Research Desk Line-up: Greif Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Graphic Packaging Holding Co. (NYSE: GPK). The Company announced on June 13, 2017, that its wholly owned subsidiary, Graphic Packaging International, Inc., has agreed to acquire substantially all the assets of Carton Craft Corporation and its affiliate Lithocraft, Inc. Carton Craft operates two converting plants in New Albany, Indiana, where it focused on the production of paperboard based air filter frames and folding cartons. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Packaging & Containers industry. Pro-TD has currently selected Greif, Inc. (NYSE: GEF) for due-diligence and potential coverage as the Company announced on June 07, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Greif when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GPK; also brushing on GEF. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=GPK

http://protraderdaily.com/optin/?symbol=GEF

The Announcement

This agreement is viewed by Graphic Packaging as a step to access growing markets and initiate the converting plant integration levels, according to acquisition-based growth strategy. The combined businesses, i.e. Carton Craft and Lithocraft, generated revenues of about $70 million, and strong converting EBITDA margins on an LTM basis. The acquisition is a synergic step for both Graphic Packaging and Carton Craft to drive the integration of additional CUK paperboard tons and cost efficiencies. On a post-synergy basis, the EV/EBITDA multiple for the transaction is expected to be less than 6.0X.

The Company

Graphic Packaging International, formerly known as Riverwood International Corp., changed its name in 2002. Headquartered in Atlanta Georgia, the Company has locations and operations in North America, Latin America, Asia/Pacific, Australia, and Europe. In Europe, the Company has headquarters at Brussels and operates from eleven converting sites and strategic offices across Europe.

Graphic Packaging International, Japan, serves the Asia/Pacific regions, and through the Reno Riverwood Joint Venture, the Company has developed a strong presence in the beverage market, in the area.

In the Latin America market, the Company has been present since 1994 and has converting facilities located in Mexico and Brazil. Graphic Packaging International is the North American leader for paperboard and folding cartons, and it currently operates 7 paperboard mills and about 30 converting plants to serve carton customers. In Latin America, the Company has executed an integrated approach which has allowed it to introduce a range of innovative solutions.

  1. Premium beverage multipacks, using metalized board and embossing effects.
  2. Inside printing of unique random codes, used for promotional activities.
  3. Paperboard packaging solutions for frozen foods.

Growth Prospects

Graphic Packaging International announced on June 08, 2016, an agreement with Merrimak Capital Company, a certified Woman-owned business, for its material handling equipment leases. Merrimak is a leading full-service equipment management Company and equipment lessor delivering global solutions. It delivers fleet management, custom asset tracking, and asset recovery services, where the Company views this acquisition as a step to ensure transparency, savings and inn SSScreased equipment availability, within the fleet.

The Company leveraged Merrimak to manage its Material Handling Equipment Leases, and moving forward with the program active leases were purchased and incorporated into the new platform to drive innovation and deliver tangible cost savings. Prior to the announcement, on March 29, 2016, the Company acquired Metro Packaging and Imaging, Inc., a printed folding producer primarily servicing the food and away-from-home end markets through a strong sheetfed and web press capabilities.

Dividend Update

On May 24, 2017, the Company announced that it has declared a quarterly dividend of $0.075 per share, payable on July 5, 2017, to shareholders of record at the close of business on June 15, 2017.

Last Close Stock Review

At the closing bell, on Wednesday, June 14, 2017, Graphic Packaging's stock marginally fell by 0.30%, ending the trading session at $13.08. A total volume of 3.48 million shares were traded at the end of the day. In the past six months and previous twelve months, shares of the Company have advanced 0.69% and 2.75%, respectively. Moreover, the stock gained 4.81% since the start of the year. Shares of the Company have a PE ratio of 20.15 and have a dividend yield of 2.29%. The stock currently has a market cap of $4.16 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily