Mauser Packaging Solutions Holding Co.

Overview Key strengths Key risks Leading player in the industrial packaging space with broad end-market diversity and offerings that support its global footprint. Aggressive financial policies, including multiple debt-funded acquisitions and shareholder rewards. Earnings Improvement Program (EIP) continues to support material improvement in EBITDA growth. Ongoing labor constraints, logistical bottlenecks, and likely persistent general inflation. Upcoming sizable 2024 debt maturities. Mauser Packing Solutions Holding Co. grew revenue 19% year to date to over $4 billion, and S&P Global Ratings-adjusted EBITDA was $743 million compared with $529 million through the first nine months of 2021. The increases are primarily a result of pricing actions to pass-through rising inflation for both raw and non-raw materials. Offsetting the pricing gains were weaker volumes

...Cost pass-throughs supported revenue and EBITDA growth through the third quarter but weaker volumes across all four major segments and foreign currency losses offset it. Mauser Packing Solutions Holding Co. grew revenue 19% year to date to over $4 billion, and S&P Global Ratings-adjusted EBITDA was $743 million compared with $529 million through the first nine months of 2021. The increases are primarily a result of pricing actions to pass-through rising inflation for both raw and non-raw materials. Offsetting the pricing gains were weaker volumes across all four segments through the first three quarters, North America Small Packaging (NASP), North America Large Packaging (NALP), Reconditioning, and International as demand remained light for industrial products across the plastics, metal, and fiber substrates from recessionary pressures in both in North America and Europe. The company...

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