Graphic Packaging Hldg Co Stock Price, News & Analysis

Graphic Packaging Holding Company (NYSE: GPK) reported significant growth in Q1 2022, with net sales reaching $2,245 million, a 36% increase from the prior year. Net income grew to $107 million, or $0.35 per share, up from $54 million in Q1 2021. Adjusted EBITDA also improved to $350 million. The company is on track to realize $40 million in synergies from its European platform and expects the new K2 Coated Recycled Paperboard machine to generate $130 million in incremental EBITDA over three years. Global liquidity stands at $1,078 million.

Graphic Packaging Holding Company (NYSE: GPK) announced the appointment of Elizabeth Spence as executive vice president, human resources. Spence, formerly vice president at Gypsum Management and Supply, brings extensive experience from roles at Assurant, BellSouth/AT&T, and The Coca-Cola Company. She will oversee the strategic direction and execution of human resources and communications. CEO Michael Doss expressed confidence in her ability to attract and retain top talent as part of the company's Vision 2025 objectives.

Graphic Packaging International announced that New Seasons Market will adopt its sustainable PaperSeal tray for packaging Partner Brand Fresh Pasta, replacing plastic clamshells. This transition will eliminate 120,000 plastic packs annually, showcasing a 91% reduction in plastic use per pack. The PaperSeal tray, made from renewable fiber and designed for recyclability, has gained recognition in regions like Europe, Japan, and Australia. The initiative aligns with the industry's move towards environmentally friendly solutions.

Graphic Packaging Holding Company (NYSE: GPK) will announce its first quarter 2022 financial results before market opens on April 26, 2022. A conference call to discuss these results is scheduled for 10:00 a.m. ET, accessible via webcast from the company's website. For those wishing to participate via telephone, dial-in numbers are provided for the United States, Canada, and international participants. The second quarter results release is tentatively set for July 26, 2022.

Graphic Packaging Holding Company (NYSE:GPK) has appointed Aziz Aghili to its Board of Directors, effective March 1, 2022. Aghili, who brings extensive global leadership experience from Dana Incorporated, where he serves as executive VP, will enhance the board's strategic capabilities. His background includes over 20 years at Meritor and roles at Nissan and General Electric. The appointment comes as David D. Campbell retires after a decade of service. Aghili's integration of acquisitions and manufacturing synergies are expected to support Graphic Packaging's growth in sustainable packaging solutions.

Graphic Packaging Holding Company (NYSE: GPK) announced that Stephen R. Scherger, Executive Vice President and CFO, will present at the BofA Securities Global Agriculture and Materials Conference and the Raymond James 43rd Annual Institutional Investors Conference. The fireside chats are scheduled for March 2 at 7:30 a.m. ET and March 7 at 8:40 a.m. ET. Both discussions will be available live and on-demand via webcast on the company's website.

Graphic Packaging Holding Company (NYSE: GPK) has declared a quarterly dividend of $0.075 per share for its stockholders. The dividend is set for those on record as of March 15, 2022, with a payment date of April 5, 2022. This decision reflects the company's commitment to providing returns to its investors and highlights its solid financial position.

Graphic Packaging (NYSE:GPK) reported a 9% increase in net sales for 2021, totaling $7,156 million, driven by improved volume and pricing. Net income rose to $204 million, or $0.68 per share, despite $137 million in special charges. Adjusted EBITDA decreased to $1,056 million from $1,070 million, impacted by commodity inflation. The company executed $850 million in pricing actions to counter rising input costs. Liquidity stood at $1,288 million at year-end. The strategic AR Packaging acquisition enhances growth prospects, and 2022 EBITDA is projected between $1.4 and $1.6 billion.

Graphic Packaging Holding Company (NYSE: GPK) will release its fourth quarter and full year 2021 financial results on February 17, 2022, before market opening. This announcement will coincide with an Investor Day, featuring updates on the Company's Vision 2025 initiative. The live webcast will begin at 9 a.m. ET, with an archived version available afterward. Additionally, GPK has scheduled its first quarter 2022 financial results for April 26, 2022.