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Company’s Q2 net income increased to $77.8 million versus $57.6 million in the prior year period.
July 26, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Graphic Packaging Holding Company reported net income for second quarter 2016 of $77.8 million, or $0.24 per share, based upon 322.5 million weighted average diluted shares. This compares to second quarter 2015 net income of $57.6 million, or $0.17 per share, based on 330.9 million weighted average diluted shares. Second quarter 2016 net income was positively impacted by a discrete tax benefit of $22.4 million which was partially offset by $4.7 million (net of a $2.4 million tax benefit) of ...
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