Brief: Graphic Packaging Holding Co Expect To Generate 100 To 200 Basis Points Of Sustainability Supported Net Organic Volume Growth In 2020

Quad/Graphics

28/01/2020 12:24

Jan 28 (Reuters) - Graphic Packaging Holding Co  GPK.N :
    * ANNOUNCES INITIAL $250 MILLION ACQUISITION OF
INTERNATIONAL
PAPER'S MINORITY OWNERSHIP INTEREST IN PARTNERSHIP, SETTLEMENT
OF APPROXIMATELY $900 MILLION IN U.S. PENSION P
    * Q4 REVENUE ESTIMATE $1.58 BILLION -- REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE ESTIMATE $0.23 -- REFINITIV IBES
DATA
    * TOOK A NON-CASH SETTLEMENT CHARGE OF $39.2 MILLION IN Q4
OF 2019
RELATED TO LUMP SUM PAYMENTS
    * GRAPHIC PACKAGING - ANTICIPATES TAKING NON-CASH SETTLEMENT
CHARGE OF ABOUT $150 MILLION IN Q1 RELATED TO TRANSFER OF
LIABILITY TO ANNUITY PROVIDER
    * ACQUIRING FOLDING CARTON FACILITY FROM QUAD/GRAPHICS, INC.
FOR
$40 MILLION
    * EXPECT TO GENERATE 100 TO 200 BASIS POINTS OF
SUSTAINABILITY
SUPPORTED NET ORGANIC VOLUME GROWTH IN 2020
    * Q4 ADJUSTED EARNINGS PER SHARE $0.23
    * Q4 EARNINGS PER SHARE $0.11 
    * Q4 SALES $1.52 BILLION VERSUS $1.51 BILLION
    * MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS. 

Source text for Eikon:  urn:newsml:reuters.com:*:nL8N29X40P
Further company coverage:  GPK.N 

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