of higher prices and a more favorable product mix, and higher volume in the paper and packaging segment. Net sales in the distribution segment increased $8 million due to higher prices partially offset by lower volume. The Company's average mill selling price of $698 per ton in the third quarter of 2017 increased by $72 per ton, or nearly 12 percent, compared to the third quarter of 2016 due to higher domestic and export containerboard prices, and higher kraft paper prices. Net income of $30 million for the 2017 third quarter was $1 million lower than the 2016 third quarter. Click Read More below for additional information.
Eco-Products® announced the addition of seven new items to its Vanguard™ lineup. Made from plant-based sugarcane fiber and certified as compostable, these two-piece compostable take-out containers are perfect for restaurants, supermarkets, convenience stores and snack bars seeking environmentally preferable options. Vanguard is an award-winning line that uses a proprietary chemistry to achieve grease resistance without the use of PFAS. Vanguard recently earned the coveted GreenScreen Certified™ Silver designation for avoiding the use of PFAS and other chemicals of high concern or known regrettable substitutes. Eco-Products is now expanding its Vanguard formulation to other products, including its popular WorldView™ line of to-go containers.
2021 Annual Highlights (comparative figures have been restated to reflect discontinued operations2) Sales of $3,956 million (compared with $4,105 million in 2020) As reported (including specific items) Operating income of $50 million (compared with $292 million in 2020) Operating income before depreciation and amortization (OIBD) of $302 million (compared with $543 million in 2020) Net earnings per common share of $1.60 (compared with $2.04 in 2020) Net earnings per common share of $0.26 (compared with $1.95 in 2020) Net debt1 of $1,351 million as at December 31, 2021 (compared with $1,760 million as at September 30, 2021). Net debt to adjusted OIBD ratio1 of 3.5x down from 3.8x as at September 30, 2021.