earnings
confidence high
sentiment neutral
materiality 0.71
Graphic Packaging Q3 net sales down 6% to $2.22B; adj. EBITDA $433M; guidance updated
GRAPHIC PACKAGING HOLDING CO
2024-Q3 EPS reported
$1.70
revenue$6,712,000,000
- Net sales $2,216M vs $2,349M in Q3 2023, down 6%; packaging volumes returned to positive growth.
- Adjusted EBITDA $433M vs $482M YoY; adjusted EPS $0.64 vs $0.74; net leverage 3.1x.
- Full-year 2024 adjusted EBITDA guidance $1.68B-$1.73B; adjusted EPS $2.49-$2.61.
- Q3 net income $165M ($0.55 diluted EPS) vs $170M ($0.55) in prior year; adjusted net income $194M.
- Dividends of ~$30M paid in Q3; YTD returned ~$291M to stockholders via dividends and buybacks.