BWAY Holding Company (NYSE: BWY), headquartered
in Atlanta, is a leading North American manufacturer and distributor of metal and rigid plastic containers for the industrial and consumer products markets. The Metal Packaging segment specializes in steel paint cans, aerosol cans, pails and ammunition boxes. The Plastics Packaging unit provides injection-molded and blow-molded bottles and drums for petroleum products, agricultural chemicals, paints, inks, edible oils, adhesives and sealants. The ICL Industrial Containers division is Canada's leading supplier of plastic and steel pails. Ball Corporation (NYSE: BLL) and Crown Holdings (NYSE: CCK) are major competitors.
The firm surprised the Street last week, when it reported fiscal Q3 EPS of 41 cents and revenues of $274 million. Analysts had been looking for 28 cents and $271.6 million. In discussing the successful quarter, the CEO noted increased productivity, better cost containment and the effects of new products. Management also guided FY08 EPS to 70-75 cents, versus Street consensus of 53 cents.
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