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Winpak Ltd T.WPK

Alternate Symbol(s):  WIPKF

Forest Products Paper & Paper Products
Winpak Ltd. is a Canada-based company, which manufactures and distributes packaging materials and related packaging machines. The Company’s products are used primarily for the packaging of perishable foods, beverages and in healthcare applications. The Company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding and Packaging Machinery. The Flexible Packaging segment includes the modified atmosphere packaging, specialty films and biaxially oriented nylon product groups. The Rigid Packaging and Flexible Lidding segment include the rigid containers, lidding and specialized printed packaging product groups. Rigid containers include portion control and single-serve containers, as well as plastic sheet, custom and retort trays. Packaging Machinery segment includes a full line of horizontal fill/seal machines for preformed containers and vertical form/fill/seal pouch machines for pumpable liquid and semi-liquid products and certain dry products.


TSX:WPK - Post by User

Winpak Ltd
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Post by zack50on Mar 04, 2021 11:03pm
119 Views
Post# 32725210

WPK... 4th Quarter Results

WPK... 4th Quarter Results
Winpak Fourth-Quarter Profit Rises 2% Despite Weaker Sales

 

04 Mar 202111:26 ET  

11:26 AM EST, 03/04/2021 (MT Newswires) -- Winpak Ltd (WPK.TO) on Thursday said its fourth-quarter profit rose 2% even as sales weakened.

The packaging company said it earned C$C$28.08 million, or C$0.42 per share, in the period, up from C$27.52 million, or C$0.41, in the final quarter of 2019. Sales dropped 2.5% to C$212.09 million.

Winpak said it estimated that Covid-19 measures cut its fourth-quarter sales by 0.5% to 1.5%, though volumes were higher, particularly for its flexible packaging operations, which had a 4% increase.

Still, the company expects a positive year as the pandemic slowly ends and demand improves.

"Winpak is cautiously optimistic regarding overall sales volume growth despite the negative headwinds that may affect certain product groups due to the pandemic," it said in a release

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