Graphic Packaging Hldg Co Stock Price, News & Analysis

Graphic Packaging Holding Company (NYSE: GPK), a global leader in sustainable consumer packaging, has updated its full-year 2024 outlook due to recent operational challenges. Severe weather conditions in July affected production at two paperboard manufacturing facilities, while an electrical substation damage in August disrupted operations at a third facility. These events are expected to reduce Adjusted EBITDA by $20 million to $25 million in the third quarter.

As a result, the company now anticipates full-year 2024 results to fall below the midpoint of its previously announced guidance ranges: $1,730 million to $1,830 million for Adjusted EBITDA and $2.65 to $2.85 for Adjusted EPS. Despite these setbacks, Graphic Packaging reports that all affected facilities have resumed normal operations, and customer service levels were not impacted.

Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, has announced its participation in the Stifel London Industrials Summit on September 4, 2024. Mark W. Connelly, Senior Vice President of Investor Strategy and Development, will represent the company in a fireside chat at 7:00am ET.

The presentation will be accessible via live webcast and replay from the Investors section of Graphic Packaging's website. GPK, headquartered in Atlanta, Georgia, specializes in designing and producing consumer packaging primarily from renewable or recycled materials. The company is committed to reducing the environmental impact of consumer packaging and operates a global network serving major brands in various consumer product sectors.

Graphic Packaging International has released its 2023 Environmental, Social and Governance (ESG) report, announcing an ambitious goal to achieve Net Zero Greenhouse Gas emissions by 2050. The company's 'Better, Every Day' sustainability strategy outlines plans to drive circularity in paperboard consumer packaging, support an inclusive culture, and protect environmental resources.

Key highlights from the report include:

• Replacement of ~450 million plastic packages with paperboard in Europe
• Replacement of ~665 million foam cups with paper cups in North America
• 28% women in global workforce
• 34% ethnic diversity in U.S. workforce
• 68% renewable fuel used
• 89% forest products sustainably sourced
• 98% paperboard waste recycled

The company has set and validated 1.5C aligned near-term science-based targets through the Science Based Targets Initiative in 2023, marking a significant step towards its 2050 Net Zero goal.

Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, has announced a quarterly dividend of $0.10 per share of common stock. The dividend will be payable on October 5, 2024, to stockholders of record as of the close of business on September 15, 2024. Graphic Packaging, headquartered in Atlanta, Georgia, specializes in designing and producing consumer packaging primarily from renewable or recycled materials. The company is committed to reducing the environmental footprint of consumer packaging and operates a global network of design and manufacturing facilities serving renowned brands in various consumer product sectors.

Graphic Packaging Holding Company (NYSE: GPK) reported its Q2 2024 financial results. Net Sales decreased 6% to $2,237 million, while Net Income increased to $190 million ($0.62 per share). Adjusted EBITDA was $402 million with an 18.0% margin. The company completed the divestiture of its Augusta, Georgia bleached paperboard facility and repurchased approximately 2.4% of outstanding common shares.

Key highlights include:

• Innovation Sales Growth of $51 million
• Net Leverage reduced to 2.9x
• Reiterated 2024 guidance: Adjusted EBITDA of $1.73-1.83 billion and Adjusted EPS of $2.65-2.85

The company remains focused on delivering sustainable packaging solutions and returning cash to stockholders through dividends and share repurchases.

Graphic Packaging Holding Company (NYSE: GPK) has appointed Andy Callahan to its Board of Directors. Callahan, a seasoned consumer packaged goods industry executive, brings 29 years of experience to GPK as the company pursues its Vision 2030 goals. His background includes leadership roles at Harry's Inc., Hostess Brands, Tyson Foods, Hillshire Brands, Sara Lee , and Kraft Foods. Callahan's expertise in driving growth for major consumer brands is expected to be valuable as GPK advances its growth trajectory and leverages its position as a global consumer packaging leader.

The appointment aligns with GPK's focus on sustainable packaging solutions and innovation for leading brands and retailers. Both the Chairman of the Board, Philip Martens, and President and CEO, Michael P. Doss, expressed enthusiasm about Callahan's addition to the board, highlighting his potential contributions to the company's strategic direction and growth initiatives.

Graphic Packaging Holding Company (NYSE: GPK) will announce its second quarter 2024 financial results on July 30, 2024, before the market opens. A conference call to discuss these results will follow at 10:00 a.m. ET, accessible via webcast and telephone. The webcast will be archived for replay from 1:00 p.m. ET the same day. Additionally, the company plans to release third-quarter 2024 results on October 29, 2024. Graphic Packaging, based in Atlanta, specializes in consumer packaging from renewable or recycled materials, serving leading global brands in various sectors.

Graphic Packaging Holding Company (NYSE: GPK), a top consumer packaging firm, announced that its Executive VP and CFO, Stephen R. Scherger, will present at the Wells Fargo Industrials Conference on June 11 at 2:30pm ET. The session will be a fireside chat, available live and on replay via webcast, accessible through the company's Investor section online.

Graphic Packaging, based in Atlanta, Georgia, specializes in designing and producing packaging primarily from renewable or recycled materials. The company is renowned for its innovation and commitment to reducing the environmental impact of packaging, serving major global brands in various sectors like food, beverage, and household products.

Graphic Packaging Holding Company (NYSE: GPK) announced a quarterly dividend of $0.10 per share of common stock. The dividend will be payable on July 5, 2024, to shareholders of record as of June 15, 2024. Based in Atlanta, Georgia, Graphic Packaging is a leading consumer packaging company focusing on renewable and recycled materials. The company operates a global network of design and manufacturing facilities, serving major brands in food, beverage, foodservice, household, and other consumer products sectors.