Graphic Packaging Q2 net income $150M (+127% YoY); EPS $0.49; announces Bell acquisition

GRAPHIC PACKAGING HOLDING CO

2023-Q2 EPS reported $1.15 revenue$4,830,000,000

Net sales $2.39B (+1% YoY); net income $150M (+127% YoY); diluted EPS $0.49 vs $0.21 prior year.
Adjusted EBITDA $453M (+14% YoY); adjusted diluted EPS $0.66 (+10% YoY).
Announced definitive agreement to acquire Bell Incorporated for ~$200M sales, $30M adj. EBITDA; expected close Q4 2023.
Board approved $500M increase to share repurchase authorization; full year 2023 guidance reiterated (adj. EBITDA $1.8-2.0B, adj. EPS $2.70-3.10).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GRAPHIC PACKAGING HOLDING CO reported second quarter of 2023 results: revenue $2,392 million, net income $150 million, EPS $0.49 per share. Guidance reaffirmed.

Period: second quarter of 2023
Revenue: $2,392 million
Net income: $150 million
EPS: $0.49 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results; Reiterates Full Year 2023 Guidance Highlights • Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. • Net Income was $150 million, an increase of 127% versus the prior year quarter. • Adjusted EBITDA was $453 million, an

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Source: SEC EDGAR

accession 0001408075-23-000027

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