The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Avery Dennison (NYSE: AVY) and the rest of the industrial packaging stocks fared in Q4.

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 slower Q4. As a group, revenues beat analysts’ consensus estimates by 1.9%.

Thankfully, share prices of the companies have been resilient as they are up 5.5% on average since the latest earnings results.

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 $2.27 billion, up 3.9% year on year. This print fell short of analysts’ expectations by 0.5%. Overall, it was a mixed quarter for the company with EPS guidance for next quarter slightly topping analysts’ expectations but a slight miss of analysts’ revenue estimates.

“We delivered solid full-year results in 2025, with adjusted EPS of $9.53, reflecting the durability of our business model in a dynamic environment. Despite tariff-related impacts and softer consumer volumes, our team successfully leveraged our proven productivity playbook to maintain an adjusted EBITDA margin of 16.4% and generate over $700 million in adjusted free cash flow,” said Deon Stander, president and CEO.

Interestingly, the stock is up 4.1% since reporting and currently trades at $194.39.

Read our full report on Avery Dennison here, it’s free.

Best Q4: Ball (NYSE: BALL)

Started with a $200 loan in 1880, Ball (NYSE: BLL) manufactures aluminum packaging for beverages, personal care, and household products as well as aerospace systems and other technologies.

Ball reported revenues of $3.35 billion, up 16.2% year on year, outperforming analysts’ expectations by 7.3%. The business had a strong quarter with a solid beat of analysts’ revenue estimates and a narrow beat of analysts’ EBITDA estimates.

Ball achieved the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 19.2% since reporting. It currently trades at $67.56.

Is now the time to buy Ball? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: 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 $2.36 billion, up 10.1% year on year, falling short of analysts’ expectations by 2.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Packaging Corporation of America delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 7.3% since the results and currently trades at $240.01.

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 $6.01 billion, up 31.1% year on year. This print beat analysts’ expectations by 1.9%. However, it was a softer quarter as it recorded a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

International Paper delivered the fastest revenue growth among its peers. The stock is up 18.2% since reporting and currently trades at $49.04.

Read our full, actionable report on International Paper here, it’s free.

Graphic Packaging Holding (NYSE: GPK)

Founded in 1991, Graphic Packaging (NYSE: GPK) is a provider of paper-based packaging solutions for a wide range of products.

Graphic Packaging Holding reported revenues of $2.10 billion, flat year on year. This number surpassed analysts’ expectations by 3.5%. Zooming out, it was a slower quarter as it produced full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.

Graphic Packaging Holding had the slowest revenue growth among its peers. The stock is down 16.3% since reporting and currently trades at $12.37.

Read our full, actionable report on Graphic Packaging Holding here, it’s free.

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