Industry News, Printers News

Graphic Packaging Reports 1Q 2019 Results

Q1 net sales were $1,505.9 million versus $1,477.4 million in 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 2019 of $57.9 million, or $0.19 per share, based upon 298.2 million weighted average diluted shares. This compares to first quarter 2018 net income of $29.9 million, or $0.10 per share, based on 311.3 million weighted average diluted shares.   “We are very pleased with our performance in the first quarter reflecting a 160 basis point improvement in our adjusted EBITDA margin to 17.2%. First quarter adjusted EBITDA of $260 mi...

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