North American supplier of general line rigid containers, BWAY has reported a 3.2% rise in net sales to $248.4m for the first quarter of fiscal 2012 compared to $240.7m in the same period last year.

The company attributed the growth to the acquisition of Phoenix Container, completed during the first quarter of fiscal 2011, and higher selling prices.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

BWAY has reported a rise in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $29m for the quarter compared to $16.8m in the previous year.

According to the company, improved performance in plastic and metal packaging segments helped its growth in EBITDA.

Gross margin for the quarter excluding depreciation and amortisation stood at $34m compared to $22m for the same period last year.

This was primarily due to higher selling prices, improved results from recent acquisitions and continued realisation of synergies, including the closure of two plastic manufacturing facilities, a reduction in overheads, and purchasing efficiencies.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Net loss for the quarter stood at $2.9m compared to a net loss of $10.7m for the first quarter last year due to the improvement in gross margin and other items.

Sales for the company’s metal packaging segment during the quarter increased to $153.8m against $144.7m, while the plastic packaging segment reported sales of $94.6m compared to $96m for the year-earlier period.

Packaging Gateway Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Packaging Gateway Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving packaging industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now