Graphic Packaging Hldg Co Stock Price, News & Analysis

Graphic Packaging Holding Company (NYSE: GPK) has released its 2019 Environmental, Social and Governance (ESG) Report, showcasing its commitment to sustainability. The report highlights the completion of two Vision 2025 goals: full engagement of manufacturing facilities in waste diversion and compliance with forest and fiber certification. Notable achievements include investments in recyclable product innovations and a $600 million investment in a new coated recycled board machine aimed at reducing greenhouse gas emissions. The company focuses on transparency in sustainability and proactive measures against climate risks.

On November 19, 2020, Graphic Packaging Holding Company (NYSE: GPK) declared a quarterly dividend of $0.075 per share. Shareholders on record by December 15, 2020 will receive this dividend, which is payable on January 5, 2021. The company is recognized as a leading provider of paper-based packaging solutions globally, serving major brands across various industries, including food and beverage. This dividend declaration reflects the company's commitment to returning value to its shareholders.

Graphic Packaging Holding Company (NYSE: GPK) announced that Michael Doss, President and CEO, alongside Stephen Scherger, CFO, will present at the Stephens Annual Investment Conference on November 17, 2020, at 10:00 AM ET. This presentation will take the form of a virtual fireside chat and will be available for replay on the company's investor website. Graphic Packaging is a leading provider of paper-based packaging solutions, serving various consumer product sectors globally.

Graphic Packaging International has received recognition for its innovative packaging solutions, KeelClip™ and PaperSeal®, at the 2020 AmeriStar Packaging Awards. KeelClip won in the sustainability and beverages categories, while PaperSeal took top honors in the food category. The awards reflect the company's commitment to sustainable packaging, with KeelClip providing a recyclable alternative to plastic rings and PaperSeal reducing plastic use by up to 90%. These accolades were announced virtually on October 27, 2020, reinforcing Graphic Packaging's position as a leading provider of paper-based packaging solutions.

Graphic Packaging Holding Company reported Q3 2020 net sales of $1,697.7 million, a 7.3% increase from $1,581.6 million in Q3 2019. Net income rose to $63.7 million or $0.23 per share, up from $52.1 million or $0.18 per share year-over-year. Adjusted EBITDA reached $250.2 million, reflecting a $5.9 million increase from the previous year. Capital expenditures rose to $119.1 million, driven by investment in a new coated recycled board paper machine. The company maintained liquidity of $1,557.1 million at quarter-end.

Graphic Packaging International (GPI), a leader in paper-based packaging, won multiple prestigious awards at the 2020 Paperboard Packaging Council's carton competition. Highlights include the Paperboard Package of the Year and Innovation Award for the KeelClip™, a sustainable design that replaces plastic rings in beverage packaging. Additionally, PaperSeal® received the Sustainability Award for cutting plastic use by 90% in food packaging. GPI's unique curved carton for Stella Artois claimed the Folding Carton of the Year award, showcasing innovative design and consumer convenience.

Graphic Packaging Holding Company (NYSE: GPK) will report its third quarter 2020 financial results on October 20 before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. ET, with access available via webcast and telephone. Participants can join by dialing 833-900-1527 in the U.S. or Canada, and 236-384-2052 internationally. The company has also set February 2, 2021 for the release of its fourth quarter and full-year 2020 results.

Graphic Packaging International has announced a private offering of $350 million in senior unsecured notes due 2029, with an interest rate of 3.500%, expected to close by August 28, 2020. The net proceeds, estimated at $344 million after costs, will be used to reduce outstanding borrowings from the revolving credit facility, cover expenses, and for general corporate purposes. The offering is limited to qualified institutional buyers and will not be registered under the Securities Act. The company is a leading provider of paper-based packaging solutions across various sectors.

Graphic Packaging announced a private offering of $350 million in senior unsecured notes due 2029. These notes will be guaranteed by its affiliates and future material domestic subsidiaries. The company plans to use the proceeds to reduce outstanding borrowings under its revolving credit facility and cover offering-related expenses. The offering is conducted in reliance on exemptions under the Securities Act, limiting sales to qualified institutional buyers and non-U.S. investors. This move is aimed at enhancing financial flexibility amid ongoing market conditions.