earnings
confidence high
sentiment neutral
materiality 0.70
Graphic Packaging Q2 net sales $2.24B (-6% YoY); adj. EBITDA $402M; reaffirms FY guidance
GRAPHIC PACKAGING HOLDING CO
2024-Q2 EPS reported
$1.15
revenue$4,496,000,000
- Net sales $2,237M vs $2,392M in Q2 2023; net income $190M ($0.62 EPS) vs $150M ($0.49 EPS).
- Adjusted EBITDA $402M (18.0% margin) vs $453M (18.9%); adjusted EPS $0.60 vs $0.66.
- Divested Augusta bleached paperboard facility on May 1; repurchased ~7.2M shares for $200M.
- Issued $500M of 6.375% Senior Notes due 2032; net leverage 2.9x vs 3.0x a year ago.
- FY 2024 guidance reiterated: adj. EBITDA $1.73-$1.83B; adj. EPS $2.65-$2.85.