secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001408075-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graphic Packaging Q2 net sales $2.24B (-6% YoY); adj. EBITDA $402M; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000140807524000026/0001408075-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000140807524000026/gpk-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001408075-24-000026

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