Graphic Packaging Holding
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Graphic Packaging Holding met expectations on revenues and whiffed on earnings per share.
Compared with the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded significantly.
Margins improved across the board.
Graphic Packaging Holding reported revenue of $1.07 billion. The six analysts polled by S&P Capital IQ predicted revenue of $1.09 billion on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $1.01 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.09. The six earnings estimates compiled by S&P Capital IQ anticipated $0.11 per share on the same basis. GAAP EPS of $0.67 for Q3 were much higher than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.2%, 100 basis points better than the prior-year quarter. Operating margin was 6.9%, 70 basis points better than the prior-year quarter. Net margin was 25.3%, 2,340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.03 billion. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $4.19 billion. The average EPS estimate is $0.31.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Graphic Packaging Holding is buy, with an average price target of $5.73.
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