Graphic Packaging (GPK) Tops Q1 EPS by 13c
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Graphic Packaging Holding Company Reports Strong First Quarter 2022 Results: Delivers Organic Sales Growth, Margin Expansion and Significant Increase in EBITDA Year over Year
April 26, 2022 6:30 AM EDTQ1 2022 Highlights
Net Sales were $2,245 million versus $1,649 million in the prior year quarter.Net Organic Sales increased 3% versus the prior year quarter driven by increased demand for innovative fiber-based packaging solutions and expansion into new market segments and geographies.Net Income was $107 million versus $54 million in the prior year quarter.Adjusted EBITDA was $350 million versus $240 million in the prior year quarter.Earnings per Diluted Share were $0.35 versus $0.19 in the prior year quarter.Adjusted Earnings per Diluted Share (excluding amortization of purchased intangibles) were $0.48 versus $0.27 in the... More