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David scheible graphic packaging11/8/2023 ![]() ![]() Our investment back in the business is a key driver, which allows us to deliver ongoing performance improvement results. This has been our capital investment strategy continues to be the position of the company long-term and we executed on all three areas in this quarter. Our three strategic investment priorities are simple first, we invest in our core business to support growth from lower costs second, we make strategic acquisitions for growth and channel expansion and finally, we returned excess capital to shareholders. Third quarter was another example of how we execute our strategy to drive top and bottom line growth. We improved our operating performance through investments back in the business and overcame continued currency headwinds and soft demand in some of our key end-markets. Europe continues to be a positive for us. The macro trends this quarter were similar to what we’ve seen for the past several quarters. Adjusted EBITDA increased 3.4% to $197 million and adjusted EBITDA margins increased 18.4%. Sales increased roughly 2% in the quarter and were driven by acquisitions, new product launches and some sub-straight substitution into our products.ĮBITDA and margins grew in the quarter driven by asset optimization, acquisition integration, performance improvements in both carton and mill operations. We produced nearly 10,000 more tons of paperboard in our US mills and we sold those tons to our global packaging network. We continue to execute well and deliver against our commitments in what remains a challenging consumer environment. ![]() We had another solid quarter as adjusted earnings per share increased 17% to $0.20 per share. Undue reliance should not be placed on forward-looking statements as such statements speak only as of the date on which they're made, and the company undertakes no obligation to update such statements. Information regarding these risks and uncertainties is contained in the company's periodic filings with the Securities and Exchange Commission. 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. I would like to remind everyone, the statements of our expectations, plans, estimates and beliefs regarding future performance and events constitute forward-looking statements. To help you follow along with today's call, we have provided a slide presentation, which can be accessed by clicking on the Webcasts and Presentations link at our website, which is. Commenting on results this morning are David Scheible, our Chairman and CEO Mike Doss, our President and Chief Operating Officer and Steve Scherger, Senior Vice President and CFO. Thanks, Ian, and good morning, and welcome everybody to the Graphic Packaging third quarter 2015 earnings call. Brad Ankerholz, Treasurer, you may begin your conference. ![]() After the speakers' remarks, there will be a question-and-answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to the Graphic Packaging Third Quarter 2015 Earnings Conference Call. My name is Ian, and I will be your conference operator today. Graphic Packaging Holding Company ( NYSE: GPK) Q3 2015 Earnings Conference Call Octo10:00 AM ET
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