Business Context and Reporting Period
Company: Graphic Packaging Holding Company
Filing Type: Form 8-K (Current Report)
Report Date: August 31, 2018
Event Date: August 31, 2018
Key Financial Metrics
This filing reports a specific asset sale event rather than comprehensive financial results.
- Net Proceeds from Asset Sale: Approximately $47.9 million
- Asset Sold: Property located at 2600 De La Cruz Boulevard, Santa Clara, California
- Selling Entity: Graphic Packaging International, LLC (a subsidiary)
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The material change reported is the completion of the sale of the Santa Clara, California property. This transaction generated approximately $47.9 million in net proceeds for the company.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the reported asset sale.
Investor Verification Checklist
- Verify the impact of the $47.9 million net proceeds on the company's overall liquidity and cash position.
- Confirm the book value of the sold property to determine the realized gain or loss on the transaction.
- Review subsequent filings to understand the strategic rationale for disposing of the Santa Clara facility.