Graphic Packaging Holding Co. Reports Q4 Earnings Miss
Atlanta, Georgia - Graphic Packaging Holding Co. (GPK) announced fourth-quarter net income of $138 million, translating to earnings per share of 46 cents. Adjusted for non-recurring items, earnings per share reached 59 cents, below analysts' consensus estimate of 63 cents.
The packaging giant's revenue for the quarter totaled $2.1 billion, also falling short of Street expectations of $2.18 billion.
For the full year, GPK reported net income of $658 million, or $2.16 per share, on revenue of $8.81 billion.
Looking ahead, the company projects full-year earnings in the range of $2.48 to $2.73 per share.