Graphic Packaging Q2 2020 Earnings Report
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.
Graphic Packaging
Graphic Packaging
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.