See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Ardagh Metal Packaging S.A. Q3 2026 Earnings Call Summary
- Sonoco Reports Third Quarter 2026 Results
Sonoco's third-quarter net sales were $2.0 billion, down 4.2% year over year mainly due to the ThermoSafe divestiture, and essentially flat excluding divestitures. The company reported a GAAP net loss of $732 million, or $7.36 per diluted share, driven by an $829 million non-cash goodwill impairment, while adjusted net income was $167 million ($1.67 per share) versus $191 million a year earlier. Operating cash flow was $285 million, and total debt fell $162 million after the company refinanced an $800 million term loan. CEO Howard Coker cited drought in Europe and the U.S. and higher inflation costs, while Industrial Paper Packaging posted URB trade ton sales up 10% and 94% mill utilization. Consumer Packaging volume/mix fell 3% on adverse weather and unfavorable price/cost dynamics.
- Silgan And American Industrial To Buy Trivium Packaging In $3 . 4bn Deal
Silgan Holdings and private equity firm American Industrial Partners agreed to buy Trivium Packaging for $3.4 billion (€3.03 billion) to expand Silgan's footprint in Europe. Netherlands-based Trivium, currently owned by Ontario Teachers' Pension Plan and Ardagh Group, will be combined with Silgan's metal businesses into a global metal packaging business valued at $7.3 billion. American Industrial Partners will invest about $1 billion for a 40% stake, while Silgan keeps 60% and receives about $2.3 billion in cash proceeds; the deal is expected to close in mid-2027. Higher raw material costs have squeezed packaging margins, and Silgan shares, down about 6% year to date, rose about 9% in afternoon trading.
- Why International Paper Rallied Today
International Paper (NYSE:IP) shares rose 7.6% on reports that two private equity firms may bid for its European business, formerly DS Smith, after the stock had fallen roughly 20% year-to-date. The Financial Times reported the total sale could be under $6 billion, a 40% discount to the $9.9 billion International Paper paid in 2024. Even at that loss, a sale would ease the company's roughly $8.5 billion in net debt and remove a segment with steady operating losses. The article notes, however, that the North American business is still struggling, with revenue down 4.5% and operating income down 26.4% last quarter, so the rebound could prove a one-off unless conditions improve.
- Aon plc Q3 2026 Earnings Call Summary
- Johnson Controls International plc Q4 2026 Earnings Call Summary
Related markets
Latest news
- Amazon's mixed Q3 earnings raises some questions
Amazon's AWS grew 39% in the third quarter, slightly above the roughly 38% consensus, but the speaker said the beat was not large enough after stronger cloud acceleration reported by Microsoft and Google. Overall revenue missed estimates, mainly due to retail, which includes advertising. Amazon kept its full-year CapX outlook at $220 billion, while third-quarter capex came in well above estimates, implying a sizable step-down in the fourth quarter. The speaker sees the capex cycle rising but very lumpy, with some quarters potentially reaching $80 billion and others around $40 billion.
- Breaking Down Amazon's Third-Quarter Earnings
Amazon spent more than $77 billion on property and equipment in the third quarter, well above analyst estimates, and still expects full-year cash capex of $220 billion. AWS growth of 39% matched consensus, and the company's expected growth of 40% over the next two years was seen as impressive. Retail was soft as the Prime Day shift from Q2 to Q3 cut about 400 basis points from top-line growth, while North American operating margin rose to 7.7% versus an expected 6%. Commentators attributed the margin gain largely to advertising, which they see as still in its early innings, though generative AI shopping could change where ads are placed.
- AWS Jumps 39% as Amazon's Cash Flow Sinks: Rapid Earnings Reaction
Amazon's AWS revenue grew 39% in the third quarter, its fastest pace in nearly five years, and the unit posted its highest operating margin ever, yet shares fell about 6% in early after-hours trading. Net sales rose 12% to $201.9 billion and operating income climbed to $28.1 billion from $17.4 billion, with AWS earning about 63% of operating profit. Trailing 12-month free cash flow turned to an outflow of $42.4 billion from a $14.8 billion inflow a year earlier, as long-term debt nearly tripled since December to about $173 billion. Amazon kept its plan to spend about $220 billion on capital projects this year, and advertising growth of 12% is expected to reach the high teens in the fourth quarter.
- Amazon shares fall as weaker Q4 outlook offsets 39% AWS growth
Amazon shares fell around 6% on Thursday evening as fourth-quarter guidance came in below expectations, despite strong growth at AWS. Third-quarter revenue reached $201.9 billion, up 12% year over year but slightly below the $202.3 billion analyst estimate, and earnings per share of $1.89 missed the $1.96 consensus. AWS sales rose 39% to $46 billion, its fastest pace in nearly five years, with operating income of $17.8 billion. The company forecast fourth-quarter revenue of $240 billion to $247 billion, below the $244.5 billion consensus at the midpoint, while advertising revenue of $19.6 billion missed estimates. Capital expenditure hit $77.3 billion against estimates of $57.5 billion, pushing trailing 12-month free cash flow to negative $42.4 billion, and net income included a $9.5 billion pre-tax gain tied to Anthropic. CEO Andy Jassy expects AWS to grow more than 40% in both 2027 and 2028.
- Amazon shares slide over 6% after hours on quarterly results miss
Amazon missed analyst estimates on both quarterly revenue and earnings, sending shares down more than 6% after hours. The company earned $1.89 per share on revenue of $201.94 billion, versus expectations of $1.96 and $202.10 billion, and sees fourth-quarter revenue of $240 billion to $247 billion against a consensus of $244.30 billion. The report comes amid investor concern over heavy AI infrastructure spending and debt issuance, while Amazon holds a major AI position through AWS and its investment in Anthropic, which has filed for an IPO.
- Federal Reserve Board announces approval of application by The Bank of Nova Scotia
The Federal Reserve Board approved The Bank of Nova Scotia's application, based in Toronto, Canada, to become a bank holding company by acquiring Maple Financial Holdings, Inc. of Dallas, Texas. This indirectly gives it control of MapleMark Bank in Tulsa, Oklahoma.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.