secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001408075-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000140807523000017/0001408075-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000140807523000017/gpk-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001408075-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer