Graphic Packaging Holding Company recently reported net income for fourth quarter 2013 of $46.0 million, or $0.13 per share, based upon 344.8 million weighted average diluted shares. This compares to fourth quarter 2012 Net Income of $22.9 million, or $0.06 per share, based on 392.2 million weighted average diluted shares.
For the full year 2013, Net Income was $146.6 million, or $0.42 per diluted share, based on 349.7 million weighted average diluted shares. This compares to 2012 Net Income of $122.6 million or $0.31 per diluted share, based on 396.2 million weighted average diluted shares.
"We delivered a solid operating quarter driving year over year margins higher by delivering another $25 million through improved operating performance and an ongoing commitment to cost reduction initiatives," said CEO David Scheible. "The strong fourth quarter enabled us to achieve our targeted $100 million of performance improvements for the full year. Additionally, with improving revenue due to better pricing this quarter and market share gain, particularly in Europe, we have a nice backdrop for 2014."
