"We delivered a very strong quarter in the face of difficult markets and foreign exchange headwinds," said President and CEO Michael Doss. "Sales increased 2.4% and we continue to gain share in many of our markets. Strong performance drove Adjusted EBITDA Margin higher by 40 basis points to 17.6%. We continued to execute on our operating improvement programs across the organization, achieving $74 million of performance improvements in 2015."
Net sales increased 2.4% to $1,024.9 million in the 4Q 2015, compared to $1,001.1 million in the prior year period. The $23.8 million in crease was driven by $50.4 million of improved volume/mix, related to acquisitions. The sales increase was partially offset by $21.2 million of unfavorable foreign exchange rates and $5.4 million of lower pricing.
Full year 2015 net sales decreased 1.9% to $4,160.2 million compared to $4,240.5 million in 2014.
EBITDA for 4Q 2015 was $172.7 million, or $27.2 million higher than the 4Q 2014. Full year 2015 EBITDA increased 46.4% to $728 million from $497.3 million in 2014.
Graphic Packaging Holding Company is a leading provider of packaging solutions for a wide variety of products to food, beverage and consumer product companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft and coated-recycled boxboard.
