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April 27 , 2021 Graphic Packaging HOLDING COMPANY Graphic Packaging Holding Company Reports First Quarter 2021 Results ; Announces Intent to Acquire Americraft Carton , Inc. ATLANTA , April 27 , 2021 / PRNewswire / -- Graphic Packaging INTERNATIONAL Q1 2021 Highlights • Net Sales were $ 1,649 million versus $ 1,599 million in the prior year quarter . • Net Organic Sales increased 2 % in the quarter driven by sustainability - supported innovative packaging solutions . • • Net Income was $ 54 million versus a loss of $ 13 million in the prior year quarter . Earnings per Diluted Share were $ 0.19 versus a loss of $ 0.04 in the prior year quarter . • Adjusted Earnings per Diluted Share were $ 0.23 versus $ 0.31 in the prior year quarter . • Adjusted EBITDA was $ 240 million versus $ 295 million in the prior year quarter , negatively impacted by $ 29 million of Winter Storm Uri related costs and $ 34 million of commodity input cost inflation . • Strengthened balance sheet and interest rate profile by issuing $ 800 million of 0.8 % and 1.5 % senior secured notes and through retirement of $ 425 million in higher interest rate debt with Farm Credit System term loan . • Acquired $ 400 million of International Paper's minority ownership interest in the partnership , reducing minority ownership stake to approximately 7 % . • Global liquidity was $ 1,444 million at quarter end . • Announces intent to acquire Americraft Carton , Inc. , a leading independent folding carton producer in North America , extending participation into new and existing end markets while continuing to increase paperboard integration rates . Graphic Packaging Holding Company ( NYSE : GPK ) , ( the " Company " ) , a leading provider of sustainable packaging solutions to food , beverage , foodservice , and other consumer products companies , today reported Net Income for first quarter 2021 of $ 54 million , or $ 0.19 per share , based upon 277.2 million weighted average diluted shares . This compares to first quarter 2020 Net Loss of $ 13 million , or $ 0.04 per share , based upon 288.9 million weighted average diluted shares .