Canada's Winpak misses Q4 revenue expectations

Winpak

23/02/2026 18:14

Overview

Canadian packaging firm's Q4 revenue declined slightly, missing analysts' expectations

Net income for Q4 decreased 1.2% year-over-year

Company continued share repurchase program, buying 2.2 mln shares under NCIB

Outlook

Winpak projects 2026 sales volume growth between 2% and 4%

Company expects 2026 capital expenditures of $80 to $100 mln

Winpak anticipates relatively stable raw material prices in 2026

Result Drivers

WEAK CUSTOMER DEMAND - Revenue was impacted by weakened demand in several product categories, particularly in flexible packaging

GROSS PROFIT MARGIN DECLINE - Gross profit margins fell 1.8 percentage points due to selling prices rising less than raw material costs and higher production waste

OPERATING EXPENSES REDUCTION - Operating expenses decreased, aided by an insurance claim reimbursement, boosting earnings

Company press release: ID:nCNWgyVPFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$284.85 mln
$291.93 mln (3 Analysts)
Q4 Net Income
$36.29 mln
Q4 Basic EPS
$0.60
Q4 EBITDA
$61.13 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy."

Wall Street's median 12-month price target for Winpak Ltd is C$48.00, about 7.7% below its February 20 closing price of C$52.03

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)