Shares of Delphi Automotive PLC (NYSE:DLPH) ended Wednesday session in green amid volatile trading. The shares closed up +0.67 points or 0.97% at $1.92 with 1.92 million shares getting traded. Post opening the session at $69.42, the shares hit an intraday low of $68.63 and an intraday high of $69.80 and the price vacillated in this range throughout the day. The company has a market cap of $18.77 billion and the numbers of outstanding shares have been calculated to be 272.76 million shares.
Delphi Automotive PLC (DLPH) on Sept. 15, 2016 announced it priced $300 million aggregate principal amount of its 4.400% Senior Notes due 2046 (the “Notes”).
The Notes will be issued at a price of 99.454% of their principal amount. Proceeds from the Notes, together with the proceeds from Delphi’s previously announced offering of €500 million 1.600% Senior Notes due 2028, will be used to repay its existing $800 million 5.00% Senior Notes due 2023 (the “2023 Notes”).
Shares of Graphic Packaging Holding Company (NYSE:GPK) ended Wednesday session in green amid volatile trading. The shares closed up +0.23 points or 1.67% at $14.02 with 2.53 million shares getting traded. Post opening the session at $13.85, the shares hit an intraday low of $13.75 and an intraday high of $14.05 and the price vacillated in this range throughout the day. The company has a market cap of $4.48 billion and the numbers of outstanding shares have been calculated to be 319.11 million shares.
Graphic Packaging Holding Company (GPK) on July 26, 2016 reported Net Income for second quarter 2016 of $77.8 million, or $0.24 per share, based upon 322.5 million weighted average diluted shares. This compares to second quarter 2015 Net Income of $57.6 million, or $0.17 per share, based on 330.9 million weighted average diluted shares.
Second quarter 2016 Net Income was positively impacted by a discrete tax benefit of $22.4 million which was partially offset by $4.7 million (net of a $2.4 million tax benefit) of business combinations and other special charges. When adjusting for these charges, Adjusted Net Income for the second quarter of 2016 was $60.1 million, or $0.19 per diluted share. This compares to second quarter 2015 Adjusted Net Income of $61.3 million or $0.19 per diluted share.
“We delivered second quarter results that met our high expectations,” said President and CEO Michael Doss. “Net sales were up 4.4% driven primarily by acquisitions, while volumes in our core business remained stable. Adjusted EBITDA was $195.2 million, up slightly compared to the prior year period of $192.1 million, despite the expected $15 million negative impact from planned downtime taken to upgrade a paperboard machine at our West Monroe facility. We continue to execute on our operating performance programs across the organization and remain firmly committed to our culture of continuous improvement and cost reduction. We achieved $21.0 million in performance improvements in the quarter, and $37.5 million year-to-date.”