Graphic Packaging Holding Company Reports First Quarter 2020 Results; Actively Keeping Employees Safe and Serving Customers in Current COVID-19 Environment; Accelerating Strategic Actions

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Go back to Graphic Packaging Holding Company Reports First Quarter 2020 Results; Actively Keeping Employees Safe and Serving Customers in Current COVID-19 Environment; Accelerating Strategic Actions

Graphic Packaging (GPK) Tops Q1 EPS by 6c, Revenues Beat

April 21, 2020 6:35 AM EDT

Graphic Packaging (NYSE: GPK) reported Q1 EPS of $0.31, $0.06 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.55 billion.

Q1 2020 Highlights

Net Sales were $1,599.1 million versus $1,505.9 million in the prior year period.Net Income was ($12.7) million versus $57.9 million in the prior year period; loss includes the previously announced net $89.7 million non-cash charge related to the settlement of a U.S. pension plan.Earnings per Diluted Share were ($0.04) versus $0.19 in the prior year... More