Maple Parent Holdings Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales of $949 million against $948 million a year ago. Operating income was $170 million against $184 million a year ago. Income before income taxes was $99 million against $89 million a year ago. Net income attributable to Maple Parent Holdings Corp. was $84 million against $60 million a year ago. Non-GAAP adjusted operating income was $288 million against $260 million a year ago.

For the six months, the company reported net sales of $1,897 million against $1,916 million a year ago. Operating income was $354 million against $405 million a year ago. Income before income taxes was $239 million against $177 million a year ago. Net income attributable to Maple Parent Holdings Corp. was $171 million against $119 million a year ago. Net debt as on June 30, 2018 was $4,522 million. Non-GAAP adjusted operating income was $560 million against $543 million a year ago.

The company provided earnings guidance for the year 2018. 2018 Adjusted diluted EPS of $1.02 to $1.07, on a pro-forma basis, after the impact of preliminary Purchase Price Accounting adjustments. Significant cash flow generation and rapid deleveraging, with leverage ratio targeted to be less than 3.0x in two to three years.