Industry News, Printers News

Graphic Packaging Holding Company Reports 1Q 2017 Results

Q1 net sales increased to $1,061.5 million versus $1,034.0 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 2017 of $37.0 million, or $0.12 per share, based on 314.1 million weighted average diluted shares. This compares to first quarter 2016 net income of $57.5 million, or $0.18 per share, based on 324.2 million weighted average diluted shares.   First quarter 2017 net Income was negatively impacted by $5.7 million (net of a $2.9 million tax benefit) of business combinations and other special charges.   Net sales increased 2....

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