Analyst Opinion on Owens-Illinois Inc. and Packaging Corp. of America - Packaging and Containers Mixed in the Third Quarter
November 08 2012 - 8:00AM
Marketwired
The packaging and containers industry, within which Owens-Illinois
Inc. and Packaging Corp. of America operate, faced certain
headwinds in the third quarter. However, some bright spots remain.
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The recessionary situation in Europe continues to constitute a
major challenge for many in the industry as demand and volumes in
the region declined. For companies with global operations, like
Owens-Illinois, a strong dollar and subsequent unfavorable foreign
currency translation also ate into revenue this quarter. Analyst
opinion on Owens-Illinois Inc. accessible for free at
http://www.wallstreetactive.com/OI08November12.pdf
Many saw their expenses increase due to higher labor and benefit
costs, as well as rises in manufacturing and delivery expenses. See
what our analysts have to say on Packaging Corp. of America. Follow
the Link below
http://www.wallstreetactive.com/PKG08November12.pdf
Nevertheless, some industry players were successful in fueling
volume growth outside of Europe and improved pricing and favorable
product mix went some way to offsetting currency exchange
headwinds.
Furthermore, improved efficiency, minimized energy, recycled
fiber and chemical costs helped some companies to contain rising
costs. Others seem to be focusing on acquisitions as a way into new
geographies and markets. While the potential for growth via
strategic acquisitions is huge, concerns remain regarding the
highly leveraged state which can ensue.
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