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January 22, 2013
North American Packaging & Paper/Forest Products Analyst Staphos, Latin American Pulp & Paper/Forest Products Analyst Lofiego and European Paper/Forest Products & Packaging Analyst Swaminathan provide an industry update and outlook for 2013 on an Analyst/Industry conference call to be held on January 24 at 9 am.
News For ATR;AVY;BLL;IP;PCL;PKG;RKT;OI;WY From The Last 14 Days
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February 12, 2016
16:34 EDTWY, PCLWeyerhaeuser shareholders approve pending merger with Plum Creek Timber
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16:32 EDTWY, PCLPlum Creek Timber shareholders approve merger with Weyerhaeuser
Plum Creek Timber (PCL) announced that stockholders overwhelmingly approved the proposed merger of Plum Creek and Weyerhaeuser (WY) at a special shareholder meeting held earlier. At the time the merger becomes effective, Plum Creek common stockholders will receive 1.60 Weyerhaeuser common shares for each share of Plum Creek common stock. At the special meeting, 122,615,534 shares were voted "FOR" the proposal to adopt the merger agreement with Weyerhaeuser, representing approximately 70% of the total shares outstanding as of the record date and approximately 99% of the shares voted on the matter. The company will file with the SEC a report on Form 8-K disclosing the final tabulation of the votes. Plum Creek and Weyerhaeuser have coordinated the quarterly dividend plan in accordance with the merger agreement so that no holder of either company will receive two dividends or fail to receive one dividend in the first quarter. The merger is expected to become effective so Plum Creek stockholders will become Weyerhaeuser shareholders of record in time to receive the upcoming Weyerhaeuser cash dividend. This dividend is payable on March 18 to shareholders of record of Weyerhaeuser common shares at the close of business on March 8.
February 8, 2016
16:35 EDTOIOwens-Illinois sees FY16 adjusted EPS $2.10-$2.25, consensus $2.27
Sees FY16 free cash flow $280M. "We expect that trends in the majority of our end markets will remain stable in 2016 and O-I will increasingly benefit from our growing exposure to U.S. beer imports and the Mexican domestic market. While we recognize continued external uncertainties, such as economic conditions in Brazil and price dynamics in Europe, we are pressing hard on key initiatives that will increase profitability in 2016, including maximizing the value of the acquired business, improving our end-to-end supply chain performance, and reducing costs through increasing organizational effectiveness and spending discipline," remarked the company.
16:34 EDTOIOwens-Illinois reports Q4 adjusted EPS 40c, consensus 40c
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February 5, 2016
10:05 EDTPCL, WYPlum Creek Timber to host special shareholder meeting
Special Shareholder Meeting to vote on the merger with Weyerhaeuser Company will be held in Seattle, Washington on February 12 at 1 pm.
10:01 EDTWY, PCLWeyerhaeuser to hold a special shareholder meeting
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05:44 EDTWYWeyerhaeuser sees Q1 Timberlands
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05:37 EDTWYWeyerhaeuser reports Q4 EPS ex-items 24c, consensus 24c
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February 4, 2016
18:22 EDTATRAptarGroup sees Q1 EPS 69c-74c, consensus 74c
18:21 EDTATRAptarGroup reports Q4 adjusted EPS 67c, consensus 65c
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14:35 EDTWYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Estee Lauder (EL), consensus $1.11... CME Group (CME), consensus 90c... Tyson Foods (TSN), consensus 89c... Weyerhaeuser (WY), consensus 24c.
11:11 EDTIPInternational Paper management to meet with Jefferies
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February 3, 2016
12:24 EDTAVYOn The Fly: Top stock stories at midday
Stocks on Wall Street began the day in positive territory thanks in part to higher oil prices, dovish comments from NY Fed Governor Bill Dudley and a positive jobs report from ADP. The early gains were short lived, as the market saw its highest prices at the open and then drifted lower, gaining downside momentum after two reports on the services sector both pointed to a deceleration. After the Dow lost more than 100 points, the market found a level and bounced back, leaving the averages lower but off their worst levels near noon. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 6% after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's Chairman, said the company's board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders, though the acknowledgment that the company will "engage on qualified strategic proposals" did little to boost its shares this morning... Chipotle Mexican Grill (CMG) fell 4% after reporting lower than expected revenue and stating that its same-store sales had plunged more than 14% last quarter. Additionally, the burrito chain disclosed that it was served with a subpoena broadening the scope of the previously-announced criminal investigation that was limited to a single Chipotle restaurant in California. As Chipotle shares continue to get punished over the company's food safety issues, another stock was hit today by a similar fear, as Buffalo Wild Wings (BWLD) slid 6% after one of its locations was named as a suspected source of new cases of people suffering from norovirus-like symptoms in suburban Kansas City. However, the company said there "is no conclusive link to [its] restaurant being the source of the illness" and that the location reopened on Wednesday after a consultation with the health department... Merck (MRK) was one of the worst performers on the Dow, sliding nearly 3% after its earnings narrowly topped expectations but its guidance for the new fiscal year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 4% following its report, while General Motors (GM) slid 4%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied more than 8% after it announced a restructuring plan that involves reducing its workforce by roughly 10%. Also higher were Energizer (ENR), Spectra Energy (SE), and Avery Dennison (AVY), which gained 15%, 7%, and 7%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Lowe's (LOW), which fell 7% after it agreed to acquire Canada's RONA in a deal valued at $2.3B. Also lower were Mondelez (MDLZ), Match Group (MTCH), and MPLX (MPLX), which were down 7%, 14%, and 19%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 13.22, or 0.08%, to 16,140.32, the Nasdaq was down 48.09, or 1.06%, to 4,468.85, and the S&P 500 was down 11.42, or 0.6%, to 1,891.61.
07:01 EDTIPInternational Paper reports Q4 operating EPS 87c, consensus 82c
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06:51 EDTAVYAvery Dennison realized $71M in pre-tax savings from restructuring in 2015
In 2015, the company realized approximately $71 million in pre-tax savings from restructuring, net of transition costs, and incurred pre-tax restructuring charges of $59 million, $53 million of which represented cash charges.
06:50 EDTAVYAvery Dennison reports Q4 Pressure-sensitive Materials sales up 7%
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06:49 EDTAVYAvery Dennison sees FY16 adjusted EPS $3.65-$3.85, consensus $3.70
06:49 EDTAVYAvery Dennison reports Q4 adjusted EPS 85c, consensus 78c
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February 2, 2016
14:32 EDTIPNotable companies reporting before tomorrow's open
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08:14 EDTIPInternational Paper volatility elevated into Q4 and outlook
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