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Net sales were $2,438 million, an increase of 9% versus the prior year quarter.
May 3, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Graphic Packaging Holding Company reported results for the first quarter of 2023. Net sales increased 9% to $2,438 million in the first quarter of 2023, compared to $2,245 million in the prior year period. The $193 million increase was driven by $236 million of positive pricing, partially offset by $4 million of unfavorable volume/mix and $39 million of foreign exchange impact. EBITDA for the first quarter of 2023 was $469 million, $134 million higher than the first quarter of 2022. After ...
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