earnings
confidence high
sentiment negative
materiality 0.80
Graphic Packaging Q2 adjusted EBITDA down 26% to $247M; lowers full-year guidance
GRAPHIC PACKAGING HOLDING CO
- Q2 net sales $2,188M (-1% YoY); net income $24M ($0.08 EPS) vs $104M ($0.34) prior year.
- Adjusted EBITDA $247M vs $336M; margin 11.3% vs 15.3%; inflation impact $60M in quarter.
- Full-year guidance: Net sales at high end of $8.4B-$8.6B; Adj. EBITDA at low end of $1.05B-$1.25B; Adj. EPS lowered to $0.65-$0.90.
- Adjusted cash flow guidance cut to $600M-$700M; capex below $450M; net leverage 4.7x.
- Footprint optimization: divested Croatia facility, closing Lebanon, TN, evaluating Winsford, UK.