Graphic Packaging Holding Company Reports Second Quarter 2020 Results; Reinstates Adjusted EBITDA and Cash Flow Guidance for Full Year 2020

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Graphic Packaging (GPK) Tops Q2 EPS by 7c, Revenues Beat

July 21, 2020 6:33 AM EDT

Graphic Packaging (NYSE: GPK) reported Q2 EPS of $0.26, $0.07 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.58 billion.

Q2 2020 Highlights

Net Sales were $1,611.0 million versus $1,552.8 million in the prior year period.Net Income was $52.1 million versus $63.8 million in the prior year period.Earnings per Diluted Share were $0.19 versus $0.22 in the prior year period.Adjusted Earnings per Diluted Share were $0.26 versus $0.24 in the prior year period.Adjusted EBITDA was $260.0 million versus $267.1 million... More