- Graphic Packaging Holding (NYSE:GPK) reports sales growth of 3% in Q2, driven by $39.8M of higher pricing and $16.3M of improved volume/mix related to acquisitions.
- Adjusted EBITDA margin increased 160 bps to 17.2%.
- Operating margin rate improved 200 bps to 9.3%.
- Inventories, net rose 11.1% to $1.1B.
- The company returned $47M to stakeholders during the quarter through $18M of share repurchases, $22M of dividends and $6M of distributions to the GPIP Partner.
- The company to acquire Artistic Carton Company, which is expected to generate ~$10M in annualized EBITDA including anticipated synergies over the next 12-18 months. The transaction is expected to close in 3Q19.
- GPK +0.91% premarket.
- Previously: Graphic Packaging Holding EPS beats by $0.03, misses on revenue (July 23)
Improved margins for Graphic Packaging Holding in Q2
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Symbol | Last Price | % Chg |
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GPK | - | - |
Graphic Packaging Holding Company |