Graphic Packaging Holding Reports Q3 2024 Results
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Graphic Packaging Holding Reports Q3 2024 Results

Graphic Packaging Holding ( (GPK) ) has realeased its Q3 earnings. Here is a breakdown of the information Graphic Packaging Holding presented to its investors.

Graphic Packaging Holding Company, based in Atlanta, Georgia, is a global leader in sustainable consumer packaging, specializing in products made from renewable or recycled materials for various consumer industries.

In the third quarter of 2024, Graphic Packaging reported a decline in net sales to $2.216 billion from $2.349 billion in the same quarter of 2023, with net income slightly decreasing from $170 million to $165 million. The company highlighted a return to positive packaging volume growth and notable innovation sales growth of $54 million.

Key performance indicators showed a decrease in adjusted EBITDA to $433 million from $482 million in the previous year, with a corresponding reduction in the adjusted EBITDA margin from 20.5% to 19.5%. This was influenced by factors such as the divestiture of the Augusta facility and challenges like weather and power issues. On the innovation front, the company launched new products, including paperboard cups and containers, which contributed to innovation sales growth.

Looking forward, Graphic Packaging remains optimistic with its strategic investments and innovations. The company expects improvements in packaging volume and cash generation, aligning with its Vision 2030 financial goals, aiming for low single-digit sales growth and higher earnings growth in the coming years.

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