This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

MeadWestvaco Management Discusses Q2 2012 Results - Earnings Call Transcript

This volume in market share gains during the quarter were a good reminder that while growth is slower, it is still growth, and we're working hard to capitalize on it. In fact, we're seeing positive momentum well above GDP levels in several of the markets we've targeted, especially in emerging markets. For instance, growth was slower in China during the period but still generally in line with the roughly 7% annualized GDP. There, beauty and personal care, home and garden and beverage categories are growing in at least steadfast while liquid packaging is growing on the order of twice that rate. And in each of these cases, our year-over-year unit volume growth during the second quarter was notably higher than the market levels.

The story was similar in Brazil, where the consumer economy is relatively stronger than the 2% to 3% annualized GDP rate. It is principally driven -- being driven by lower industrial production and commodity prices. Our corrugated packaging business in Brazil significantly outpaced the volume performance in the broader market.

With our market participation strategies, we're demonstrating that MWV can generate profitable growth. We're only 6 months into a 3- to 5-year record to add a $1 billion of profitable new revenue. In this short time, we've already put some points on the board that are reflected in our positive results in the last 2 quarters. For example, we've used our improved commercial excellence capabilities to increase our share of wallets and extend our price for value initiatives with many top customers. A great example is the revenue gains we've earned through brand engagements and packaging design work with AB InBev. As I've noted, we increased our corrugated volume in Brazil faster than the market in part by serving new customers in the region of our fifth box plant in Araçatuba.

Stock quotes in this article: MWV 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs