secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001408075-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000140807524000017/0001408075-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000140807524000017/gpk-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001408075-24-000017

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