Winpak Ltd., $44.25, symbol WPK on Toronto (Shares outstanding: 65.0 million; Market cap: $2.9 billion; www.winpak.com), makes and distributes packaging machines and materials. Its products are mainly used for perishable foods, beverages and in health care applications.
The U.S. is Winpak’s largest market, accounting for 81% of its revenue. Canada supplies 12%, and the rest of world accounts for the remaining 7%.
In the three months ended September 27, 2015, the company’s revenue rose 0.4%, to $193.7 million from $193.0 million a year earlier (all figures except share price and market cap in U.S. dollars).
New contracts from U.S. meat and cheese producers increased WinPak’s volumes by 6.4% in the latest quarter. However, the company typically links its selling prices to the cost of raw materials, including plastic resins made from oil. As a result, it had to cut its prices to reflect the lower cost of resin.
Earnings gained 14.7%, to $22.3 million, or $0.34 a share, from $19.4 million, or $0.30. Favourable…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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