Graphic Packaging Q1 sales down 7%, Adj. EBITDA $443M, guidance updated for Augusta sale

GRAPHIC PACKAGING HOLDING CO

2024-Q1 EPS reported $0.53 revenue$2,259,000,000

Net sales $2,259M (-7% YoY); net income $165M ($0.53 EPS) vs $207M ($0.67).
Adjusted EBITDA $443M (19.6% margin) vs $484M (19.9%); adjusted EPS $0.66 vs $0.77.
Augusta bleached paperboard sale to Clearwater Paper expected to close May 1 for ~$550M net proceeds.
FY 2024 guidance updated: Adj. EBITDA $1.73B-$1.83B, Adj. EPS $2.65-$2.85 (midpoint unchanged, reflects 4 months Augusta).
Capex $331M (up from $196M) for Waco facility; net leverage 3.0x; $31M dividends, no buybacks.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRAPHIC PACKAGING HOLDING CO reported First Quarter 2024 results: net income $165 million, EPS $0.53 per share.

Period: First Quarter 2024
Net income: $165 million
EPS: $0.53 per share
Result: reported results

Exact text from the filing

Net Income was $165 million, or $0.53 per share, based upon 309.1 million weighted average diluted shares.

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Source: SEC EDGAR

accession 0001408075-24-000017

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