Industry News, Printers News

Graphic Packaging Reports 3Q 2016 Results

Net sales increased 3.1% to $1,103.7 million in the third quarter of 2016.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company reported net income for third quarter 2016 of $57.8 million, or $0.18 per share, based upon 320.4 million weighted average diluted shares. This compares to third quarter 2015 net income of $60.2 million, or $0.18 per share, based on 330.4 million weighted average diluted shares.   Third quarter 2016 net income was negatively impacted by $6.2 million (net of a $2.7 million tax benefit) of business combinations and other special charges. When adjusting for these...

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