Industry News

Graphic Packaging Reports 2Q 2014

Q2 net sales increased $30.4 million or 2.8 percent, after adjusting for the impact of divested businesses.

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Graphic Packaging Holding Company reported a net Loss for second quarter 2014 of $40.0 million, or $0.12 per share, based upon 328.7 million weighted average shares. This compares to second quarter 2013 net income of $21.2 million, or $0.06 per share, based on 351.5 million weighted average diluted shares. Including the tax impact, second quarter 2014 net income was negatively impacted by $106.0 million of charges primarily from the loss on sale of assets (multi-wall bag business) along with ...

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