At 94% utilisation, Sonoco’s margin still fell 1.7 points
Which mix of price increases, volumes and plant utilisation keeps you from misreading the economics of a packaging business?
Sonoco operated its North American paper mills at 94% in the quarter in which it recorded an $828.875 million impairment. Third-party North American URB tonnage and Industrial Paper Packaging revenue rose, yet the segment’s margin fell.
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Translated from Japanese by AI. The Japanese original is authoritative.
North American paper mills ran at 94% utilisation in the third quarter. Third-party North American URB tonnage also rose 10% year on year. Even so, Sonoco’s Industrial Paper Packaging operating margin fell 1.7 points, from 15.3% to 13.6%.…
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