Winpak Ltd. announced unaudited consolidated earnings results for the first quarter ended April 1, 2012. For the quarter, the company reported revenue of $171,805,000 compared to $148,537,000 for the same period a year ago. Income from operations was $25,247,000 compared to $20,961,000 for the same period a year ago. Income before income taxes was $25,462,000 compared to $21,030,000 for the same period a year ago. Net income for the period was $17,092,000 compared to $15,054,000 for the same period a year ago. Net profit attributable to equity holders of the company was $16,961,000 compared to $14,694,000 for the same period a year ago. Basic and fully diluted earnings per share were 26 cents compared to 23 cents for the same period a year ago. Net cash from operating activities was $18,398,000 compared to $12,942,000 for the same period a year ago. Acquisition of property, plant and equipment, net was $19,664,000 compared to $6,446,000 for the same period a year ago. Acquisition of intangible assets was $428,000 compared to $173,000 for the same period a year ago. EBITDA was $31,766,000 compared to $27,581,000 for the same period a year ago. The company provided capital expenditure guidance for the year 2012. The company announced plans for 2012 call for capital expenditures approaching $100 million to further broaden the product range as well as to add to existing capacity, all aimed at growing annual revenue organically to $1 billion by the year 2015.