Graphic Packaging Holding
The 10-second takeaway
For the quarter ended June 30 (Q2), Graphic Packaging Holding met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share improved significantly.
Margins increased across the board.
Graphic Packaging Holding chalked up revenue of $1.11 billion. The seven analysts polled by S&P Capital IQ expected a top line of $1.13 billion on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $1.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The seven earnings estimates compiled by S&P Capital IQ averaged $0.09 per share. GAAP EPS of $0.11 for Q2 were 38% higher than the prior-year quarter's $0.08 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 17.7%, 240 basis points better than the prior-year quarter. Operating margin was 9.2%, 210 basis points better than the prior-year quarter. Net margin was 3.8%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $4.42 billion. The average EPS estimate is $0.33.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Graphic Packaging Holding is outperform, with an average price target of $6.23.
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