---
schema_version: "secwatch.filing_event.v1"
accession: "0001408075-24-000017"
form_type: "8-K"
ticker: "GPK"
cik: "0001408075"
company_name: "GRAPHIC PACKAGING HOLDING CO"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:15:43.425399+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408075-24-000017
- form_type: 8-K
- ticker: GPK
- cik: 0001408075
- company_name: GRAPHIC PACKAGING HOLDING CO
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408075/000140807524000017/0001408075-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408075/000140807524000017/gpk-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408075-24-000017
- JSON: https://secwatch.observer/filing/0001408075-24-000017.json
- Plain text: https://secwatch.observer/filing/0001408075-24-000017.txt

## Key facts
- Earnings Releases
  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
  source text: Net Income was $165 million, or $0.53 per share, based upon 309.1 million weighted average diluted shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408075/000140807524000017/0001408075-24-000017-index.htm

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