Graphic Packaging Hldg Co Stock Price, News & Analysis

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.

Graphic Packaging Holding Company (NYSE: GPK) will announce its first quarter financial results before market opens on April 27, 2021. A conference call will take place at 10:00 a.m. ET to discuss these results. Investors can access the call via the company’s website or by phone at 833-900-1527 (U.S.) and 236-384-2052 (International) with conference ID 9287381. Additionally, the company has scheduled the release of its second quarter 2021 financial results for July 27, 2021.

Graphic Packaging International announced a private offering of $400 million in senior secured notes due 2024 and $400 million due 2026, with closing expected around March 8, 2021. The 2024 Notes will have an interest rate of 0.821%, while the 2026 Notes will bear 1.512%. The estimated net proceeds of $794 million will be used to repay existing secured term loans and cover associated fees. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act.