Earnings
May 23, 2019 - CM
New! Canadian Imperial Bank of Commerce Q2-2019 Earnings - Price Target Update .....
May 23, 2019 - IPL
New! Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update .....
May 21, 2019 - KEY
Keyera Corp. Q1-2019 Earnings, Price Target Update .....
May 19, 2019 - CHE.UN
Chemtrade Logistics Income Fund - Q1-2019 Earnings, Price Target .....
May 18, 2019 - CNQ
Canadian Natural Resources Ltd. Q1-2019 Earnings .....
May 17, 2019 - FRU
Freehold Royalties Ltd - Q1-2019 Earnings, Price Target Update .....
May 15, 2019 - VET
Vermilion Energy Inc. Q1-2019 Earnings & Price Target Update .....
May 14, 2019 - ENB
Enbridge Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
EIF, DR, FTS, CPX, CJR.B, more...

Richards Packaging Income Fund - 2018 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Richards Packaging Income Fund (RPI.UN) has operated since 1912, and is a leading packaging distributor in Canada, and third largest in North America in moulded plastics packaging segment. There are about 50 companies operating in this segment in North America. About half of Richards sales are for moulded rigid or flexible plastic with the balance to corrugated paper. Richards is one of the largest distributors of European and Asian glass for the specialty food and beverage markets. They are also a leading supplier of sterile IV, chemo andoral drug packaging and dispensing systems health care service providers in Canada. By sector, 47% of customers are in food and beverage, 29% in cosmetics, and 24% in healthcare. Approximately 40% of sales are concentrated in Los Angeles, Reno and Portland and 40% in Toronto, Montreal, Winnipeg and Vancouver.

Richards Packaging is a full-service packaging distributor targeting small- and medium-sized North American businesses. Richards Packaging serves a wide customer base that is comprised of approximately 13,300 regional food, beverage, cosmetics, specialty chemical, pharmaceutical and other companies. The primary source of revenue is from the distribution of over 5,000 different types of packaging containers and related components sourced from over 600 suppliers and its three dedicated manufacturing facilities. Sales from these manufacturing facilities represent approximately 10% of the total revenues of Richards Packaging. In addition to providing its customers with a wide range of packaging solutions, Richards Packaging provides design and development services and comprehensive logistics management through 17 sales offices and one agency location. On Oct-1-2015 they acquired Healthmark Services Ltd., a leading Canadian provider of sterile IV, chemo and oral drug packaging and dispensing systems to the health care industry, for $15.8M.

Primary packaging materials used are plastics and heavier weight papers ranging up to corrugated cardboards. Revenues are approximately half in Canada and half in the US, unchanged since 2008, and approximately one-third of sales are in Toronto, Montreal and Vancouver and one-third in Los Angeles, Seattle, Reno and Portland.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
May 24, 2019
New! TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
New! Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price Changes - May 3-10, 2019
May 7, 2019
Capital Power Corp - $150M, 5.75% Mininum Rate Preferred Share New Issue
May 4, 2019
Coverage Universe - Weekly Price Changes Apr 26- May 3, 2019
April 26, 2019
Coverage Universe - Weekly Price Changes Apr. 19-26, 2019
April 19, 2019
Coverage Universe - Weekly Price Changes Apr. 12-19, 2019
April 18, 2019
Surge Energy Inc 6.75% Convertible Debenture New Issue