Graphic Packaging (GPK) Tops Q2 EPS by 10c
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Graphic Packaging Holding Company Reports Second Quarter 2022 Results; Progress Toward Enhanced and Stronger Vision 2025 Goals Continues
July 26, 2022 6:30 AM EDTFinancial Results
Net Sales were $2,358 million versus $1,737 million in the prior year quarter.Net Organic Sales increased 3% in the quarter driven by global demand for sustainability-supported, innovative consumer packaging solutions.Net Income was $66 million versus $38 million in the prior year quarter.Adjusted EBITDA was $396 million versus $248 million in the prior year quarter, driven by $93 million of positive price-cost relationship, $81 million of volume/mix and $16 million of net performance.Earnings per Diluted Share were $0.21 versus $0.13 in the prior year quarter.Adjusted Earnings per Diluted Share (excluding amortization of... More