Q2 2026 revenue +6.8% to $1.64B, but net income falls 14.8% to $75.8M on margin compression

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income fell 14.8% to $75.8M ($0.72/share diluted, down 13.3%) despite 6.8% revenue growth, as gross margin compressed 150bp to 17.9% and operating margin fell 170bp to 9.2%.

  MD&A: Consolidated Results verify on EDGAR →
• high

  Metal containers segment saw adjusted EBIT fall $4.9M (6.9%) and margins compress 190bp to 8.6%, driven by unfavorable product mix (higher pet food volumes, lower fruit/vegetable and soup volumes) and raw material pass-through effects.

  MD&A: Metal Containers Segment verify on EDGAR →
• medium

  Rationalization charges nearly doubled to $18.2M from $9.9M, reflecting accelerated footprint optimization; remaining cash expenditures for rationalization plans increased to $32.6M from $21.6M.

  MD&A: Operating Costs / Notes: Rationalization verify on EDGAR →