Husky Injection Molding and Anchor Glass Container both delivered disappointing earnings for the second quarter, leading their respective debt to trade down in secondary markets.
Husky’s costs increased while sales declined in the wake of its highly levered buyout by Platinum Equity earlier this year. Anchor Glass attributed its earnings drop to a fire at one of its plants in May but also cautioned it was searching for a client to replace Dr Pepper Snapple Group, which is transitioning to plastic bottles rather than glass.
In this podcast, recorded Friday 24 August, Will Caiger-Smith, associate editor for primary markets at Debtwire, and Farhin Lilywala, high yield reporter for Debtwire, discuss the outlook for both companies in light of their second quarter earnings.
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