The perforated packaging market size was calculated at USD 27.37 billion in 2024 and is projected to reach around USD 44.80 billion by 2034. The market is expanding at a CAGR of 5.05% between 2024 and 2034.
| Metric | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | TTM |
| Total revenue | 2.90 B | 2.86 B | 2.98 B | 3.08 B | 2.88 B | 3.10 B | 3.32 B | 3.37 B | 12.67 B |
| YoY growth | −17.43% | −4.44% | −2.14% | −0.03% | −0.76% | 8.42% | 11.52% | 9.48% | |
| Cost of goods sold | −2.44 B | −2.43 B | −2.50 B | −2.59 B | −2.43 B | −2.65 B | −2.84 B | −2.85 B | −10.77 B |
| Gross profit | 461.00 M | 431.00 M | 474.00 M | 490.00 M | 444.00 M | 456.00 M | 483.00 M | 523.00 M | 1.91 B |
| YoY growth | 41.41% | 2.13% | 19.40% | 12.39% | −3.69% | 5.80% | 1.90% | 6.73% | |
| Operating expenses (excl. COGS) | −53.00 M | −284.00 M | −173.00 M | −86.00 M | −278.00 M | −111.00 M | −305.00 M | −126.00 M | −820.00 M |
| Operating income | 408.00 M | 147.00 M | 301.00 M | 404.00 M | 166.00 M | 345.00 M | 178.00 M | 397.00 M | 1.09 B |
| YoY growth | 63.86% | −51.49% | 32.02% | 67.63% | −59.31% | 134.69% | −40.86% | −1.73% | |
| Non-operating income (total) | −274.00 M | −46.00 M | −101.00 M | −177.00 M | −159.00 M | −116.00 M | 90.00 M | −6.00 M | −191.00 M |
| Pretax income | 134.00 M | 101.00 M | 200.00 M | 227.00 M | 7.00 M | 229.00 M | 268.00 M | 391.00 M | 895.00 M |
| YoY growth | 76.32% | −34.42% | 32.45% | 29.71% | −94.78% | 126.73% | 34.00% | 72.25% | |
| Equity in earnings | 7.00 M | 5.00 M | 8.00 M | 8.00 M | 7.00 M | 5.00 M | 8.00 M | 7.00 M | 27.00 M |
| Taxes | −39.00 M | −27.00 M | −49.00 M | −42.00 M | −15.00 M | −53.00 M | −61.00 M | −76.00 M | −205.00 M |
| Non-controlling/minority interest | 0 | −1.00 M | −1.00 M | −2.00 M | −2.00 M | 0 | −3.00 M | 0 | −5.00 M |
| After tax other income/expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income before discontinued operations | 102.00 M | 78.00 M | 158.00 M | 191.00 M | −3.00 M | 181.00 M | 212.00 M | 322.00 M | 712.00 M |
| Discontinued operations | 54.00 M | −1.09 B | 0 | 7.00 M | 31.00 M | 0 | 0 | 0 | 31.00 M |
| Net income | 156.00 M | −1.01 B | 158.00 M | 198.00 M | 28.00 M | 181.00 M | 212.00 M | 322.00 M | 743.00 M |
| YoY growth | 183.64% | −670.62% | −8.67% | −10.41% | −82.05% | — | 34.18% | 62.63% | |
| Dilution adjustment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Preferred dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Diluted net income available to common stockholders | 156.00 M | −1.01 B | 158.00 M | 198.00 M | 28.00 M | 181.00 M | 212.00 M | 322.00 M | 743.00 M |
| Basic earnings per share (basic EPS) | 0.49 | −3.21 | 0.51 | 0.65 | 0.09 | 0.64 | 0.77 | 1.19 | 2.69 |
| YoY growth | 182.42% | −669.31% | −7.11% | −6.67% | −80.84% | — | 50.28% | 81.40% | |
| Diluted earnings per share (diluted EPS) | 0.49 | −3.21 | 0.51 | 0.65 | 0.09 | 0.63 | 0.76 | 1.18 | 2.67 |
| YoY growth | 178.91% | −673.79% | −7.23% | −6.86% | −80.47% | — | 50.68% | 81.90% | |
| Average basic shares outstanding | 315.31 M | 314.95 M | 309.27 M | 302.41 M | 295.36 M | 283.29 M | 276.10 M | 271.09 M | — |
| Diluted shares outstanding | 317.31 M | 314.95 M | 311.96 M | 305.22 M | 295.36 M | 285.07 M | 277.77 M | 272.89 M | — |
| EBITDA | 564.00 M | 314.00 M | 453.00 M | 554.00 M | 317.00 M | 495.00 M | 333.00 M | 555.00 M | 1.70 B |
| YoY growth | 37.23% | −33.05% | 13.82% | 40.97% | −43.79% | 57.64% | −26.49% | 0.18% | |
| EBIT | 408.00 M | 147.00 M | 301.00 M | 404.00 M | 166.00 M | 345.00 M | 178.00 M | 397.00 M | 1.09 B |
| YoY growth | 63.86% | −51.49% | 32.02% | 67.63% | −59.31% | 134.69% | −40.86% | −1.73% | |
| Total operating expenses | −2.49 B | −2.71 B | −2.68 B | −2.68 B | −2.71 B | −2.76 B | −3.14 B | −2.98 B | −11.59 B |