Graphic Packaging narrows FY25 adjusted EPS view to $1.90-$2.20 from $1.75-$2.25

Consensus $2.05. Raises FY25 revenue view to $8.4B-$8.6B from $8.2B-$8.5B, consensus $8.53B. Narrows FY25 adjusted EBITDA view to $1.45B-$1.55B from $1.4B-$1.6B. The company said, “The Company currently expects full-year 2025 Net Sales, Adjusted EBITDA, and Adjusted EPS, including foreign exchange impact, of $8.4 billion to $8.6 billion, $1.45 billion to $1.55 billion, and $1.90 to $2.20, respectively. The changes from prior guidance reflect actual first half performance and a narrowing of and modest increase in second half revenue expectations. Volume and market uncertainty remain higher than normal. Full-year 2025 capital spending is currently expected to be approximately $850 million. The increase in expected capital spending reflects higher final design and construction costs at the Company’s Waco, Texas recycled paperboard facility. These higher costs are not expected to materially affect total project returns. The Company expects the increased spending to be offset by lower cash taxes and reduced working capital, leaving expected 2025 free cash flow unchanged.”