Industry News, Printers News

Graphic Packaging Reports 1Q 2016 Results

Q1 earnings per diluted share increased to $0.18 versus $0.17 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 2016 of $57.5 million, or $0.18 per share, based upon 324.2 million weighted average diluted shares. This compares to first quarter 2015 net income of $55.1 million, or $0.17 per share, based on 331.9 million weighted average diluted shares.   “We delivered a very solid first quarter,” said president and CEO Michael Doss. “Sales were up 2.6%, driven by both acquisitions and modest volume growth in our core legacy business....

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