Graphic Packaging Holding Company Reports First Quarter 2021 Results; Announces Intent to Acquire Americraft Carton, Inc.
Q1 2021 Highlights: *Net Sales were $1,649 million versus $1,599 million in the prior year quarter. *Net Organic Sales increased 2% in the quarter driven by sustainability-supported innovative packaging solutions. *Net Income was $54 million versus a loss of $13 million in the prior year quarter. *Earnings per Diluted Share were $0.19 versus a loss of $0.04 in the prior year quarter. *Acquired $400 million of International Paper's minority ownership interest in the partnership, reducing minority ownership stake to approximately 7%. *Announces intent to acquire Americraft Carton, Inc., a leading independent folding carton producer in North America, extending participation into new and existing end markets while continuing to increase paperboard integration rates.