Brief: Graphic Packaging Holding Reports Q4 Adj EPS Of $0.87

Quad/Graphics

28/01/2020 12:06

Jan 28 (Reuters) - Graphic Packaging Holding Co  GPK.N :
    * GRAPHIC PACKAGING HOLDING COMPANY REPORTS FOURTH QUARTER
AND
FULL YEAR 2019 RESULTS. 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 ADJUSTED EARNINGS PER SHARE $0.87
    * Q4 EARNINGS PER SHARE $0.70
    * Q4 SALES $6.16 BILLION VERSUS $6.029 BILLION
    * 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

Source text for Eikon:  ID:nPn9zwGJ3a 
Further company coverage:  GPK.N 

 (Reuters.Briefs@thomsonreuters.com)