Sales Increase
Sales increased by 8.6% in Q1 2025, reaching $1.89 billion compared to $1.74 billion in Q1 2024.
Operating Income Growth
Operating income increased by 9%, reaching $316.9 million compared to $282 million in Q1 2024.
Record Earnings Per Share
Adjusted basic earnings per Class B share reached a record $1.18, up from $1.08 in Q1 2024.
Strong Free Cash Flow Improvement
Free cash flow from operations was an inflow of $39.1 million compared to an outflow of $7 million in Q1 2024.
Share Repurchase and Dividend Increase
The company repurchased 1.4 million shares for $100 million, and dividends increased by 10.3%.
Innovia Segment Performance
Innovia segment showed strong volume growth and share gain, especially in North America.