Last $45.18 USD
Change Today +0.22 / 0.49%
Volume 135.5K
MWV On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:02 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

meadwestvaco corp (MWV) Snapshot

Open
$45.08
Previous Close
$44.96
Day High
$45.25
Day Low
$45.00
52 Week High
12/19/14 - $45.35
52 Week Low
02/5/14 - $33.59
Market Cap
7.5B
Average Volume 10 Days
751.5K
EPS TTM
$1.68
Shares Outstanding
166.7M
EX-Date
11/19/14
P/E TM
27.0x
Dividend
$1.00
Dividend Yield
4.43%
Current Stock Chart for MEADWESTVACO CORP (MWV)

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meadwestvaco corp (MWV) Details

MeadWestvaco Corporation provides packaging solutions to healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. It operates in five segments: Food and Beverage, Home, Health and Beauty, Industrial, Specialty Chemicals, and Community Development and Land Management. The Food & Beverage segment produces packaging materials and paperboards, as well as is engaged in carton design and converting operation. The Home, Health & Beauty segment designs and produces pumps, paperboards, plastic packaging materials, trigger sprayers, hose-end sprayers, and spouted and applicator closures for the personal care, fragrance, home care, lawn and garden, prescription drug, and healthcare end markets. The Industrial segment designs and produces corrugated packaging materials, corrugated packaging solutions, kraftliner and recycled material medium paperboards, and containerboards, as well as converts boards and raw materials to corrugated packaging primarily for produce, meat, consumer products, and bulk goods in Brazil and India. The Specialty Chemicals segment manufactures, markets, and distributes specialty chemicals, such as performance chemicals used in printing inks, asphalt paving, and adhesives, as well as in the agricultural, paper, and petroleum industries; and produces activated carbon products used in gas vapor emission control systems for automobiles and trucks, as well as applications for air, water, and food purification. The Community Development and Land Management segment is involved in the development and sale of real estate properties; entitling and enhancing tracts; and planning of landholdings. The company sells its products through its sales force, as well as through paperboard merchants and distributors. MeadWestvaco Corporation was founded in 1888 and is headquartered in Richmond, Virginia.

16,000 Employees
Last Reported Date: 02/24/14
Founded in 1888

meadwestvaco corp (MWV) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $592.8K
Executive Vice President of Global Operations
Total Annual Compensation: $473.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $494.1K
Compensation as of Fiscal Year 2013.

meadwestvaco corp (MWV) Key Developments

MeadWestvaco Corporation's Mems System Chosen for Trials of HIV-Prevention Medication in Africa and India

MeadWestvaco Corporation has received a grant to provide its Medication Event Monitoring System (MEMS(TM)) to The Bill & Melinda Gates Foundation. The system is being used in the foundation's new demonstration projects on pre-exposure prophylaxis (PrEP) medications to help prevent the spread of HIV/AIDS in sub-Saharan Africa and India. The four studies launched in October 2014. Orally administered PrEP medications represent an important tool in the efforts to eradicate HIV/AIDS worldwide. These medications are given to high-risk but HIV-negative people, and have been shown to prevent transmission of the virus when people are adherent to their medication program. MWV's MEMS System measures, monitors and improves adherence. It has previously been used in pivotal studies for HIV medications including Gilead's TRUVADA(R), the first oral HIV medication the U.S. Food and Drug Administration approved for PrEP. MWV Healthcare's system utilizes its MEMSCap(TM) smart electronic medication packaging. The system tracks each time the medication bottle is opened, a proven corollary for measuring when a pill is taken. These data are wirelessly transferred to MWV Healthcare's MedAmigo(TM) platform, a secure, web-based program for data analysis and modeling. During the foundation's trials, MWV's scientific staff will analyze adherence data and provide trial coordinators with real-time feedback about each participant's adherence. When provided to participants, this real-time feedback at the point of care has been shown to be the most effective adherence intervention available. In recent draft guidance, the FDA has recommended using smart medication packaging to measure and enhance adherence in clinical trials. MWV Healthcare's MEMS System is cited in nearly 700 peer-reviewed, published papers and has been used in nearly a thousand clinical trials, demonstrating the proven link between medication adherence and efficacy. MWV Healthcare provides both electronic and non-electronic adherence packaging in form factors including blisters, bottles and injectables to pharmaceutical companies worldwide, for use in both trials and clinical care. MWV's solutions are proven and scalable, both when used alone and also as a foundation for broader adherence programs.

MeadWestvaco Corporation Declares Quarterly Dividend, Payable on December 1, 2014

MeadWestvaco Corporation's Board of Directors declared a regular quarterly dividend of $0.25 per common share. The payment of the dividend will be made December 1, 2014 to shareholders of record at the close of business November 21, 2014.

MeadWestvaco Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Provides CapEx Guidance for the Year 2014

MeadWestvaco Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s sales from continuing operations were $1.47 billion compared to $1.38 billion in the third quarter of 2013. Income from continuing operations attributable to the company was $105 million or $0.60 per diluted share, compared to $61 million or $0.34 per diluted share in the third quarter of 2013. Income from continuing operations attributable to the company excluding special items was $109 million or $0.63 per share in the third quarter of 2014, compared to $68 million or $0.37 per share in the third quarter of 2013. Cash flow provided by operating activities from continuing operations was $139 million compared to $107 million in the third quarter of 2013, reflecting higher earnings compared to 2013. Capital spending declined to $74 million compared to $108 million in the third quarter of 2013, reflecting lower overall investment primarily related to the Covington biomass boiler, which was completed in the fourth quarter of 2013. The company posted third quarter results that beat the consensus view on strong sales in its targeted higher-value packaging and specialty chemicals end markets. Cash flow provided by operating activities was $141 million compared to $148 million a year ago. Income from continuing operations before income taxes was $148 million compared to $100 million a year ago. Net income attributable to the company was $106 million or $0.61 per diluted share, compared to $80 million or $0.44 per diluted share, a year ago. EBITDA, as adjusted was $285 million compared to $237 million a year ago, increased 20% driven by strong improvement across all packaging segments. Free cash flow in the quarter improved by approximately $70 million year-over-year due to higher earnings and lower capital spending. For the year to date, the company’s sales from continuing operations were $4.3 billion compared to $4.08 billion a year ago. Income from continuing operations attributable to the company was $209 million or $1.22 per diluted share, compared to $111 million or $0.62 per share a year ago. Cash flow provided by operating activities was $84 million compared to $260 million a year ago. Capital spending declined to $214 million compared to $337 million a year ago. Income from continuing operations before income taxes was $300 million compared to $139 million a year ago. Net income attributable to the company was $210 million or $1.22 per diluted share, compared to $162 million or $0.90 per diluted share, a year ago. EBITDA, as adjusted was $733 million compared to $594 million a year ago. The company provided earnings guidance for the fourth quarter of 2014. The company said it expects fourth quarter of 2014 earnings ex-items to be higher than a year ago, without giving details. The company expects fourth quarter tax rate to be 30%. For the year 2014, total CapEx will be approximately $350 million.

 

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Industry Analysis

MWV

Industry Average

Valuation MWV Industry Range
Price/Earnings 18.7x
Price/Sales 1.4x
Price/Book 2.1x
Price/Cash Flow 8.5x
TEV/Sales 0.7x
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