secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001408075-23-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000140807523000027/0001408075-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000140807523000027/gpk-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001408075-23-000027

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