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) has declared a quarterly dividend of
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.
Graphic Packaging Holding Company (NYSE:GPK) reported strong financial performance for 2022, with Net Sales increasing 32% to $9,440 million and Net Income rising to $522 million from $204 million in 2021. Earnings per Share reached $1.69, compared to $0.68 the previous year. The company announced an investment of approximately $1 billion in a new coated recycled paperboard mill to enhance its position as a leading producer in North America. Despite challenges from inflation and a winter storm impacting production, Adjusted EBITDA grew 52% to $1,600 million. The company aims to further reduce net leverage from 3.2x to 2.5x by the end of 2023.
Graphic Packaging Holding Company (NYSE: GPK) will announce its fourth quarter and full year 2022 financial results before market opens on February 7th, with a conference call scheduled for 10:00 a.m. ET. Participants can join via webcast or telephone using designated dial-in numbers. An archived version will be available for replay after 1:00 p.m. ET on the same day. Additionally, the first quarter 2023 financial results are tentatively set for release on April 25, 2023.
Graphic Packaging reported Q3 2022 Net Sales of $2,451 million, up 38% from last year. Net Income surged to $193 million with Adjusted EBITDA reaching $441 million.
Organic Sales increased 5%, driven by strong demand for sustainable packaging. The company announced a 33% increase in quarterly dividends, reflecting its commitment to returning value to shareholders. Global liquidity stood at $1.4 billion, and total debt decreased by $304 million.
Lineage Logistics has appointed Lynn Wentworth to its Board of Directors, bringing over 30 years of experience in finance, technology, and logistics. Wentworth currently serves on the boards of Graphic Packaging (GPK) and Benchmark Electronics (BHE). Additionally, Natalie Matsler returns as Chief Legal Officer, tasked with overseeing global legal and compliance functions. Both appointments are positioned to enhance Lineage's strategic initiatives as it seeks to expand its global operations and optimize its supply chain.
Graphic Packaging Holding Company (NYSE: GPK) will unveil its third quarter 2022 financial results on October 25, prior to market opening. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day. Interested parties can access the call through the investor section of their website or via telephone. The company has also tentatively set January 31, 2023, for the release of its fourth quarter and full year 2022 financial results. Graphic Packaging is a leader in sustainable fiber-based packaging solutions.
Graphic Packaging Holding Company (NYSE: GPK) has announced a 33% increase in its quarterly dividend, raising it from $0.075 to $0.10 per share. This change reflects the company's commitment to returning capital to shareholders, with the new dividend payable on January 5, 2023, to stockholders of record as of December 15, 2022. Since initiating its dividend program in February 2015, the company has consistently increased dividends, supported by strategic investments and a solid production platform aimed at meeting rising demand in the fiber-based packaging sector.
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