Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2015 Results

Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2015 Results
Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2015 Results

Including the tax impact, fourth quarter 2015 Net Income was negatively impacted by $5.8 million of special charges (primarily Charges Associated with Business Combinations). When adjusting for these charges, Adjusted Net Income for the fourth quarter of 2015 was $63.0 million, or $0.19 per diluted share. This compares to fourth quarter 2014 Adjusted Net Income of $70.1 million or $0.21 per diluted share.  The decline versus the prior year was driven by non-recurring tax benefits in Q4 2014.

 

For the full year 2015, Net Income was $230.1 million, or $0.70 per share, based on 330.7 million weighted average diluted shares.  This compares to 2014 Net Income of $89.7 million, or $0.27 per share, based on 330.5 million weighted average diluted shares.  Including the tax impact, full year 2015 Net Income was negatively impacted by $16.9 million of special charges (primarily Charges Associated with Business Combinations).  When adjusting for these charges, 2015 Adjusted Net Income was $247.0 million, or $0.75 per diluted share, compared to full year 2014 Adjusted Net Income of $238.1 million, or $0.72 per diluted share.

 

"We delivered a very strong quarter in the face of difficult markets and foreign exchange headwinds," said President and CEO Michael Doss. "Sales increased 2.4% and we continue to gain share in many of our markets.  Strong performance drove Adjusted EBITDA Margin higher by 40 basis points to 17.6%.  We continued to execute on our operating improvement programs across the organization, achieving $74 million of performance improvements in 2015."

 

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Source: http://investors.graphicpkg.com/