Here are the 10-Q quarterly reports from Graphic Packaging Holding Company (GPK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GPK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GPK filings page.
Graphic Packaging Holding Co. (GPK) reported third-quarter 2026 net income of $22 million, compared with $142 million a year earlier, while operating income was $101 million versus $234 million. Net sales were $2.192 billion, compared with $2.190 billion. For the first nine months, net income was $3 million versus $373 million, and diluted earnings per share were $0.01 versus $1.24.
Operating cash flow totaled $295 million for the nine months, compared with $320 million a year earlier. Capital spending was $287 million, versus $808 million. Costs related to the reported restructurings totaled $112 million for nine months, compared with $57 million; the company also recorded a $13 million loss on the sale of its Croatia business. At September 30, long-term debt including current portion was $5.509 billion, and the company was in compliance with a 4.44 to 1.00 consolidated total leverage ratio. A November 2 amendment extended leverage-ratio covenant relief through September 30, 2028. The board declared dividends of $0.11 per common share, with October 6, 2026 as the latest payment date.
Graphic Packaging Holding Company reported Q1 2026 results with net sales of $2,156 million, up 2% from $2,120 million a year earlier, driven by higher volumes, innovation sales and favorable foreign exchange, partly offset by lower pricing. Income from operations fell to $19 million from $221 million as weather, higher maintenance, production curtailments, labor and commodity inflation, and lower pricing more than offset cost savings. The company recorded $71 million in business combinations, exit and other special charges, including $40 million to discontinue automated roll warehouse projects, $18 million for cost and production optimization (mainly severance), and $13 million of impairment on held-for-sale assets, leading to a net loss of $43 million versus net income of $127 million in Q1 2025. Net cash used in operating activities improved to $113 million from $174 million, while capital spending decreased to $140 million from $313 million as the Waco, Texas recycled paperboard facility ramp-up wound down. Total debt remained high, with a March 31, 2026 Consolidated Total Leverage Ratio of 4.18 to 1.00, below the amended maximum of 5.00 to 1.00 and an interest coverage ratio of 5.48 to 1.00. The company continues to emphasize sustainable, fiber-based packaging, innovation-led sales growth and ongoing restructuring to streamline its manufacturing footprint and cost base.
Graphic Packaging Holding Company reported lower results for Q3 2025. Net sales were $2,190 million versus $2,216 million a year ago, and income from operations was $234 million versus $278 million. Net income was $142 million (diluted EPS $0.48) compared with $165 million ($0.55). Comprehensive income was $139 million, down from $217 million, as currency translation swung to a small loss.
Year-to-date, net sales were $6,514 million versus $6,712 million, with net income of $373 million ($1.24 diluted EPS) versus $520 million ($1.70). Operating cash flow was $320 million, and capital spending reached $808 million, reflecting investments including the new Waco, Texas paperboard facility and related network changes. The company repurchased $150 million of stock (6.8 million shares at an average $22.17) and paid three quarterly dividends of $0.11 per share. Cash was $120 million and total debt (including current) was $5,920 million; long-term debt (excluding current) was $5,472 million. In May, the company issued $100 million of 5.00% tax-exempt Green Bonds maturing in 2030 to help fund Waco. The company recorded $22 million of Q3 charges in exit and special items tied to facility closures and start-up costs.