Let’s dig into the relative performance of Avery Dennison (NYSE: AVY) and its peers as we unravel the now-completed Q2 industrial packaging earnings season.
Industrial packaging companies have built competitive advantages from economies of scale that lead to advantaged purchasing and capital investments that are difficult and expensive to replicate. Recently, eco-friendly packaging and conservation are driving customers preferences and innovation. For example, plastic is not as desirable a material as it once was. Despite being integral to consumer goods ranging from beer to toothpaste to laundry detergent, these companies are still at the whim of the macro, especially consumer health and consumer willingness to spend.
The 7 industrial packaging stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.6%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.7% since the latest earnings results.
Best Q2: Avery Dennison (NYSE: AVY)
Founded as Kum Kleen Products, Avery Dennison (NYSE: AVY) is a manufacturer of adhesive materials, display graphics, and packaging products, serving various industries.
Avery Dennison reported revenues of $2.46 billion, up 10.9% year on year. This print exceeded analysts’ expectations by 7.3%. Overall, it was a stunning quarter for the company with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates.
The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $168.73.
Is now the time to buy Avery Dennison? Access our full analysis of the earnings results here, it’s free.
Crown Holdings (NYSE: CCK)
Formerly Crown Cork & Seal, Crown Holdings (NYSE: CCK) produces packaging products for consumer marketing companies, including food, beverage, household, and industrial products.
Crown Holdings reported revenues of $3.67 billion, up 16.5% year on year, outperforming analysts’ expectations by 9.3%. The business had an exceptional quarter with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 1.5% since reporting. It currently trades at $112.83.
Is now the time to buy Crown Holdings? Access our full analysis of the earnings results here, it’s free.
Packaging Corporation of America (NYSE: PKG)
Founded in 1959, Packaging Corporation of America (NYSE: PKG) produces containerboard and corrugated packaging products as well as displays and package protection.
Packaging Corporation of America reported revenues of $2.49 billion, up 14.7% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates and EPS guidance for next quarter missing analysts’ expectations.
Interestingly, the stock is up 1.9% since the results and currently trades at $232.49.
Read our full analysis of Packaging Corporation of America’s results here.
International Paper (NYSE: IP)
Established in 1898, International Paper (NYSE: IP) produces containerboard, pulp, paper, and materials used in packaging and printing applications.
International Paper reported revenues of $6.00 billion, down 11.3% year on year. This print came in 3.3% below analysts’ expectations. Overall, it was a mixed quarter for the company.
International Paper had the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is down 18.1% since reporting and currently trades at $34.92.
Read our full, actionable report on International Paper here, it’s free.
Silgan Holdings (NYSE: SLGN)
Established in 1987, Silgan Holdings (NYSE: SLGN) is a supplier of rigid packaging for consumer goods products, specializing in metal containers, closures, and plastic packaging.
Silgan Holdings reported revenues of $1.64 billion, up 6.8% year on year. This result surpassed analysts’ expectations by 1.9%. It was a strong quarter as it also put up full-year EPS guidance meeting analysts’ expectations and a beat of analysts’ EPS estimates.
The stock is down 19.7% since reporting and currently trades at $38.55.
Read our full, actionable report on Silgan Holdings here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
