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Winpak Ltd (T:WPK)

Business Focus: Non-Paper Containers & Packaging (NEC)

Sector:  Basic Materials Industry:  Non-Paper Containers & Packaging
 
Company Contact
Address: 100 Saulteaux Cres
WINNIPEG MB R3J 3T3
Tel: N/A
Website: https://www.winpak.com
IR: See website
Key People
Antti I. Aarnio-Wihuri
Chairman of the Board
Olivier Y. Muggli
President, Chief Executive Officer
Scott M. Taylor
Chief Financial Officer, Vice President
James C. Holland
President - Winpak Division
Ryan M. Roberts
President - Winpak Portion Packaging, Winpak Heat Seal, Winpak Lane, Inc.
Mustafa Bilgen
Vice President - Technology and Innovation
Randy W. Zasitko
Vice President - Supply Chain and Procurement
   
Business Overview
Winpak Ltd. is a Canada-based company, which manufactures and distributes packaging materials and related packaging machines. The Company's products are used primarily for the packaging of perishable foods, beverages and in healthcare applications. The Company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding and Packaging Machinery. The Flexible Packaging segment includes the modified atmosphere packaging, specialty films and biaxially oriented nylon product groups. The Rigid Packaging and Flexible Lidding segment include the rigid containers, lidding and specialized printed packaging product groups. Rigid containers include portion control and single-serve containers, as well as plastic sheet, custom and retort trays. Packaging Machinery segment includes a full line of horizontal fill/seal machines for preformed containers and vertical form/fill/seal pouch machines for pumpable liquid and semi-liquid products and certain dry products.
Financial Overview
For the 13 weeks ended 31 March 2024, Winpak Ltd revenues decreased 9% to $276.8M. Net income decreased 10% to $35.5M. Revenues reflect Flexible packaging segment decrease of 10% to $147.3M, Rigid packaging and flexible lidding segment decrease of 6% to $122.2M, United States segment decrease of 10% to $219.9M, Canada segment decrease of 4% to $37.5M.
Employees: 2,563 as of Dec 26, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $2,105M as of Mar 31, 2024
Annual revenue (TTM): $1,524M as of Mar 31, 2024
EBITDA (TTM): $309.49M as of Mar 31, 2024
Net annual income (TTM): $197.55M as of Mar 31, 2024
Free cash flow (TTM): $195.97M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,814,804 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization