Mixed Year Financially for U.S. Packaging Companies
The stronger dollar battered 2015 revenue for publicly held U.S. packaging companies. In Packaging Strategies News’ analysis of the 16 in our group, sales growth averaged only 1.8% for the year.
The bright spots were among plastic packagers with exposure to the pharmaceutical markets, which outperformed the paper packaging companies. “Indeed the plastic packagers has some of the best fourth-quarter results thanks to lower resin costs, while the containerboard producers had difficult quarters,” wrote KeyBanc Capital Markets analyst Adam Josephson in a research note.