Graphic Packaging (GPK) Reports In-Line Q4 EPS, Revenues Miss

Graphic Packaging (NYSE: GPK) reported Q4 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.58 billion.

Michael Doss, the Company's President and CEO said, "We are very pleased with our performance and execution in 2019, as well as the positive momentum we have entering 2020. In 2019, we continued to build on our paperboard packaging leadership position by investing in our operations and in our people, successfully executing strategic M&A, capturing performance gains and setting the stage for net organic volume growth. Full year 2019 Adjusted EBITDA increased 6.1% to $1.03 billion, driven primarily by pricing actions and our performance initiatives. We expect to generate 100 to 200 basis points of sustainability supported net organic volume growth in 2020, driven by conversion of new and existing customers to our paperboard packaging solutions. Graphic Packaging is well-positioned to achieve another year of improved profitability and growth."

For earnings history and earnings-related data on Graphic Packaging (GPK) click here.

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