Consumer Discretionary
Packaging & Containers
$18.36B
39K
Key insights and themes extracted from this filing
Net sales increased to $4.686 billion compared to $4.613 billion in Q3 2023, but decreased from $4.734 billion in Q2 2024. The sequential decrease was attributed to seasonally lower sales volumes.
Earnings from continuing operations decreased to $150 million in Q3 2024 from $192 million in Q3 2023. This was attributed to higher operating costs and lower sales volumes.
The company recorded restructuring and other charges of $56 million in Q3 2024, related to severance costs from the 80/20 strategic approach. These charges negatively impacted the reported earnings.