GPK - Graphic Packaging Holding higher on earnings topper

Graphic Packaging Holding (GPK) reports organic sales growth of 4.2% in Q3 vs. +3.5% year ago, driven by improved volume/mix, acquisitions and favorable foreign exchange.Adjusted EBITDA margin rate down 70 bps to 14.7%.The company returned $366.7M to stakeholders during the quarter through $89.9M in share repurchases and remaining in dividends, partnership distributions and redemptions.Global liquidity was $1.56B at quarter end.Michael Doss, the Company's President and CEO said, "We continue to deliver excellent results in 2020 consistent with our Vision 2025 goals and we are capturing organic sales growth as we answer the call from consumers for more sustainable packaging solutions. Net organic sales growth accelerated on a sequential basis to over 4% in the third quarter. Our business pipeline remains robust and we are uniquely positioned to capture growth with our innovative fiber-based packaging solutions."Shares up 3.4% premarket.Previously: Graphic Packaging Holding EPS beats by $0.04, beats on revenue (Oct. 20)

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Graphic Packaging Holding higher on earnings topper