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Operating Income by Segment
Shows the profitability of each business segment, highlighting which areas are driving earnings and which may need improvement or strategic shifts.Packaging is clearly the profit engine — it recovered from the 2024 trough and posted sizable rebounds into 2026, but quarter-to-quarter swings (notably the sharp late‑2025 drop) create earnings uncertainty. Paper provides steady, small upside that stabilizes but won’t move the needle. Meanwhile Corporate & Other losses have grown materially, especially into mid‑2026, which is eating into consolidated margins. For investors, sustained upside depends on Packaging’s ability to keep margin momentum and management reining in escalating corporate costs or explaining one‑time drivers behind the volatility.
Date | Corporate & Other | Packaging | Paper |
|---|---|---|---|
Jun 30, 2026 | -$56.30M | $313.20M | $34.30M |
Mar 31, 2026 | -$41.90M | $260.30M | $32.90M |
Dec 31, 2025 | -$37.50M | $173.30M | $32.70M |
Sep 30, 2025 | -$38.60M | $327.50M | $35.60M |
Jun 30, 2025 | -$38.40M | $346.30M | $25.80M |
Mar 31, 2025 | -$33.40M | $278.10M | $35.60M |
Dec 31, 2024 | -$29.80M | $297.20M | $34.80M |
Sep 30, 2024 | -$32.10M | $320.70M | $38.50M |
Jun 30, 2024 | -$30.50M | $279.80M | $26.70M |
Mar 31, 2024 | -$37.50M | $203.80M | $29.70M |