Business News
Wednesday 05. August 2009

MOD-PAC CORP. Reports Second Quarter 2009 Results

Custom Folding Carton Sales Increased 13.4% for the Quarter; Offsets Declines in Other Product Lines; Total Revenue up 1.3%; Operating Loss Mostly Related to Onetime Charges of $2.4 Million in the Second Quarter Related to Product Line Rationalization and Write-Down of Other Assets; Includes $2.2 Million Non-Cash Asset Impairment Charge; Expects $0.9 Million to $1.2 Million in Improved Annualized Operating Results from Rationalization Going Forward First Half Revenue up 4% over Prior Year
Wednesday 05. August 2009

Graphic Packaging Holding Company Reports Second Quarter 2009 Results

Second Quarter Highlights — Earnings per share were $0.06. Earnings include $55.3 million of alternative fuel tax credits, net of expenses and $40.5 million of one-time, non-recurring charges. — Adjusted EBITDA margin increased to 14.2% from 12.7% in the first quarter 2009 and 12.2% in the prior year quarter. — Reduced debt by $159.1 million during the quarter while maintaining strong cash position of $160.6 million.
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