Graphic Packaging Holding
The 10-second takeaway
For the quarter ended March 31 (Q1), Graphic Packaging Holding missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased significantly.
Margins grew across the board.
Graphic Packaging Holding booked revenue of $1.10 billion. The seven analysts polled by S&P Capital IQ predicted a top line of $1.13 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.10. The eight earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS of $0.10 for Q1 were 150% higher than the prior-year quarter's $0.04 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 16.6%, 70 basis points better than the prior-year quarter. Operating margin was 7.9%, 90 basis points better than the prior-year quarter. Net margin was 3.2%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.18 billion. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $4.62 billion. The average EPS estimate is $0.50.
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 $8.29.
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