Welcome to our dedicated page for Graphic Packaging Holding Company news (Ticker: GPK), a resource for investors and traders seeking the latest updates and insights on Graphic Packaging Holding Company stock.
About Graphic Packaging Holding Company (NYSE: GPK)
Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is a global leader in the consumer packaging industry. The company specializes in creating sustainable, fiber-based packaging solutions for a wide range of products including food, beverages, foodservice, and other consumer goods. Through its subsidiaries, the company operates in three main segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.
Graphic Packaging is known for its extensive portfolio which includes folding cartons, unbleached paperboard, coated recycled board, and microwave packaging. The majority of its revenue comes from the Americas Paperboard Packaging segment, which caters predominantly to consumer packaged goods (CPG) and quick-service restaurants (QSR).
Committed to innovation and sustainability, Graphic Packaging continually advances its technology and product offerings to meet the evolving demands of consumers and businesses alike. Notably, the company has set ambitious goals under its Vision 2030 plan, aimed at expanding its market reach and reducing its environmental footprint.
Recent achievements include the launch of the state-of-the-art K2 recycled paperboard machine, which has significantly enhanced production efficiency and quality. The company has also reported strong financial performance, with net sales of $2.349 billion in Q3 2023 and a solid adjusted EBITDA growth.
In line with its growth strategy, Graphic Packaging has made strategic acquisitions such as Bell Incorporated, improving its integration rates and expanding its product categories. The company also announced the sale of its Augusta, Georgia bleached paperboard manufacturing facility to Clearwater Paper, a move expected to enhance its operational focus.
For more detailed financial metrics and latest news, Graphic Packaging consistently updates investors and stakeholders through earnings calls and periodic filings with the SEC. The company's commitment to innovation and sustainability continues to make it a preferred choice for some of the world's most renowned brands.
Additional information about Graphic Packaging, its business operations, and product portfolio can be found on their official website.
Graphic Packaging Holding Company (NYSE: GPK) reported Q1 2021 net sales of $1,649 million, a 3% increase from the prior year. Net income was $54 million, compared to a $13 million loss last year. Adjusted EBITDA fell to $240 million, impacted by $29 million from Winter Storm Uri and $34 million in commodity inflation. The company plans to acquire Americraft Carton for $280 million, expected to yield an additional $200 million in sales and $30 million in Adjusted EBITDA. Liquidity stood at $1,444 million.
Graphic Packaging International has launched the ProducePack™ Punnet, a recyclable paperboard alternative to traditional plastic trays for fresh produce. This innovation supports consumer demand for sustainability and food safety while reducing plastic use by up to 100%. The ProducePack is compatible with existing sealing machinery, requiring minimal investment for packers. It ensures equivalent shelf life to plastic and offers customizable options for various markets. Elodie Bugnicourt, the sustainability manager, highlighted a 90% reduction in plastic compared to polypropylene trays and greater circularity due to higher recycling rates.
Graphic Packaging Holding Company (NYSE: GPK) will announce its first quarter financial results before market opens on April 27, 2021. A conference call will take place at 10:00 a.m. ET to discuss these results. Investors can access the call via the company’s website or by phone at 833-900-1527 (U.S.) and 236-384-2052 (International) with conference ID 9287381. Additionally, the company has scheduled the release of its second quarter 2021 financial results for July 27, 2021.
Graphic Packaging International announced a private offering of $400 million in senior secured notes due 2024 and $400 million due 2026, with closing expected around March 8, 2021. The 2024 Notes will have an interest rate of 0.821%, while the 2026 Notes will bear 1.512%. The estimated net proceeds of $794 million will be used to repay existing secured term loans and cover associated fees. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act.
Graphic Packaging International announced a private offering to sell $400 million in senior secured notes due 2024 and $400 million due 2026. The proceeds will be used to fully repay outstanding secured term loans and cover related fees. The notes will be secured and guaranteed by various subsidiaries of Graphic Packaging. The offering is intended for qualified institutional buyers and will not be registered under the Securities Act, adhering to specific exemptions.
Graphic Packaging Holding Company (NYSE: GPK) has declared a quarterly dividend of $0.075 per share, payable on April 5, 2021, to shareholders on record by March 15, 2021. This decision highlights the company's commitment to returning value to its shareholders. Graphic Packaging is a leading provider of sustainable paper-based packaging solutions, serving various industries including food and beverage. The company is recognized for its significant market presence and ability to meet evolving consumer demands.
Graphic Packaging Holding Company (NYSE: GPK) will have its Executive Vice President and CFO, Stephen R. Scherger, present at the Bank of America 2021 Global Agriculture and Materials Conference. The fireside chat is scheduled for March 3, 2021, at 8:00 am ET. Investors can access a live webcast and replay through the Investor section of the Graphic Packaging website. As a leading supplier of sustainable paper-based packaging solutions, Graphic Packaging continues to serve major brands in various sectors, including food and beverage.
Graphic Packaging Holding Company (NYSE: GPK) has announced the appointment of Mary K. Rhinehart to its board of directors, effective February 16. Rhinehart brings over 40 years of experience from her tenure at Johns Manville, where she served as President and CEO until 2020. Her expertise spans finance, supply chain, and strategic growth. Both Phil Martens, Chairman, and Michael Doss, President and CEO, expressed confidence in her ability to contribute to the company’s Vision 2025 goals and enhance its leadership position in sustainable packaging.
On February 8, 2021, Graphic Packaging International launched ProducePack, a sustainable paperboard packaging solution for fresh produce. This initiative aligns with the company's Vision 2025, emphasizing environmentally friendly practices. The new packaging is designed to offer brands enhanced product presentation and hygiene protection while being fully recyclable. Key features include comfortable carry handles and visually appealing designs. Recent partner BelleHarvest is introducing ProducePack for its Fuji, Honeycrisp, and Gala apples, responding to consumer demand for eco-friendly packaging alternatives.
Graphic Packaging Holding Company (NYSE: GPK) reported its 2020 financial results, announcing net sales of $6,560 million, a 6.5% increase from 2019. Net income reached $167 million, down from $207 million the previous year, with adjusted earnings per share at $1.12, an increase from $0.87. Fourth quarter highlights include a net organic sales growth of 4% and a special charge of $12.3 million impacting Q4 net income. The company plans significant investments, including $100 million in its Texarkana mill and the early launch of a new CRB machine in Kalamazoo.
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