Graphic Packaging Q3: Adj. EPS up 10% to $0.74; revenue down 4% to $2.35B

GRAPHIC PACKAGING HOLDING CO

2023-Q3 EPS reported $1.70 revenue$7,179,000,000

GAAP net income $170M ($0.55 EPS) down 12% YoY; adjusted EPS $0.74 up 10% YoY.
Net sales $2,349M, down 4% on unfavorable volume/mix partially offset by pricing and FX.
Adjusted EBITDA $482M (up 9% YoY); full-year guidance reaffirmed at $1.875-1.925B.
Completed acquisition of Bell Incorporated in September; CRB machine transformation on track.
Net debt $5,462M with leverage 3.0x; year-end target 2.6x-2.7x; $39M returned to shareholders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRAPHIC PACKAGING HOLDING CO updated its Full Year 2023 guidance (reaffirmed).

Period: Full Year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company updated its 2023 guidance to reflect current expectations and the acquisition of Bell Incorporated, which closed during the third quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRAPHIC PACKAGING HOLDING CO reported third quarter of 2023 results: revenue $2,349 million, net income $170 million, EPS $0.55 per share.

Period: third quarter of 2023
Revenue: $2,349 million
Net income: $170 million
EPS: $0.55 per share
Result: reported results

Exact text from the filing

Exchange Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- Graphic Packaging Holding Company Reports Third Quarter 2023 Financial Results Highlights • Net Sales were $2,349 million, a decrease of 4% versus the prior year quarter. • Net Income was $170 million, a decrease of 12% versus the prior year quarter. • Adjusted EBITDA was $482 million, an increase

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Source: SEC EDGAR

accession 0001408075-23-000038

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