Canada's Winpak Q2 revenue rises on higher selling prices, favorable product mix

Winpak

23/07/2026 18:12

    

    Overview
  
Canada packaging materials maker's Q2 revenue rose 7.9% yr/yr 
Q2 net income attributable to equity holders rose 11.3% yr/yr, with EPS at $0.57
Higher gross profit from selling price increases and cost-efficient sourcing boosted earnings

    

    Outlook
  
Winpak forecasts 2026 capital expenditures between $70 mln and $80 mln
Company says ongoing Middle East uncertainty may continue to impact operating costs and working capital
Winpak expects to onboard new poultry, dairy, pet food and creamer business in H2 2026

    

    Result Drivers
  
SELLING PRICE INCREASES - Higher selling prices and favorable product mix contributed $15.7 mln to Q2 revenue growth
GROSS MARGIN IMPROVEMENT - Gross profit margin rose as selling prices outpaced raw material cost increases, supported by fuel surcharges and cost-efficient aluminum sourcing
SEGMENT MIXED PERFORMANCE - Specialized printed packaging and lidding volumes grew, while specialty films and packaging machinery volumes declined due to weaker demand and economic uncertainty

    
Company press release: ID:nCNWP2dlwa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Miss
$294.47 mln
$297.67 mln (3 Analysts)
Q2 EPS
 
$0.57
 
Q2 Net Income
 
$34.23 mln
 
Q2 Basic EPS
 
$0.57
 
Q2 EBITDA
 
$57.66 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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$47.00, about 6.1% above its July 22 closing price of C$44.29
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

    

    Reuters Recommended Reads
  
July 22 - Sonoco Q2 profit beats estimates driven by Industrial Paper Packaging
July 22 - Packaging Corp Q2 adjusted EPS falls less than expected, helped by strong demand
July 23 - Finland's Huhtamaki Q2 net sales flat, comparable growth 2%

    
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(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.)