Increased Net Income
Third quarter 2025 net income was $247 million or $2.73 per share, up from $239 million or $2.65 per share in the third quarter of 2024.
Surge in EBITDA
Total company EBITDA for the third quarter, excluding special items, was $503 million in 2025, up from $461 million in 2024.
Record Cash Provided by Operations
Cash provided by operations was an all-time quarterly record of $469 million, with free cash flow reaching a record $277 million.
Successful Acquisition of Greif Containerboard Business
Completed the acquisition of Greif Containerboard business on September 2, 2025, which is expected to improve long-term productivity and efficiency.
Strong Performance in Packaging Segment
Packaging segment EBITDA margins improved to 23.1% versus 22.2% last year, with domestic containerboard and corrugated products prices and mix up $0.72 per share over the third quarter of 2024.