Industry News, Printers News

Graphic Packaging Reports 3Q 2014 Results

Q3 net sales increased $49.3 million or 4.9 percent, to $1.05 billion after adjusting for the impact of divested businesses

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company reported net income for third quarter 2014 of $53.0 million, or $0.16 per share, based upon 330.6 million weighted average diluted shares. This compares to third quarter 2013 net income of $44.5 million, or $0.13 per share, based on 352.2 million weighted average diluted shares.   “We reported a record adjusted EBITDA margin this quarter of just over 18%,” said CEO David Scheible. “This represented a three percentage point increase over the third quarter last ...

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