Education
About Us
Working with TipRanks
Follow Us
Graphic Packaging (GPK)
NYSE:GPK
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.51Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call outlines clear positives — world-class manufacturing assets (Waco/Kalamazoo) now ramping, materially lower capex in 2026, strong free cash flow guidance ($700M–$800M), a defined transformation plan, and a commitment to deleveraging — but also highlights significant near-term headwinds: weak demand and competitive pricing (particularly from bleached paperboard overcapacity), elevated inventory requiring production curtailments, higher-than-expected Waco project costs, and elevated leverage/interest costs. Management presents credible levers to restore margins and generate cash, yet multiple transitory and structural challenges leave the outlook balanced between opportunity and risk.Company Guidance
Strong asset base and Waco/Kalamazoo ramp
Waco is substantially complete and already producing top-quality recycled paperboard; Waco and Kalamazoo described as the highest quality and most efficient recycled paperboard facilities in North America. Waco total project cost now estimated at $1.67B (including ~$80M capitalized interest) with spending through 2025 of ~$1.58B; startup costs came in ~ $40M in 2025 (below prior expectation).
2026 free cash flow guidance
Company expects adjusted free cash flow of $700M to $800M in 2026 driven by lower capex, inventory reduction, and operational improvements.
CapEx reduction and discipline
2025 capital spend was $935M; capex is expected to decline to approximately $450M in 2026 (a step-down of roughly $485M), with new project approvals held to a higher return threshold and long-term capex targeted at or below 5% of sales.
EBITDA guidance and pro forma recovery
2026 adjusted EBITDA guidance of $1.05B to $1.25B on a reported basis and $1.2B to $1.4B on a pro forma/normalized basis (excluding temporary production curtailments).
Planned deleveraging and capital returns
Net leverage at 3.8x at year-end 2025; company expects to pay down approximately $500M of debt in 2026 and prioritizes deleveraging en route to an investment-grade target by 2030; intends to resume opportunistic share repurchases and grow dividends as leverage declines.
Commercial & innovation strengths
Emphasis on disciplined, customer-centric organic growth and faster commercialization of innovations (examples: Pacesetter, Rangier, ProducePack, VaporSeal) expected to drive ~2% of sales growth from innovation and help recover volumes over time.
Q4 and FY 2025 core metrics
Q4 net sales were $2.1B (essentially flat YoY); Q4 adjusted EBITDA was $311M. Full-year net sales were ~$8.6B (down ~2% YoY) and full-year adjusted EBITDA was approximately $1.4B; adjusted EPS for FY2025 was $1.80.
Operational improvement initiatives
New CEO and transformation office launched, with focus areas that include SG&A reduction, manufacturing footprint optimization, productivity, AI deployment, and a selective portfolio review to focus resources on areas with durable competitive advantage.
GPK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $14.78 | $12.42 | -15.97% |
Nov 04, 2025 | $15.55 | $16.93 | +8.88% |
Jul 29, 2025 | $22.84 | $22.18 | -2.89% |
May 01, 2025 | $24.87 | $21.00 | -15.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Graphic Packaging (GPK) report earnings?
Graphic Packaging (GPK) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Graphic Packaging (GPK) earnings time?
Graphic Packaging (GPK) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPK EPS forecast?
GPK EPS forecast for the fiscal quarter 2026 (Q1) is 0.11.