Industry News, Printers News

Graphic Packaging Reports 2Q 2017 Results

Q2 net sales were $1,094.7 million versus $1,103.2 million in 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 2017 of $42.0 million, or $0.14 per share, based on 311.1 million weighted average diluted shares. This compares to second quarter 2016 net income of $77.8 million, or $0.24 per share, based on 322.5 million weighted average diluted shares.   Net sales decreased 0.8% to $1,094.7 million in the second quarter of 2017, compared to $1,103.2 million in the prior year period.   “Our second quarter adjusted EBITDA met our exp...

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