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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) 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.
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.
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