Reports Q1 revenue $4.6B, consensus $4.79B. “During the quarter, we grew external containerboard shipments, while we felt the impact of lower paperboard market demand,” said David Sewell, CEO. “We continue to expect significantly improved demand in the second half of our fiscal year. “We are continuing to deliver on, and we expect to significantly exceed, our cost savings targets. Our transformation initiatives have strengthened our portfolio, are increasing vertical integration and created significant operational efficiencies. With our broad portfolio of packaging solutions and self-help initiatives, we are well positioned to capitalize on the opportunities ahead.”
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