Industry News, Printers News

Graphic Packaging Reports 1Q 2020 Results

Graphic Packaging began integration of a converting facility acquired from Quad/Graphics and seven converting facilities acquired from Greif.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company reported a net loss for first quarter 2020 of $12.7 million, or a net loss per share of $0.04, based upon 288.9 million weighted average diluted shares. This compares to first quarter 2019 net income of $57.9 million, or $0.19 per share, based upon 298.2 million weighted average diluted shares.   Net sales increased by 6.2% to $1,599.1 million in the first quarter of 2020, compared to $1,505.9 million in the prior year period. The $93.2 million increase was ...

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