Industry News

Graphic Packaging Holding Company Reports 2Q 2013 Results

Net sales increased 2.5 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 second quarter 2013 of $21.2 million, or $0.06 per share, based upon 351.5 million weighted average diluted shares. This compares to second quarter 2012 net income of $42.4 million, or $0.11 per share, based on 397.8 million weighted average diluted shares. Adjusted net income for the second quarter of 2013 was $44.1 million, or $0.13 per diluted share, when adjusted for a $16.0 million loss on modification or extinguishment of debt (n...

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