Consumer Goods Announce Earnings Results and New Products - Research Report on Owens-Illinois, Aptar, Bemis, Clearwater Paper, and Cooper
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NEW YORK, August 1, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Owens-Illinois, Inc. (NYSE: OI), AptarGroup, Inc. (NYSE: ATR), Bemis Company, Inc. (NYSE: BMS), Clearwater Paper Corporation (NYSE: CLW), and Cooper Tire & Rubber Co. (NYSE: CTB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Owens-Illinois, Inc. Research Report
On July 24, 2013, Owens-Illinois, Inc. (Owens-Illinois) reported its Q2 2013 financial results. Revenue increased 0.8% YoY to approximately $1.8 billion. Net income from continuing operations was $135million or $0.81 per diluted share, compared to net income of $134million or $0.81 per diluted share in Q2 2012. Al Stroucken, Chairman and CEO, said, "The Company performed in line with our expectations, notwithstanding weaker than expected demand. We are squarely focused on execution, especially asset optimization and wine share recovery in Europe, as well as labor productivity savings in North America." The Company expects to achieve 2013 free cash flow of at least $300 million and adjusted EPS to be in the range of $2.65 to $2.85.The Full Research Report on Owens-Illinois, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2729_OI]
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AptarGroup, Inc. Research Report
On July 24, 2013, AptarGroup, Inc. (AptarGroup) reported its Q2 2013 financial results. Revenue increased 11.1 % YoY to a record $641.4 million. According to AptarGroup, the recent acquisition of Aptar Stelmi was incremental to its revenue growth, adding 7% YoY to the Company revenue. Net income was $49.8 million or $0.73 per diluted share, compared to net income of approximately $41.7 million or $0.61 per diluted share in Q2 2012. President and CEO, Stephen Hagge, said, "End market diversity continues to be a key strength of our business. Our Pharma segment benefited from increased demand from both the consumer health care and prescription drug markets while our Food + Beverage segment also experienced increased sales to each of its markets." He Continued, "Looking to the third quarter, we anticipate that each of our business segments will grow over the prior year. Even though we expect challenges in several of the markets we serve, the diversity of our product portfolio, geographic presence, customer base and end markets, protect us from exposure to softness in any particular market or region." The Full Research Report on AptarGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a2af_ATR]
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Bemis Company, Inc. Research Report
On July 25, 2013, Bemis Company, Inc. (Bemis) reported its Q2 2013 financial results. Revenue decreased 1.2% YoY to $1.3 billion. Net income was $53.1 million or $0.51 per diluted share, compared to net income of $42.3 million or $0.40 per diluted share in Q2 2012. Henry Theisen, Bemis' President and CEO, said, "This quarter, we closed the last of the nine facilities in our facility consolidation program, achieved our highest gross margin since 2009, and reduced working capital levels. Our focused efforts to improve our long term sales mix and return on invested capital trends have been effective." He added, "We continue to make strategic growth investments in both Latin America and China which we expect to deliver sales growth in our Global Packaging segment beginning in 2014. We achieved double digit growth in adjusted earnings per share this quarter in spite of Brazilian currency headwinds and continued weakness in our European pressure sensitive graphic products market." The Full Research Report on Bemis Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bf79_BMS]
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Clearwater Paper Corporation Research Report
On July 24, 2013, Clearwater Paper Corporation (Clearwater Paper) reported its financial results for Q2 2013. Revenue decreased 0.5% YoY to $471 million. Net income was $11.7 million or $0.52 per diluted share, compared to net income of $21.5 million or $0.91 per diluted share in Q2 2012. President and CEO, Linda Massman, said, "Our focus on internal execution in tissue and strong fundamentals in paperboard drove the quarter's solid progress in EBITDA. Our new TAD tissue facility in Shelby, N.C., continues to ramp up consistent with our expectations. As a result, we continue to anticipate achieving our $300 million adjusted EBITDA target in 2014." The Full Research Report on Clearwater Paper Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/77a1_CLW]
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Cooper Tire & Rubber Co. Research Report
On July 26, 2013, Cooper Tire & Rubber Co. (Cooper) along with Industrias Negromex S.A. de C.V. (INSA), subsidiary of Grupo KUO, announced their initiative to develop and commercialize silica masterbatch (SMB) technology. According to the Companies, they have now successfully applied SMB in high volume material and tire manufacturing. As stated, Cooper has used SMB to manufacture more than 2 million premium passenger tires and derived a number of benefits from the technology including improved mixing productivity and flexibility, the elimination of volatile organic (VOC) emissions associated with the standard silanization process of mixing silica, and improved silica dispersion in tire tread formulation, leading to better traction, wear and rolling resistance performance in tires. As reported, INSA plans to expand the capacity of SMB production and market the product under the brand name "Emulsil Silica Masterbatch" and new production capacity is expected to be available by Q1 2014. The Full Research Report on Cooper Tire & Rubber Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a5c6_CTB]
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