Graphic Packaging (GPK) Misses Q2 EPS by 1c

Graphic Packaging (NYSE: GPK) reported Q2 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.55 billion.

Highlights

• Q2 Net Sales were $1,509.3 million versus $1,094.7 million in the prior year period.
• Q2 Earnings per Diluted Share were $0.16 versus $0.14 in the prior year period.
• Q2 Adjusted Earnings per Diluted Share were $0.18 versus $0.15 in the prior year period.
• Q2 Net Income was $49.4 million versus $42.0 million in the prior year period.
• Q2 Adjusted EBITDA was $235.8 million versus $170.6 million in the prior year period.
• Integration of the SBS mill and foodservice converting assets remains on track; executing on targeted $75 million of synergies that are expected to be achieved by the end of year three.
• Completed acquisition of PFP, LLC on June 12, 2018; expanding position in the growing paperboard-based air filter frame market.

For earnings history and earnings-related data on Graphic Packaging (GPK) click here.

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