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 International (GPI) has announced a significant expansion of its research and development center in Louisville, Colorado, aimed at enhancing innovative packaging solutions. The facility will focus on developing alternatives to plastic packaging, contributing to sustainability efforts. Recent innovations include the KeelClip and PaperSeal, designed to replace plastic with recyclable materials. The center has increased its footprint by over 30%, enhancing its capacity for trials and prototype development. This move aligns with GPI's commitment to meet evolving consumer demands and environmental standards.
Graphic Packaging Holding Company (NYSE: GPK) has released its 2019 Environmental, Social and Governance (ESG) Report, showcasing its commitment to sustainability. The report highlights the completion of two Vision 2025 goals: full engagement of manufacturing facilities in waste diversion and compliance with forest and fiber certification. Notable achievements include investments in recyclable product innovations and a $600 million investment in a new coated recycled board machine aimed at reducing greenhouse gas emissions. The company focuses on transparency in sustainability and proactive measures against climate risks.
On November 19, 2020, Graphic Packaging Holding Company (NYSE: GPK) declared a quarterly dividend of $0.075 per share. Shareholders on record by December 15, 2020 will receive this dividend, which is payable on January 5, 2021. The company is recognized as a leading provider of paper-based packaging solutions globally, serving major brands across various industries, including food and beverage. This dividend declaration reflects the company's commitment to returning value to its shareholders.
Graphic Packaging Holding Company (NYSE: GPK) announced that Michael Doss, President and CEO, alongside Stephen Scherger, CFO, will present at the Stephens Annual Investment Conference on November 17, 2020, at 10:00 AM ET. This presentation will take the form of a virtual fireside chat and will be available for replay on the company's investor website. Graphic Packaging is a leading provider of paper-based packaging solutions, serving various consumer product sectors globally.
Graphic Packaging International has received recognition for its innovative packaging solutions, KeelClip™ and PaperSeal®, at the 2020 AmeriStar Packaging Awards. KeelClip won in the sustainability and beverages categories, while PaperSeal took top honors in the food category. The awards reflect the company's commitment to sustainable packaging, with KeelClip providing a recyclable alternative to plastic rings and PaperSeal reducing plastic use by up to 90%. These accolades were announced virtually on October 27, 2020, reinforcing Graphic Packaging's position as a leading provider of paper-based packaging solutions.
Graphic Packaging Holding Company reported Q3 2020 net sales of $1,697.7 million, a 7.3% increase from $1,581.6 million in Q3 2019. Net income rose to $63.7 million or $0.23 per share, up from $52.1 million or $0.18 per share year-over-year. Adjusted EBITDA reached $250.2 million, reflecting a $5.9 million increase from the previous year. Capital expenditures rose to $119.1 million, driven by investment in a new coated recycled board paper machine. The company maintained liquidity of $1,557.1 million at quarter-end.
Graphic Packaging International (GPI), a leader in paper-based packaging, won multiple prestigious awards at the 2020 Paperboard Packaging Council's carton competition. Highlights include the Paperboard Package of the Year and Innovation Award for the KeelClip™, a sustainable design that replaces plastic rings in beverage packaging. Additionally, PaperSeal® received the Sustainability Award for cutting plastic use by 90% in food packaging. GPI's unique curved carton for Stella Artois claimed the Folding Carton of the Year award, showcasing innovative design and consumer convenience.
Graphic Packaging Holding Company (NYSE: GPK) will report its third quarter 2020 financial results on October 20 before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. ET, with access available via webcast and telephone. Participants can join by dialing 833-900-1527 in the U.S. or Canada, and 236-384-2052 internationally. The company has also set February 2, 2021 for the release of its fourth quarter and full-year 2020 results.
Graphic Packaging International has announced a private offering of $350 million in senior unsecured notes due 2029, with an interest rate of 3.500%, expected to close by August 28, 2020. The net proceeds, estimated at $344 million after costs, will be used to reduce outstanding borrowings from the revolving credit facility, cover expenses, and for general corporate purposes. The offering is limited to qualified institutional buyers and will not be registered under the Securities Act. The company is a leading provider of paper-based packaging solutions across various sectors.
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