Graphic Packaging: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 04:48 PM ET
Last Updated - Feb 20, 2024, 04:48 PM EST
ATLANTA (AP) — ATLANTA (AP) — Graphic Packaging Holding Co. (GPK) on Tuesday reported fourth-quarter net income of $196 million.
On a per-share basis, the Atlanta-based company said it had net income of 64 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 75 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The packaging company posted revenue of $2.25 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.42 billion.
