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 (GPK) reported Q2 2021 net sales of $1,737 million, up from $1,611 million in Q2 2020. Net income fell to $38 million from $52 million, with earnings per diluted share at $0.13. Adjusted EBITDA decreased to $248 million due to $67 million in commodity cost inflation. The company is tackling rising costs with $400 million in pricing actions. A significant acquisition of AR Packaging for $1.45 billion is on track for year-end. Global liquidity was $1.9 billion.
On July 23, 2021, Graphic Packaging Holding Company (NYSE: GPK) launched OptiCycle™, a groundbreaking line of non-polyethylene coated foodservice packaging. This innovative product offers a sustainable alternative to traditional packaging, enhancing recyclability by allowing smooth separation of barriers during repulping, recovering approximately 98% of fiber. President and CEO Michael Doss emphasized the technology's eco-friendliness and consumer appeal, aligning with the Company’s Vision 2025 for sustainability. The launch aims to support a circular economy in packaging.
Graphic Packaging Holding Company (NYSE: GPK) will announce its second quarter 2021 financial results on July 27, 2021, before market opening. A conference call is scheduled for 10:00 a.m. ET to discuss the results, accessible via the company’s investor relations website. Additionally, the tentative date for the third quarter results release is set for October 26, 2021. Graphic Packaging is a leading provider of sustainable fiber-based consumer packaging solutions, operating on a global scale, and recognized as one of the largest producers of folding cartons in the U.S.
Graphic Packaging International has launched PaperSeal Cook, a new dual-ovenable tray designed for chilled and frozen foods, responding to a trend for convenient homecooked meals. This addition follows the introduction of PaperSeal Slice and PaperSeal Wedge. The Cook version reduces plastic usage by up to 80%, aligning with sustainability goals. With a 100% recyclable design, it aims to support customers transitioning to fiber-based alternatives. The initiative is part of Graphic Packaging's commitment to make all products recyclable by 2025.
Graphic Packaging Holding Company (NYSE: GPK) declared a quarterly dividend of $0.075 per share to stockholders of record on June 15, 2021. This dividend is payable on July 5, 2021. The company specializes in sustainable fiber-based packaging solutions for various industries, including food and beverage, and is a leading producer of folding cartons and paper-based foodservice products in the U.S.
Graphic Packaging Holding Company (NYSE: GPK) has successfully concluded its partnership with International Paper Company by acquiring the remaining membership interests in Graphic Packaging International Partners, LLC. This transaction involved exchanging 22,773,072 membership units for common stock, bringing the total shares outstanding to approximately 306.9 million. CEO Michael Doss highlighted the importance of this partnership in establishing leadership in fiber-based packaging and aiding growth initiatives outlined in Vision 2025. The partnership, formed during the combination with International Paper's consumer packaging business in January 2018, was mutually beneficial for both companies.
Graphic Packaging (NYSE: GPK) has announced its agreement to acquire AR Packaging Group for approximately $1.45 billion in cash. This acquisition will enhance Graphic Packaging's scale and innovation in Europe, adding $1.1 billion in annual sales and $160 million in Adjusted EBITDA. The deal is projected to generate $40 million in synergies over three years, and will be immediately accretive to earnings. The acquisition is expected to close within four to six months, pending regulatory approvals.
Graphic Packaging Holding Company (NYSE: GPK) announced that Stephen R. Scherger, Executive Vice President and CFO, will present at two upcoming investment conferences. The presentations are scheduled for May 5 at the 2021 Virtual Wells Fargo Industrial Conference and May 11 at the Goldman Sachs Industrials & Materials Conference. Both presentations will be available live and in replay via webcast on the company's 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.
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