Latest news with #GraphicPackagingHoldingCompany
Yahoo
4 days ago
- Business
- Yahoo
Graphic Packaging to Present at Wells Fargo Industrials and Materials Conference on June 11
ATLANTA, June 5, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging"), a global leader in sustainable consumer packaging, today announced that Stephen R. Scherger, Executive Vice President and Chief Financial Officer, will present at the Wells Fargo Industrials and Materials Conference on Wednesday, June 11th at 3:15pm ET. The presentation will be available live and in replay via webcast. The archived webcast can be accessed from the Graphic Packaging website at Contact: About Graphic Packaging Holding CompanyGraphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, designs and produces consumer packaging made primarily from renewable or recycled materials. An industry leader in innovation, the Company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving the world's most widely recognized brands in food, beverage, foodservice, household, and other consumer products. Learn more at View original content to download multimedia: SOURCE Graphic Packaging Holding Company
Yahoo
22-05-2025
- Business
- Yahoo
Graphic Packaging Appoints New Board Member Alessandro Maselli
ATLANTA, May 22, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), a global leader in sustainable consumer packaging, today announced that Alessandro Maselli has joined its Board of Directors. Mr. Maselli is currently president and chief executive officer of Catalent Pharma Solutions and a member of its board. Mr. Maselli has held a range of leadership positions at Catalent over the past fourteen years, progressing from director of operations at a health and personal care plant in Italy, through general manager of operations in the U.K., vice president of operations for drug delivery solutions in Europe, senior vice president of global operations, and president and chief operating officer, before his appointment as president and CEO in 2022. He previously held leadership roles at Alstrom SA, SGS SA, and ABB Group, after beginning his career as an automation systems engineer in the food industry. Graphic Packaging Chairman of the Board Philip Martens said of the appointment: "Alessandro brings deep commercial and operations experience that is well-aligned with our Vision 2030 innovation and execution priorities. As CEO of a fast-moving, results-driven global health care company, he will add important perspective and insight to the Board." President and CEO of Graphic Packaging Michael Doss said: "Alessandro's hands-on experience in the global pharmaceutical, health care, and personal care markets will be invaluable as we expand our position in these demanding markets. I look forward to benefiting from his counsel as we leverage our strong European position and our North American competitive advantages to bring innovative packaging solutions to global and regional market leaders on both continents." Contact Information Media: Comms@ Investors: About Graphic Packaging Holding Company Graphic Packaging designs and produces consumer packaging made primarily from renewable or recycled materials. An industry leader in innovation, the Company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving the world's most widely recognized brands in food, beverage, foodservice, household, and other consumer products. Learn more at View original content to download multimedia: SOURCE Graphic Packaging Holding Company
Associated Press
01-05-2025
- Business
- Associated Press
Graphic Packaging Holding Company Reports First Quarter 2025 Financial Results
Highlights ATLANTA, May 1, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ('Graphic Packaging' or the 'Company'), a global leader in sustainable consumer packaging, today reported first quarter 2025 results. Net Income in first quarter 2025 was $127 million, or $0.42 per diluted share, versus $165 million, or $0.53 per diluted share in first quarter 2024. First quarter 2025 and 2024 Net Income was impacted by special items and amortization of purchased intangibles of $27 million and $38 million, respectively. Excluding special items and amortization of purchased intangibles, Adjusted Net Income for the first quarter of 2025 was $154 million, or $0.51 per diluted share, and $203 million, or $0.66 per diluted share in first quarter 2024. Michael Doss, the Company's President and CEO said, 'First quarter results fell short of our expectations in a challenging economic and consumer environment. Consumers are redoubling their efforts to find value as food prices continue to rise. Meanwhile, promotional activity is driving mix and brand switching, rather than incremental foot traffic and volume gains. Against that backdrop, we saw a small volume decline in the Americas business, but continued improvement in our International business. Leveraging our growing cost and quality advantage and the strength of our innovation portfolio, we continue to gain market position as we partner with customers in a rapidly changing market. We saw an uptick in input cost inflation during the quarter, and responded with a price increase intended to bring margins back to a more normal range. With our Waco, Texas recycled paperboard investment nearing completion, our capital spending needs decline substantially, and yesterday our Board of Directors approved a new $1.5 billion share repurchase authorization, taking the total available authorization to $1.865 billion. In February, we announced a ten percent increase in our quarterly dividend. We expect to return substantial cash to stockholders in the months and years ahead through a growing dividend and share repurchase.' Operating Results Net Sales First quarter 2025 Net Sales decreased 6% to $2,120 million, versus $2,259 million in the same quarter last year. The decline was driven by a $110 million impact from the divestiture of the Augusta, GA bleached paperboard manufacturing facility and reduced open market sales participation, and a $27 million unfavorable foreign exchange impact. Modest price pressure was offset by a modest volume increase. EBITDA First quarter 2025 EBITDA decreased 17% to $353 million. Excluding the impact of business combinations and other special items, Adjusted EBITDA was $365 million versus $443 million in the same quarter last year. The decline in Adjusted EBITDA was driven by a $25 million decline relating to the divestiture of the Augusta, GA bleached paperboard manufacturing facility and reduced open market sales participation; a $34 million decline in price, volume, and mix; higher costs which were partially offset by Net Performance, and a $6 million unfavorable foreign exchange impact. First quarter Adjusted EBITDA Margin was 17.2% in 2025, and 19.6% in 2024. Other Results Total Debt (Long-Term, Short-Term and Current Portion) increased $526 million during first quarter 2025 to $5,735 million, compared to fourth quarter 2024. Net Debt (Total Debt less Cash and Cash Equivalents) increased $554 million during first quarter 2025 to $5,606 million, compared to fourth quarter 2024. The Company's first quarter 2025 Net Leverage Ratio was 3.5x compared to 3.0x in the fourth quarter of 2024. Capital expenditures in first quarter 2025 were $313 million, versus $331 million in the same quarter last year. The Company returned approximately $30 million to stockholders during the first three months of 2025 through regular dividends. 2025 Annual Guidance and Commentary The Company currently expects full-year 2025 Net Sales, Adjusted EBITDA, and Adjusted EPS, including foreign exchange impact, of $8.2 billion to $8.5 billion, $1.4 billion to $1.6 billion, and $1.75 to $2.25, respectively. The reductions from prior guidance reflect an expectation of a 2% volume decline and $80 million of input cost inflation at the midpoint. The range of guidance has been widened to reflect higher macroeconomic and consumer spending uncertainty. Full-year 2025 capital spending is currently expected to be in the range of $700 million as the Company's Waco, Texas recycled paperboard investment moves toward completion later this year. Innovation Sales Growth, Net Performance, and Non-GAAP Reconciliations We define Innovation Sales Growth as incremental sales of a product that delivers a significant change in materials used, package functionality, or design to a new or existing customer. We define Net Performance as the impact of cost and productivity initiatives, production efficiencies and/or disruptions, and other operating impacts. A tabular reconciliation of EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted EPS, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, Net Debt and Net Leverage is attached to this release. Earnings Call The Company will host a conference call at 10:00 a.m. ET today (May 1, 2025) to discuss the results of first quarter 2025. The conference call will be webcast and can be accessed from the Investors website at Participants may also listen via telephone by using the following dial-in numbers: Toll-Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 129770 Investors: [email protected] Media: [email protected] Forward Looking Statements Any statements of the Company's expectations in this press release, including but not limited to volume and cash generation increases, 2025 Adjusted EBITDA and Adjusted Earning per Diluted Share guidance, and 2025 commentary on net sales, Adjusted EBITDA and Adjusted EPS, as well as input cost inflation, constitute 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's present expectations. These risks and uncertainties include, but are not limited to, inflation of and volatility in raw material and energy costs, continuing pressure for lower cost products, the Company's ability to implement its business strategies, including productivity initiatives, cost reduction plans, as well as the Company's debt level, currency movements and other risks of conducting business internationally and the impact of regulatory and litigation matters, including the continued availability of the Company's U.S. federal income tax attributes to offset U.S. federal income taxes and the timing related to the Company's future U.S. federal income tax payments. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements, except as required by law. Additional information regarding these and other risks is contained in the Company's periodic filings with the SEC. About Graphic Packaging Holding Company Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, designs and produces consumer packaging made primarily from renewable or recycled materials. An industry leader in innovation, the Company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving the world's most widely recognized brands in food, beverage, foodservice, household, and other consumer products. Learn more at GRAPHIC PACKAGING HOLDING COMPANY Reconciliation of Non-GAAP Financial Measures The tables below set forth the calculation of the Company's earnings before interest expense, income tax expense, depreciation and amortization, including pension amortization ('EBITDA'), Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, Net Leverage Ratio, and Total Net Debt. Adjusted EBITDA and Adjusted Net Income exclude charges associated with: the Company's business combinations, facility shutdowns, and other special items. The Company's management believes that the presentation of EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio provides useful information to investors because these measures are regularly used by management in assessing the Company's performance. EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio are financial measures not calculated in accordance with generally accepted accounting principles in the United States ('GAAP'), and are not measures of net income, operating income, operating performance, or liquidity presented in accordance with GAAP. EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio should be considered in addition to results prepared in accordance with GAAP, but should not be considered substitutes for or superior to GAAP results. In addition, our EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share, Adjusted Net Cash Provided by Operating Activities, Adjusted Cash Flow, and Net Leverage Ratio may not be comparable to Adjusted EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate such measures in the same manner as we do. View original content to download multimedia: SOURCE Graphic Packaging Holding Company
Yahoo
03-04-2025
- Business
- Yahoo
Area packaging plant to close, plans to layoff over 130 workers
Graphic Packaging Holding Company plans to close its manufacturing location in Middletown. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] The company submitted a WARN notice to the Ohio Department of Job and Family Services on April 1, announcing its plan to lay off more than 130 employees. The company is permanently closing its facility located at 407 Charles Street in Middletown. TRENDING STORIES: Off-duty park ranger credited with finding child at center of Amber Alert Trees fall on homes; power lines down from dangerous storms Zelle shuts down standalone app transfers, can still send money through banks The closure date will depend on multiple factors, but the facility is expected to close around the end of May, according to Senior Director and Resident Mill Manager Robert A. Black. 'The expected first separations will occur during the 14-day period beginning on June 2, 2025, and ending on June 16, 2025,' Black said in the WARN notice. The United Steel, Paper and Forestry Rubber, Manufacturing, Energy Allied Industrial and Service Workers International Union, ('USW'), Local 1973, represents the company's hourly production employees. The union has been notified about the layoffs, according to Black as part of the WARN notice. Graphic Packaging International, LLC creates sustainable consumer packaging and its headquarters are located in Atlanta, Georgia. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
31-03-2025
- Business
- Yahoo
Should You Invest in Graphic Packaging (GPK)?
RS Investments, an investment management company, released its 'RS Concentrated All Cap Value Strategy' fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500® Index saw a 25% gain for the year, following a 23% increase in 2023. Such back-to-back years of over 20% returns are rare, highlighting the overall positive trend despite some year-end weakness. In the fourth quarter, the strategy outperformed its benchmark Russell 3000® Value Index (the 'Index') and returned 1.07% net versus a return of -1.94% for the Index. The strong performance from stock selection in Health Care and Utilities aided relative performance in the quarter, while stock selection in Real Estate and Consumer Staples detracted. In addition, you can check the fund's top 5 holdings to determine its best picks for 2024. In its fourth quarter 2024 investor letter, RS Concentrated All Cap Value Strategy emphasized stocks such as Graphic Packaging Holding Company (NYSE:GPK). Graphic Packaging Holding Company (NYSE:GPK) designs and manufactures consumer packaging products. The one-month return of Graphic Packaging Holding Company (NYSE:GPK) was -0.11%, and its shares lost 8.89% of their value over the last 52 weeks. On March 28, 2025, Graphic Packaging Holding Company (NYSE:GPK) stock closed at $26.12 per share with a market capitalization of $7.842 billion. RS Concentrated All Cap Value Strategy stated the following regarding Graphic Packaging Holding Company (NYSE:GPK) in its Q4 2024 investor letter: "Graphic Packaging Holding Company (NYSE:GPK) is an integrated provider of paperboard packaging, delivering cartons and containers for food, beverage and consumer products. In the most recent quarter, GPK experienced sluggish volumes as its customers are still seeing stagnant demand from consumers given price increases over the past year. While volume growth will be tepid in the short term, the company is still gaining share from other container materials such as plastic as its customers transition to more sustainable, paper based solutions. Also, the company is currently building a new facility in Texas after recently completing an upgrade on another paperboard manufacturing plant in Michigan. Once GPK completes construction in Texas, the company will have a low-cost position in the industry which will provide higher returns on invested capital and increased cash flow. We continue to believe that Graphic is well positioned to provide value to our fundholders as, with the return of volume growth and the completion of its capital projects, the company will show increasing ROIC and return increasing amounts of free cash flow to shareholders." Workers in protective gear carrying packages of coated unbleached kraft for shipping. Graphic Packaging Holding Company (NYSE:GPK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Graphic Packaging Holding Company (NYSE:GPK) at the end of the fourth quarter compared to 29 in the third quarter. While we acknowledge the potential of Graphic Packaging Holding Company (NYSE:GPK) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Graphic Packaging Holding Company (NYSE:GPK) in a previous article, where we shared the list of best boring stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
