Solid Earnings Performance
Adjusted earnings per share of $2.42, up 5% sequentially and comparable to the prior year, demonstrating resilience in a dynamic environment.
Strong Free Cash Flow
Generated nearly $190 million in adjusted free cash flow during the second quarter.
Materials Group Margins
Materials Group delivered strong productivity and margins on modest volume growth with an adjusted EBITDA margin of 17.8%.
Vestcom Growth
Vestcom sales increased by roughly 10% due to the successful rollout of productivity solutions at CVS Health.
Strong Logistics Growth
Logistics segment saw strong growth compared to prior year and sequentially, maintaining strong market share.
Disciplined Capital Allocation
Returned roughly $500 million to shareholders in the first half of the year and increased the quarterly dividend by 7%.