Graphic Packaging Hldg Co Stock Price, News & Analysis

Graphic Packaging Holding Company (NYSE: GPK) announced that Stephen R. Scherger, the Executive Vice President and Chief Financial Officer, will present at two significant investment conferences. The first presentation will be at the BofA Securities 2023 Global Agriculture and Materials Conference on March 1 at 1:50 p.m. ET. The second will take place at the Raymond James 44th Annual Institutional Investors Conference on March 7 at 10:25 a.m. ET. Both presentations will be available live and for replay through the Graphic Packaging website.

Graphic Packaging Holding Company (NYSE:GPK) reported strong financial performance for 2022, with Net Sales increasing 32% to $9,440 million and Net Income rising to $522 million from $204 million in 2021. Earnings per Share reached $1.69, compared to $0.68 the previous year. The company announced an investment of approximately $1 billion in a new coated recycled paperboard mill to enhance its position as a leading producer in North America. Despite challenges from inflation and a winter storm impacting production, Adjusted EBITDA grew 52% to $1,600 million. The company aims to further reduce net leverage from 3.2x to 2.5x by the end of 2023.

Graphic Packaging Holding Company (NYSE: GPK) will announce its fourth quarter and full year 2022 financial results before market opens on February 7th, with a conference call scheduled for 10:00 a.m. ET. Participants can join via webcast or telephone using designated dial-in numbers. An archived version will be available for replay after 1:00 p.m. ET on the same day. Additionally, the first quarter 2023 financial results are tentatively set for release on April 25, 2023.

Graphic Packaging reported Q3 2022 Net Sales of $2,451 million, up 38% from last year. Net Income surged to $193 million with Adjusted EBITDA reaching $441 million.

Organic Sales increased 5%, driven by strong demand for sustainable packaging. The company announced a 33% increase in quarterly dividends, reflecting its commitment to returning value to shareholders. Global liquidity stood at $1.4 billion, and total debt decreased by $304 million.

Lineage Logistics has appointed Lynn Wentworth to its Board of Directors, bringing over 30 years of experience in finance, technology, and logistics. Wentworth currently serves on the boards of Graphic Packaging (GPK) and Benchmark Electronics (BHE). Additionally, Natalie Matsler returns as Chief Legal Officer, tasked with overseeing global legal and compliance functions. Both appointments are positioned to enhance Lineage's strategic initiatives as it seeks to expand its global operations and optimize its supply chain.

Graphic Packaging Holding Company (NYSE: GPK) will unveil its third quarter 2022 financial results on October 25, prior to market opening. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day. Interested parties can access the call through the investor section of their website or via telephone. The company has also tentatively set January 31, 2023, for the release of its fourth quarter and full year 2022 financial results. Graphic Packaging is a leader in sustainable fiber-based packaging solutions.

Graphic Packaging Holding Company (NYSE: GPK) has announced a 33% increase in its quarterly dividend, raising it from $0.075 to $0.10 per share. This change reflects the company's commitment to returning capital to shareholders, with the new dividend payable on January 5, 2023, to stockholders of record as of December 15, 2022. Since initiating its dividend program in February 2015, the company has consistently increased dividends, supported by strategic investments and a solid production platform aimed at meeting rising demand in the fiber-based packaging sector.