---
schema_version: "secwatch.filing_event.v1"
accession: "0001408075-23-000038"
form_type: "8-K"
ticker: "GPK"
cik: "0001408075"
company_name: "GRAPHIC PACKAGING HOLDING CO"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:26:24.276089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408075-23-000038
- form_type: 8-K
- ticker: GPK
- cik: 0001408075
- company_name: GRAPHIC PACKAGING HOLDING CO
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000038/0001408075-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000038/gpk-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408075-23-000038
- JSON: https://secwatch.observer/filing/0001408075-23-000038.json
- Plain text: https://secwatch.observer/filing/0001408075-23-000038.txt

## Key facts
- Earnings Releases
  GRAPHIC PACKAGING HOLDING CO updated its Full Year 2023 guidance (reaffirmed).
  - Period: Full Year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company updated its 2023 guidance to reflect current expectations and the acquisition of Bell Incorporated, which closed during the third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000038/0001408075-23-000038-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408075/000140807523000038/0001408075-23-000038-index.htm

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