News Details

亚特兰大，2019年7月23日 /美通社 / -

Highlights

• 第二季度的净销售额为15.528亿美元，在上一年期间为15.1亿美元。
• 在上一年期间，每股销售股的第二季度收益为0.22美元，$ 0.16。
• Q2调整后的每股收益为0.24美元，而上一年期间为0.18美元。
• 第二季度的净收入为6380万美元，在上一年期间为4,940万美元。
• 第2季度调整后的EBITDA在上一年期间为2.671亿美元对2.358亿美元。
• Returned $47 million to stakeholders in Q2 through $18 million of share repurchases, $22 million of dividends, and $6 million of distributions to the GPIP Partner.
• 达成了收购Artistic Carton Company的协议，该公司是折叠纸箱和涂层回收纸板（CRB）的多元化生产商。

图形包装控股公司（NYSE：GPK），（“公司”）是针对食品，饮料，食品服务和其他消费产品公司的包装解决方案的领先提供商每股，基于2.957亿加权平均稀释股份。相比之下，2018年第二季度净收入为4,940万美元，即每股0.16美元，基于3.113亿股平均稀释股。

Second quarter 2019 Net Income was impacted by a net $5.8 million of special charges that are detailed in the Reconciliation of Non-GAAP Financial Measures table attached. When adjusting for these charges, Adjusted Net Income for the second quarter of 2019 was $69.6 million, or $0.24 per diluted share. This compares to second quarter 2018 Adjusted Net Income of $54.5 million or $0.18 per diluted share.

“我们在第二季度报告了强劲的结果，因为我们的调整后的EBITDA利润率同比增加160个基点，达到17.2％。第二季度调整后的EBITDA为2.67亿美元，提前了我们的预期，这是由于对定价，绩效，增长计划的强劲执行，和协同作用。“在本季度，定价提高了4000万美元，反映了我们的定价计划的好处。重要的是，我们对商品投入成本关系的定价在本季度为2600万美元，在2019年上半年为4100万美元。我们很高兴增加我们的2019年调整后的EBITDA指南以反映持续强大的执行力和对商品投入成本关系的更优惠的定价。此外，我们的商业团队在客户谈判中已经成功，以将我们的定价滞后滞后降低到6个月，而不是以前的8个月。减少是一个重要的里程碑，因为它提供了机会，平均每年调整两次定价，以更好地反映市场状况。总的来说，我们在本季度运作良好，产生了2200万美元的绩效提高，这是由于持续强调成本效率的持续强调，从资本项目中受益，并实现协同作用。”

收购艺术纸箱公司

Graphic Packaging Holding Company also announced today that it has reached an agreement to acquire substantially all the assets of Artistic Carton Company through a subsidiary, subject to standard closing conditions. The business includes one coated recycled paperboard (CRB) mill located in White Pigeon, Michigan with annual production capacity of approximately 70,000 tons and two converting facilities located in Auburn, IN and Elgin, IL. The business generated $63 million in revenue during the twelve months ended June 30, 2019. The business is expected to generate approximately $10 million in annualized EBITDA including anticipated synergies over the next 12-18 months. The transaction is expected to close in the third quarter of 2019.

"We are pleased to announce the acquisition of Artistic Carton as it will provide compelling optimization and growth opportunities for our paperboard mill and converting platforms in North America" said President and CEO Michael Doss. "The acquisition will drive converting end-market diversification, enhance our converting platform, and we expect will allow us to deliver significant synergies driven by paperboard integration, mill and converting manufacturing optimization, and supply chain efficiencies."

Second Quarter 2019 Operating Results

净销售

净销售increased 3% to $1,552.8 million in the second quarter of 2019, compared to $1,510.9 million in the prior year period. The $41.9 million increase was driven by $39.8 million of higher pricing and $16.3 million of improved volume/mix related to acquisitions. These benefits were partially offset by $14.2 million of unfavorable foreign exchange.

Attached is supplemental data highlighting Net Tons Sold for the first and second quarters of 2019 and 2018.

EBITDA

EBITDAfor the second quarter of 2019 was $257.2 million, or $30.0 million higher than the second quarter of 2018. After adjusting both periods for business combinations and other special charges, Adjusted EBITDA increased $31.3 million to $267.1 million in the second quarter of 2019 from $235.8 million in the second quarter of 2018. When comparing against the prior year quarter, Adjusted EBITDA in the second quarter of 2019 was positively impacted by $39.8 million of higher pricing and $22.1 million of improved net operating performance. These benefits were partially offset by $14.2 million of commodity input cost inflation (primarily wood), $12.3 million of other inflation (primarily labor and benefits), $3.0 million of unfavorable foreign exchange, and $1.1 million of unfavorable volume/mix.

Other Results

与2019年第一季度相比，2019年第二季度的总债务（长期，短期和当前部分）在2019年第二季度下降了1.181亿美元，至3,0.706亿美元。在2019年第二季度，与2019年第一季度相比，2019年的百万美元在30090万美元中。该公司第二季度Pro Forma净杠杆比率为2.91倍调整后的EBITDA倍，而2019年第一季度末则为3.13倍。

在2019年6月30日，该公司的流动性为14.558亿美元，其中包括其全球循环信贷额度下的无效供应。

净利息费用在2019年第二季度为3550万美元，而2018年第二季度报告的30030万美元，主要反映了平均借贷利率的较高。

Capital expenditures for the second quarter of 2019 were $78.3 million compared to $81.3 million in the second quarter of 2018.

Second quarter 2019 Income Tax Expense was $23.0 million, compared to a $18.5 million expense in the second quarter of 2018.

请注意，EBITDA，调整后的EBITDA，调整后的EBITDA保证金，调整后的净收入，调整后的EPS，经营活动提供的调整净现金，调整后的现金流量，总净债务和Pro Forma净杠杆比率附在此版本中。

收入电话

该公司将在今天（2019年7月23日）东部时间上午10:00举办电话会议，以讨论2019年第二季度的结果。要访问电话会议，请访问图形包装网站的投资者关系部分：//www.murakamikouichi.com然后单击音频网络广播链接。对于从北美境内打电话的人，至少在电话会议开始前10分钟拨打800-392-9489（会议ID＃1586689）。我们的电话会议的支持材料也已发布到网站上。通话完成后，通话的重播将在通话完成后一周可用，可以通过拨打855-859-2056访问。

前瞻性语句

Any statements of the Company's expectations in this press release, including but not limited to the expected closing of and EBITDA from the Artistic Carton Company acquisition, constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's present expectations. These risks and uncertainties include, but are not limited to, inflation of and volatility in raw material and energy costs, continuing pressure for lower cost products, the Company's ability to implement its business strategies, including productivity initiatives, cost reduction plans, and integration activities, as well as the Company's debt level, currency movements and other risks of conducting business internationally, the impact of regulatory and litigation matters, including the continued availability of the Company's net operating loss offset to taxable income. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements, except as required by law. Additional information regarding these and other risks is contained in the Company's periodic filings with the SEC.

关于图形包装控股公司

总部位于佐治亚州亚特兰大的Graphic Packaging Holding Company（NYSE：GPK）致力于为消费者包装提供与众不同的世界。该公司是针对食品，饮料，食品服务和其他消费产品公司的各种产品的纸包装解决方案的领先提供商。该公司在全球范围内运营，是美国最大的折叠纸箱和纸餐饮产品的生产商之一，并在涂层的可回收纸板，涂层的未漂白牛皮纸纸板和固体漂白的硫酸盐纸板中保持领先的市场位置。该公司的客户包括世界上许多最广泛认可的公司和品牌。有关图形包装，其业务及其产品的其他信息可在公司的网站上获得www.murakamikouichi.com。

图形包装控股公司
非GAAP财务措施的对帐

下表列出了公司收益在利息费用，所得税费用，未经合并实体的股权收入，折旧和摊销的计算，包括养老金摊销（“ EBITDA”），调整后的EBITDA，调整后的EBITDA MARGIN，调整后的净收入，调整后调整，调整后调整，调整后每股收益，经营活动提供的调整净现金，调整后的现金流量，净杠杆比率和净债务总额。调整后的EBITDA和调整后的净收入不包括与以下相关的费用（收入）：公司的业务组合，设施关闭，扩展工厂中断，资产出售和其他特别费用。该公司的管理层认为，EBITDA，调整后的EBITDA，调整后的净收入，调整后的每股收益，经营活动提供的调整现金，调整后的现金流量和净杠杆比率为投资者提供有用信息，因为这些措施是由这些措施定期使用的，万博水晶宫管理评估公司绩效的管理。EBITDA，调整后的EBITDA，调整后的净收入，调整后的每股收益，经营活动提供的调整现金，调整后的现金流量和净杠杆比率是未根据美国公认的会计原则计算的财务指标（“ GAAP”（“ GAAP”）），不是根据GAAP提出的净收入，运营收入，运营绩效或流动性的衡量标准。

EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio should be considered in addition to results prepared in accordance with GAAP, but should not be considered substitutes for or superior to GAAP results. In addition, our EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio may not be comparable to Adjusted EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate such measures in the same manner as we do.

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来源图形包装控股公司