Industry News, Printers News

Graphic Packaging Reports 2Q 2020 Results

Net sales increased 4% to $1.611 billion versus $1.552.8 billion 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 2020 of $52.1 million, or $0.19 per share, based upon 280.5 million weighted average diluted shares. This compares to second quarter 2019 net income of $63.8 million, or $0.22 per share, based upon 295.7 million weighted average diluted shares.   “We delivered excellent performance in the second quarter as the company adapted to changing demand patterns resulting from the global COVID-19 pandemic. Sales improved 4...

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