Graphic Packaging (GPK) Misses Q1 EPS by 2c, to acquire Americraft Carton

Graphic Packaging (NYSE: GPK) reported Q1 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.66 billion.

Americraft Carton, Inc. Acquisition

The Company intends to acquire Americraft Carton, Inc. for approximately $280 million. The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and significant opportunities for paperboard integration upon completion. Synergies are expected to contribute an additional $10 million of Adjusted EBITDA within 24 months of closing. The transaction includes seven well-capitalized converting facilities and an outstanding team of dedicated employees.

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

You May Also Be Interested In

• Ridgepost Capital acquires Stellus Capital Management for $4B AUM
• Virginia approves American Water and Essential Utilities merger
• Pluri receives $1.25M advance from chairman-owned entity