Smurfit-Stone Container Corporation (NASDAQ:SSCC) swung to a profit in the first quarter, beating Wall Street estimates. Smurfit-Stone Container Corp manufacturers of paperboard and paper-based packaging in North America, including containerboard and corrugated containers, and also in the business of paper recyclers.
Smurfit-Stone Container Earnings Cheat Sheet for the First Quarter
Results: Swung to a profit of $54 million (54 cents/diluted share) in the quarter. The packaging and containers company had a net loss of $89 million or a loss of 35 cents per share in the year earlier quarter.
Revenue: Rose 8.2% to $1.58 billion YoY.
Actual vs. Wall St. Expectations: SSCC beat the mean analyst estimate of 46 cents/share. Estimates ranged from 43 cents per share to 52 cents per share.
Competitors to Watch: Rock-Tenn Company (NYSE:RKT), MeadWestvaco Corp. (NYSE:MWV), Packaging Corp. of America (NYSE:PKG), Temple-Inland, Inc. (NYSE:TIN), KapStone Paper and Packaging Corp. (NYSE:KS), Graphic Packaging Holding Co. (NYSE:GPK), MOD-PAC CORP. (NASDAQ:MPAC), Sonoco Products Company (NYSE:SON), VPK Packaging Group NV (VPKB), and P.H. Glatfelter Company (NYSE:GLT).
Today’s Performance: Shares of SSCC closed up 1.5% from the previous closing price of $38.67.