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Jun 30, 2020
Graphic Packaging Q2 2020 Earnings Report
Reported second quarter 2020 results and reinstated adjusted EBITDA and cash flow guidance for full year 2020.
Key Takeaways
Graphic Packaging Holding Company reported excellent performance in the second quarter of 2020, with net sales increasing by 4% year over year, driven by acquisitions and net organic sales growth. The company adapted to changing demand patterns resulting from the global COVID-19 pandemic and remains committed to achieving its long-term goals.
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.
Adjusted Earnings per Diluted Share were $0.26 versus $0.24 in the prior year period.
Reinstating guidance for Full Year 2020 with Adjusted EBITDA range of $1.05 billion to $1.09 billion; Adjusted Cash Flow range of $200 million to $275 million.
Forward Guidance
The company reinstated its full year 2020 guidance, with an Adjusted EBITDA range of $1.05 billion to $1.09 billion and an Adjusted Cash Flow range of $200 million to $275 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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