Graphic Packaging Hldg Co Stock Price, News & Analysis

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.

Graphic Packaging International announced a private offering to sell $400 million in senior secured notes due 2024 and $400 million due 2026. The proceeds will be used to fully repay outstanding secured term loans and cover related fees. The notes will be secured and guaranteed by various subsidiaries of Graphic Packaging. The offering is intended for qualified institutional buyers and will not be registered under the Securities Act, adhering to specific exemptions.

Graphic Packaging Holding Company (NYSE: GPK) has declared a quarterly dividend of $0.075 per share, payable on April 5, 2021, to shareholders on record by March 15, 2021. This decision highlights the company's commitment to returning value to its shareholders. Graphic Packaging is a leading provider of sustainable paper-based packaging solutions, serving various industries including food and beverage. The company is recognized for its significant market presence and ability to meet evolving consumer demands.

Graphic Packaging Holding Company (NYSE: GPK) will have its Executive Vice President and CFO, Stephen R. Scherger, present at the Bank of America 2021 Global Agriculture and Materials Conference. The fireside chat is scheduled for March 3, 2021, at 8:00 am ET. Investors can access a live webcast and replay through the Investor section of the Graphic Packaging website. As a leading supplier of sustainable paper-based packaging solutions, Graphic Packaging continues to serve major brands in various sectors, including food and beverage.

Graphic Packaging Holding Company (NYSE: GPK) has announced the appointment of Mary K. Rhinehart to its board of directors, effective February 16. Rhinehart brings over 40 years of experience from her tenure at Johns Manville, where she served as President and CEO until 2020. Her expertise spans finance, supply chain, and strategic growth. Both Phil Martens, Chairman, and Michael Doss, President and CEO, expressed confidence in her ability to contribute to the company’s Vision 2025 goals and enhance its leadership position in sustainable packaging.

On February 8, 2021, Graphic Packaging International launched ProducePack, a sustainable paperboard packaging solution for fresh produce. This initiative aligns with the company's Vision 2025, emphasizing environmentally friendly practices. The new packaging is designed to offer brands enhanced product presentation and hygiene protection while being fully recyclable. Key features include comfortable carry handles and visually appealing designs. Recent partner BelleHarvest is introducing ProducePack for its Fuji, Honeycrisp, and Gala apples, responding to consumer demand for eco-friendly packaging alternatives.

Graphic Packaging Holding Company (NYSE: GPK) reported its 2020 financial results, announcing net sales of $6,560 million, a 6.5% increase from 2019. Net income reached $167 million, down from $207 million the previous year, with adjusted earnings per share at $1.12, an increase from $0.87. Fourth quarter highlights include a net organic sales growth of 4% and a special charge of $12.3 million impacting Q4 net income. The company plans significant investments, including $100 million in its Texarkana mill and the early launch of a new CRB machine in Kalamazoo.

Graphic Packaging Holding Company (NYSE: GPK) will announce its fourth quarter and full year 2020 financial results on February 2, 2021, before market opening. A conference call to discuss these results will be held at 10:00 a.m. ET on the same day, which can be accessed via their website or by phone. Participants are advised to call in at least 10 minutes early with the conference ID 1263054. Additionally, the company has tentatively scheduled the release of its first quarter 2021 results for April 27, 2021.