---
schema_version: "secwatch.filing_event.v1"
accession: "0001408075-23-000017"
form_type: "8-K"
ticker: "GPK"
cik: "0001408075"
company_name: "GRAPHIC PACKAGING HOLDING CO"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:11:55.986865+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Graphic Packaging Q1 EPS $0.67 (+91% YoY); raises FY23 EBITDA midpoint to $1.9B

## Summary
- Q1 Net Sales $2,438M (+9% YoY); Net Income $207M (+93%); Diluted EPS $0.67 (+91%).
- Adjusted EBITDA $484M (+38% YoY); adjusted EPS $0.77 (+60%).
- Raises FY23 Adj. EBITDA guidance to $1.9B midpoint (range $1.8-2.0B), up $100M.
- Net leverage 3.1x; capital returns $59M ($31M dividends, $28M buybacks).
- Launches fiber-based insulated cups with Chick-fil-A; begins construction on Waco mill.

## SEC filing metadata
- accession: 0001408075-23-000017
- form_type: 8-K
- ticker: GPK
- cik: 0001408075
- company_name: GRAPHIC PACKAGING HOLDING CO
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000017/0001408075-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000017/gpk-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408075-23-000017
- JSON: https://secwatch.observer/filing/0001408075-23-000017.json
- Plain text: https://secwatch.observer/filing/0001408075-23-000017.txt

## Key facts
- Earnings Releases
  GRAPHIC PACKAGING HOLDING CO reported first quarter 2023 results: revenue $2,438 million, net income $207 million, EPS $0.67. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $2,438 million
  - Net income: $207 million
  - EPS: $0.67
  - Guidance: raised
  - Result: reported results
  source text: Graphic Packaging Holding Company Reports Strong First Quarter 2023 Financial Results Raises Full Year 2023 Adjusted EBITDA Guidance Midpoint to $1.9 Billion Q1 2023 Highlights • Net Sales were $2,438 million, an increase of 9% versus the prior year quarter. • Net Organic Sales increased 1% versus the prior year quarter. • Net Income was $207 million, an increase of 93% versus the prior year quarter. • Adjusted EBITDA was $484 million, an increase of 38% versus the prior year quarter. • Earnings per Diluted Share were $0.67, an increase of 91% versus the prior year quarter. • Adjusted Earnings per Diluted Share were $0.77, an increase of 60% versus the prior year quarter. • Net leverage was 3.1x versus 3.2x at year-end 2022. • Full-year 2023 Adjusted EBITDA guidance increased by $100 million to $1.9 billion at the midpoint of the guidance range.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000017/0001408075-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.