BRIEF-Winpak Reports 2018 Second Quarter Results
Published Jul 26, 2018 10:38
BRIEF-Winpak Reports 2018 Second Quarter Results
July 26 (Reuters) - Winpak Ltd WPK.TO :
* WINPAK REPORTS 2018 SECOND QUARTER RESULTS
* Q2 EARNINGS PER SHARE $0.43
* Q2 EARNINGS PER SHARE VIEW $0.42 -- THOMSON REUTERS I/B/E/S
* REVENUE IN Q2 OF 2018 REACHED $225.2 MILLION VERSUS $217.8 MILLION IN SAME QUARTER OF 2017
* CAPITAL EXPENDITURES IN RANGE OF $70 MILLION ARE ANTICIPATED FOR 2018
* CO IS FOCUSED ON CONTINUING TO EXPAND SALES VOLUME GROWTH IN SECOND HALF OF 2018
* WINPAK - RECENTLY LEVIED U.S. GOVERNMENT TARIFF ON ALUMINUM PRODUCTS INCREASED COST OF CO'S FLEXIBLE FOIL LIDDING PRODUCTS EXPORTED FROM CANADA INTO U.S.
* WINPAK - EFFECT OF ANY BORDER TAX ADJUSTMENT DUE TO POTENTIAL AMENDMENTS TO NAFTA COULD HAVE A SIGNIFICANT FINANCIAL IMPACT TO COMPANY
* WINPAK - SEES POSSIBLE FUTURE IMPACT OF NAFTA RELATING RISKS MITIGATED BY INCREASED PRODUCTION CAPABILITIES LEVELS IN U.S. MANUFACTURING OPERATIONS, IF REQUIRED
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Written By: Reuters
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