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Net organic sales increased 2% in the quarter, driven by sustainability-supported innovative packaging solutions.
April 30, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Graphic Packaging Holding Company (GPK) reported positive results in the first quarter of 2021, with a net income of $54 million, or $0.19 per share, compared to first quarter 2020 net loss of $13 million, or $0.04 per share. Net sales and EBITDA were also higher. Net sales were also up, rising 3% to $1,649 million in the first quarter of 2020, driven by $33 million of improved volume/mix related to organic growth from conversions to fiber-based packaging solutions and acquisitions. EBITDA...
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