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Graphic Packaging Holding Company - GPK STOCK NEWS

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.

Rhea-AI Summary
Graphic Packaging Holding Company (NYSE: GPK) reported a 1% increase in net sales, reaching $2,392 million in the second quarter of 2023. Net income surged by 127% to $150 million, while adjusted EBITDA rose by 14% to $453 million. The company also announced the acquisition of Bell Incorporated and a $500 million increase to share repurchase authorization. Full year 2023 guidance was reiterated.
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Graphic Packaging Holding Company (NYSE: GPK) will announce its first quarter 2023 financial results before the market opens on May 2, 2023. A conference call is scheduled for 10:00 a.m. ET to discuss the results, accessible via the investor section of the company's website. Participants can join via telephone using specified dial-in numbers for the US, Canada, and other locations. The company has also set August 1, 2023 as the tentative date for its second quarter 2023 financial results release. Graphic Packaging is a leading provider of sustainable packaging solutions, operating globally with a strong market presence.

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Graphic Packaging Holding Company (NYSE: GPK) has declared a quarterly dividend of $0.10 per share. This dividend will be payable on April 5, 2023 to stockholders on record as of March 15, 2023. Graphic Packaging, based in Atlanta, Georgia, specializes in fiber-based consumer packaging, serving major companies in food, beverage, and other sectors. The company is a leading producer of folding cartons and fiber-based foodservice products in the U.S. and Europe, holding significant market positions in various paperboard sectors. For more details, visit www.graphicpkg.com.

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Graphic Packaging Holding Company (NYSE: GPK) announced that Stephen R. Scherger, the Executive Vice President and Chief Financial Officer, will present at two significant investment conferences. The first presentation will be at the BofA Securities 2023 Global Agriculture and Materials Conference on March 1 at 1:50 p.m. ET. The second will take place at the Raymond James 44th Annual Institutional Investors Conference on March 7 at 10:25 a.m. ET. Both presentations will be available live and for replay through the Graphic Packaging website.

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FAQ

What is the current stock price of Graphic Packaging Holding Company (GPK)?

The current stock price of Graphic Packaging Holding Company (GPK) is $28.24 as of November 15, 2024.

What is the market cap of Graphic Packaging Holding Company (GPK)?

The market cap of Graphic Packaging Holding Company (GPK) is approximately 8.4B.

What does Graphic Packaging Holding Company specialize in?

Graphic Packaging Holding Company specializes in sustainable, fiber-based consumer packaging solutions for food, beverage, foodservice, and other consumer products.

What are the main business segments of Graphic Packaging?

The main business segments are Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

Where is Graphic Packaging Holding Company headquartered?

The company is headquartered in Atlanta, Georgia.

What is Vision 2030?

Vision 2030 is Graphic Packaging's strategic plan to expand market reach and reduce environmental impact through innovation and sustainability.

What recent acquisition did Graphic Packaging announce?

Graphic Packaging recently acquired Bell Incorporated to enhance its integrated packaging network and expand its product categories.

How did Graphic Packaging perform financially in Q3 2023?

In Q3 2023, Graphic Packaging reported net sales of $2.349 billion and adjusted EBITDA growth to $482 million.

What is the significance of the K2 recycled paperboard machine?

The K2 machine significantly improves production efficiency and quality, supporting the company's sustainability and growth initiatives.

Where can I find more information about Graphic Packaging’s financial performance?

Detailed financial metrics and updates can be found on Graphic Packaging's official website and through their SEC filings.

Who are some of the major customers of Graphic Packaging?

The company's customers include many of the world's most widely-recognized brands in food, beverage, and consumer products.

What are the future growth expectations for Graphic Packaging?

The company aims for 2% sales growth from innovation and plans to continue expanding its market presence through strategic acquisitions and sustainability initiatives.

Graphic Packaging Holding Company

NYSE:GPK

GPK Rankings

GPK Stock Data

8.40B
300.14M
1.19%
109.78%
5.67%
Packaging & Containers
Paperboard Containers & Boxes
Link
United States of America
ATLANTA