Graphic Packaging Holding Misses Where It Counts
Graphic Packaging Holding (NYS: GPK) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Graphic Packaging Holding met expectations on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue increased and GAAP earnings per share contracted significantly.
Gross margins expanded, operating margins dropped, net margins dropped.
Graphic Packaging Holding logged revenue of $1.07 billion. The seven analysts polled by S&P Capital IQ anticipated a top line of $1.07 billion on the same basis. GAAP reported sales were 6.7% higher than the prior-year quarter's $1.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.06. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.04 for Q1 were 50% lower than the prior-year quarter's $0.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.9%, 10 basis points better than the prior-year quarter. Operating margin was 6.9%, 10 basis points worse than the prior-year quarter. Net margin was 1.6%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $4.41 billion. The average EPS estimate is $0.35.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Graphic Packaging Holding is outperform, with an average price target of $6.20.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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