Graphic Packaging Holding Company (GPK) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.18. The company posted revenue of $1034.00 million in the period, compared to analysts expectations of $1046.80 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Graphic Packaging Holding Company opened for trading at $13.32 and hit $13.705 on the upside on Friday, eventually ending the session at $13.66, with a gain of 2.78% or 0.37 points. The heightened volatility saw the trading volume jump to 30,43,803 shares. Company has a market cap of $4,412 M.
In a different news, on Mar 21, 2016, David W Scheible (Chairman) sold 200,000 shares at $12.67 per share price. According to the SEC, on Mar 18, 2016, G Andrea Botta (director) sold 20,000 shares at $12.96 per share price. On Dec 16, 2015, Harold R Jr Logan (director) sold 9,000 shares at $12.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food beverage and other consumer products companies. The Company operates in four geographic areas which includes the United States/Canada Central/South America Europe and Asia Pacific. The Company’s paperboard packaging includes the design manufacture and installation of packaging machinery related to the assembly of cartons as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated coated and printed packaging structures that are produced from its coated unbleached kraft (CUK) coated-recycled board (CRB) as well as other grades of paperboard that are purchased from third-party suppliers.