Industry News, Mergers and Acquisitions, Printers News

Graphic Packaging Reports 2Q 2019 Results

Reached agreement to acquire Artistic Carton Company, a diversified producer of folding cartons and coated recycled paperboard.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company reported net income for second quarter 2019 of $63.8 million, or $0.22 per share, based upon 295.7 million weighted average diluted shares. This compares to second quarter 2018 net income of $49.4 million, or $0.16 per share, based on 311.3 million weighted average diluted shares.   Net sales increased 3% to $1,552.8 million in the second quarter of 2019, compared to $1,510.9 million in the prior year period. The $41.9 million increase was driven by $39.8 millio...

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