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Jun 30, 2024
Graphic Packaging Q2 2024 Earnings Report
Delivered strong EBITDA and margin performance, divested Augusta facility, and repurchased shares.
Key Takeaways
Graphic Packaging Holding Company reported a decrease in net sales but an increase in net income for Q2 2024. The company divested its Augusta, Georgia facility and repurchased approximately 2.4% of its common shares. The company is reiterating 2024 financial guidance.
Delivered strong EBITDA and margin performance, in line with expectations.
Generated Innovation Sales Growth of $51 million.
Divested Augusta, Georgia bleached paperboard manufacturing facility.
Repurchased approximately 2.4% of Graphic Packaging Holding Company common shares outstanding.
Graphic Packaging
Graphic Packaging
Forward Guidance
The Company is reiterating 2024 financial guidance:
Positive Outlook
- Adjusted EBITDA: $1.73 billion to $1.83 billion
- Adjusted Earnings per Diluted Share: $2.65 to $2.85