Graphic Packaging Holding Company (NYSE:GPK) unveiled its third quarter earnings results on Tuesday 20th October 2020 before market open.
Graphic Packaging Holding Company unveiled quarterly income of $ 0.23 per share, from the revenue of $ 1,697.70 million. On adjusted basis, the firm reported income for the quarter of $ 0.26 per share.
The consensus estimate are $ 0.22 income per share from revenues of $ 1642.64 million.
The third quarter financial report outlined, earnings beat street analysts by $ 0.04 or 18.18 percent, where as revenues outshined analysts estimates by $ 55.06 million or 3.35 percent.
On the other hand, The quarterly earnings escalated 27.78 percent compared with the same quarter last year, at the same time revenues increased 7.34 percent versus third quarter of last year.
Michael Doss, President and CEO said, We continue to deliver excellent results in 2020 consistent with our Vision 2025 goals and we are capturing organic sales growth as we answer the call from consumers for more sustainable packaging solutions. Net organic sales growth accelerated on a sequential basis to over 4 percent in the third quarter. Our business pipeline remains robust and we are uniquely positioned to capture growth with our innovative fiber-based packaging solutions.
