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Shares of Mattel, Inc. (NASDAQ:MAT) ended Wednesday session in red amid volatile trading. The shares closed down -0.13 points or -0.42% at $30.90 with 2.75 million shares getting traded. Post opening the session at $31.08, the shares hit an intraday low of $30.74 and an intraday high of $31.28 and the price vacillated in this range throughout the day. The company has a market cap of $10.40 billion and the numbers of outstanding shares have been calculated to be 342.05 million shares.

Mattel Inc. (MAT) announced that its Board of Directors declared a 2016 fourth quarter cash dividend of $0.38 per share, which is flat contrast to the fourth quarter of 2015. The dividend will be payable on December 9, 2016 to stockholders of record on November 22, 2016.

Shares of Graphic Packaging Holding Company (NYSE:GPK) ended Wednesday session in red amid volatile trading. The shares closed down -0.13 points or -1.03% at $12.51 with 3.83 million shares getting traded. Post opening the session at $12.61, the shares hit an intraday low of $12.47 and an intraday high of $12.64 and the price vacillated in this range throughout the day. The company has a market cap of $4.02 billion and the numbers of outstanding shares have been calculated to be 317.57 million shares.

Graphic Packaging Holding Company (GPK) recently stated Net Income for third quarter 2016 of $57.8 million, or $0.18 per share, based upon 320.4 million weighted average diluted shares. This compares to third quarter 2015 Net Income of $60.2 million, or $0.18 per share, based on 330.4 million weighted average diluted shares.

Third quarter 2016 Net Income was negatively influenced by $6.2 million (net of a $2.7 million tax benefit) of business combinations and other special charges. When adjusting for these charges, Adjusted Net Income for the third quarter of 2016 was $64.0 million, or $0.20 per diluted share. This compares to third quarter 2015 Adjusted Net Income of $66.0 million or $0.20 per diluted share.

“Our third quarter Adjusted EBITDA was only modestly above the prior year period as packaged food volume softened during the quarter and we incurred operating costs associated with transferring volume to lower cost converting facilities and on-boarding new business,” said President and CEO Michael Doss. “Net sales were up 3.1% driven by acquisitions, while volume in our core business was down 1.4% driven by packaged food softness. Adjusted EBITDA was $200.1 million, up 1.5% contrast to the prior year period of $197.1 million.”

 

 

 

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