Industry News

Graphic Packaging Reports 1Q 2013 Results

Net sales increased 3.1 percent versus the prior year period

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company reported net income for first quarter 2013 of $34.9 million, or $0.10 per share, based upon 350.4 million weighted average diluted shares. This compares to first quarter 2012 net income of $17.2 million, or $0.04 per share, based on 396.5 million weighted average diluted shares. Adjusted net income for the first quarter of 2013 was $35.8 million, or $0.10 per diluted share, when adjusted for $0.9 million in restructuring and other special charges (net of tax)...

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