Welcome to our dedicated page for Graphic Packaging Hldg Co news (Ticker: GPK), a resource for investors and traders seeking the latest updates and insights on Graphic Packaging Hldg Co stock.
Graphic Packaging Holding Company (NYSE: GPK) is a manufacturing company focused on folding paperboard box manufacturing and paper-based consumer packaging. News related to Graphic Packaging often centers on its role as a global leader in sustainable consumer packaging and its efforts to design and produce packaging made primarily from renewable or recycled materials. Because the company serves widely recognized brands in food, beverage, foodservice, household, and other consumer products, developments at Graphic Packaging can be relevant to multiple consumer and industrial supply chains.
On this page, readers can follow company announcements about operating conditions, cost and production optimization initiatives, and strategic plans such as its Vision 2025 transformation and Vision 2030 priorities. Recent communications have included updates on weather-related and operational disruptions at paperboard manufacturing facilities, guidance commentary, and actions to adjust inventory and production levels. The company also issues press releases about dividends, earnings conference calls, and participation in investor conferences.
Governance and leadership updates are another important category of news for Graphic Packaging. The company has announced leadership transitions at the chief executive officer level and has responded publicly to communications from shareholders regarding board and management decisions. Such items provide context on how the Board of Directors and management team are approaching long-term strategy, capital allocation, and shareholder engagement.
Investors, analysts, and other stakeholders can use this news feed to monitor earnings releases, operational updates, capital allocation decisions, and corporate governance developments at Graphic Packaging. Regular review of these items can help build an understanding of how the company is executing its sustainable packaging strategy and managing its manufacturing and financial profile over time.
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.
Graphic Packaging International has launched IntegraFlute™, a hybrid packaging solution designed for e-commerce. This innovative structure combines a flexible inner bag with a robust fluted outer carton, facilitating direct palletization and reducing packaging waste. IntegraFlute is engineered for efficiency, available in sizes up to 20 lbs, and supports various products including pet supplies and bulk foods. Fully recyclable and produced in the U.S., this solution enhances branding, consumer convenience, and streamlines supply chains, addressing growing demand for sustainable packaging.
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Graphic Packaging International (GPI) has announced a significant expansion of its research and development center in Louisville, Colorado, aimed at enhancing innovative packaging solutions. The facility will focus on developing alternatives to plastic packaging, contributing to sustainability efforts. Recent innovations include the KeelClip and PaperSeal, designed to replace plastic with recyclable materials. The center has increased its footprint by over 30%, enhancing its capacity for trials and prototype development. This move aligns with GPI's commitment to meet evolving consumer demands and environmental standards.
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.
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