Basic Materials Sector

Paper & Paper Products Industry  

Data by Company within Paper & Paper Products Industry

  Marketcap Revenues (TTM) Net Income (TTM) Employees
Company (Millions) (Millions) (Millions) Number
Kimberly clark Corporation $ 42,203 $ 20,346 $ 1,646 45,000
Avery Dennison Corporation $ 15,063 $ 8,951 $ 760 36,000
International Paper Company $ 12,034 $ 20,282 $ 1,040 31,000
Veritiv Corporation $ 2,316 $ 6,435 $ 720 8,800
Sylvamo Corporation $ 1,888 $ 3,653 $ 297 6
Resolute Forest Products Inc $ 1,719 $ 3,811 $ 426 8,000
Mativ Holdings Inc $ 823 $ 1,595 $ -32 -
Verso Corporation $ 783 $ 1,278 $ -3 5,200
Clearwater Paper Corporation $ 600 $ 2,116 $ 172 3,300
Neenah Inc $ 575 $ 1,086 $ -28 2,340
Mercer International Inc $ 562 $ 2,168 $ -42 1,486
Ranpak Holdings Corp $ 443 $ 320 $ -31 -
Rayonier Advanced Materials Inc $ 206 $ 1,818 $ 18 1,200
Glatfelter Corporation $ 91 $ 1,582 $ -250 4,375
It Tech Packaging Inc $ 4 $ 103 $ -18 -
Sugarmade Inc $ 1 $ 4 $ -8 21
Suzano S a - $ 7,783 $ 1,641 -
Suzano S a - $ 9,468 $ 4,445 -
Domtar Corporation - $ 5,456 $ 209 -
Paper & Paper Products Industry $ 79,310 $ 98,254 $ 10,962 146,728
  Recent News from Paper & Paper Products Industry
Avery Dennison Corporation

Avery Dennison Corporation Experiences Unexpected Profit Decline in Q2 2023: What's Behind the Paper & Paper Products Giant's Unforeseen Struggle?

Avery Dennison Corporation, a prominent player in the paper and paper products industry, recently released its financial report for the second quarter of 2023. Unfortunately, the company witnessed a decline in both its top and bottom-line figures, painting a rather bleak picture for its investors. Let's delve into the details and explore some interesting facts from this latest report.
Reduced Earnings and Revenue:
Avery Dennison Corporation experienced a significant drop of -52.49% in income per share compared to the previous year, reaching $1.24 in the fiscal period ending July 01, 2023, compared to $2.61 in 2022. Moreover, the company's revenue decreased by -10.914%, amounting to $2.09 billion, as compared to $2.35 billion in the prior year.

It Tech Packaging Inc

Revitalizing Success: IT Tech Packaging Inc. Reshapes the Paper & Paper Products Industry with a Bigger Second Quarter Deficit in 2023

IT Tech Packaging Inc, a leading company in the Paper and Paper Products industry, has reported mixed results for the second quarter of 2023. While losses have expanded to $-0.12 per share compared to $0.00 a year ago, the company's EPS has shown improvement, increasing from $-0.27 per share in the preceding financial period.
The company's revenue for the second quarter has displayed a depreciation of -5.565%, amounting to $30.02 million, compared to $31.79 million in the same period last year. However, there has been a significant sequential increase in revenue of 51.686% from $19.79 million.

Mativ Holdings Inc

Mativ Holdings Inc's Q2 2023 Earnings Reveal Positive Outlook Despite $6.60 Million Tax Charge

Mativ Holdings Inc Reports Strong Q2 2023 Earnings, Expects Future Growth
Investors have received positive news from Mativ Holdings Inc as the company recently released its financial results for the second quarter of 2023. The earnings report indicates both significant losses and improvements in key financial metrics when compared to the same period last year.
Mativ Holdings Inc's losses for Q2 2023 expanded to $-0.08 per share, a decline compared to the earnings of $0.36 per share reported a year earlier. However, there was an improvement in income per share, which increased from $-0.14 in the preceding financial reporting period.

Rayonier Advanced Materials Inc

A Gradual Decline in Revenue Signals Potential Turnaround for Rayonier Advanced Materials Inc. in the May to July 01, 2023 Three Months

/>Rayonier Advanced Materials Inc. (RYAM) recently revealed its financial results for the May to July 01, 2023 timeframe, reflecting some positive developments amid challenging market conditions. Although the company experienced a loss in per share value, several crucial factors suggest a potential turnaround. This article will delve into RYAM's financial performance and discuss how these results impact the company's outlook.
Improving Financial Metrics:
Despite a loss in earnings per share, Rayonier Advanced Materials Inc. demonstrated a notable improvement compared to the previous year. In the May to July 01, 2023 period, RYAM reported a loss of $0.26 per share, a significant improvement from the loss of $0.36 per share the prior year. Moreover, the income per share fell slightly from $0.02 to $0.01 per share compared to the preceding reporting season.

Sylvamo Corporation

Sylvamo Corporation Turns Profitable Despite Decreased Revenue in Q2 2023

Sylvamo Corporation, a leading player in the Paper and Paper Products industry, recently released its financial results for the second quarter of 2023 earnings season. While the company saw a decline in revenue compared to the previous year, it managed to turn profitable. This article will explore the implications of these results and analyze how they may impact Sylvamo Corporation going forward.
Positive EPS and Profitability:
Despite a decline in revenue by -1.076% to $919.00 million compared to the previous year, Sylvamo Corporation achieved an EPS of $1.14 in the second quarter of 2023. This marked a significant improvement from the previous reporting season, where profit plummeted from $2.25 per share. The company's cost management strategies appear to have paid off, leading to profitability even with lower sales.

Veritiv Corporation

Leading Packaging Provider, Veritiv Corporation, Suffers Significant Drop in Q2 2023 Revenue: Loses Ground with 19.959% Decrease!

Veritiv Corporation, a leading provider of packaging and logistics solutions, has reported a drop in both revenue and income for the financial quarter ending June 30, 2023. The company's income fell by approximately 15.85% to $5.15 per share, while revenue decreased by 19.959% compared to the same period last year. Revenue stood at $1.46 billion, down from $1.82 billion in the corresponding three months in 2022.
These figures indicate a downward trend compared to the previous quarter, where income saw a 3% improvement from $5.00 per share. However, revenue declined by 3.503% from $1.51 billion. Additionally, net earnings in the most recent fiscal period dropped by 21.17% to $167.2 million compared to $212.1 million in the same period last year.

Mercer International Inc

MERC's Q2 2023 Slump: Declining Demand Triggers Revenue Regression and Increased Loss

Mercer International Inc, a global leader in the pulp and paper industry, recently published their financial results for the April to June 30, 2023 period. Unfortunately, the numbers presented a challenging picture for the company as lower demand in the industry led to fading revenue and higher losses. This article will delve into the financial figures and provide context to understand the current position of Mercer International Inc.
Revenue Decline and Increased Losses:
During the April to June 30, 2023 financial period, Mercer International Inc reported a worrying loss per share of $-1.48. This figure represents a significant drop from the previous quarter when the company posted a loss per share of $-0.46. Moreover, in the corresponding quarter of the previous year, Mercer International Inc achieved earnings of $71.372 million, highlighting the substantial decline experienced by the company.

Domtar Corporation

Domtar Corporation Astounds with a Staggering 115.711% Revenue Leap in Recent Fiscal Quarter Amidst Industry Challenges

The financial results of Domtar Corporation in the second quarter of 2023 revealed a mixed performance for the company. While a significant surge in revenue was observed, the company reported a net shortfall and a remarkable increase in inventories. As we analyze these facts, it is worth wondering how these results may impact the company's future prospects.
1. Zero Gain per Share:
Domtar Corporation recorded zero gain per share in the second quarter of 2023, compared to $0.34 per share in the corresponding quarter of the previous year. Moreover, there was no improvement in this metric from the previous reporting season. This lackluster performance may raise concerns about the company's profitability and shareholder value going forward.

Glatfelter Corporation

Glatfelter Corporation Reports Declining Returns Amidst Dwindling Orders in Q2 2023

Declining Orders Lead to Diminishing Returns for Glatfelter Corporation in Q2 2023
Glatfelter Corporation, a leading global supplier of specialty papers and engineered materials, recently reported declining orders in the financial second quarter of 2023, resulting in diminishing returns. The company's revenue sank by -2.151% to $356.13 million, reflecting a challenging period for the company. Additionally, Glatfelter's shortfall per share was at $-0.83, a significant increase from $-0.04 per share during the same reporting period a year ago.
Compared to the prior reporting period, Glatfelter's shortfall grew from $-0.30 per share, indicating a further decline in profitability. Moreover, revenue witnessed a significant decrease of -5.837% from $378.21 million, presenting a considerable challenge for the company to maintain its financial stability.

Ranpak Holdings Corp

Ranpak Holdings Corp Reports Encouraging Earnings Amid Sluggish Q2 2023 Revenue

Financial News Report:
Ranpak Holdings Corp Reports Positive Earnings for Q2 2023
For the second quarter of 2023, packaging solutions provider Ranpak Holdings Corp (NYSE: PACK) reported positive financial results, indicating improvements compared to the previous year. The company decreased its loss per share to $-0.03 per share, a significant improvement from $-0.14 per share a year ago. Moreover, earnings per share showed a positive trend, improving from $-0.15 per share in the prior reporting season.
However, the revenue for the quarter experienced a decline of 5.645%, amounting to $81.90 million compared to $86.80 million during the same period last year. Sequentially, revenue increased by 0.862% from $81.20 million. Despite the decrease in revenue, the company managed to significantly reduce its net shortfall to $-2.100 million compared to a deficit of $-11.300 million during the same reporting season a year ago.


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