"The third quarter financial performance was consistent with the first and second quarter and the trend set in the back half of 2022 driven mainly by weak food and beverage packaging sales as the oversupply of inventory continued with both customers and suppliers. Working capital was reduced by a further
Third quarter total revenue was down 7% due to organic contraction and the oversupply of food and beverage packaging offset by growth for healthcare and pumps and sprayers.
October revenue was down approximately the same rate as the third quarter due to continued pressure on food and beverage revenue." commented
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