Graphic Packaging Q3 2021 Earnings Report

Reported third quarter 2021 results and reiterated confidence in substantial adjusted EBITDA and cash flow growth in 2022.

Key Takeaways

Graphic Packaging Holding Company reported a 5% increase in net sales to $1,782 million for the third quarter of 2021, compared to $1,698 million in the prior year period. Net income was $73 million, or $0.24 per share, compared to $64 million, or $0.23 per share, in the prior year quarter. Adjusted EBITDA was $284 million, positively impacted by pricing and net performance, offset by commodity input cost inflation.

Net Sales were $1,782 million versus $1,698 million in the prior year quarter.

Net Income was $73 million versus $64 million in the prior year quarter.

Earnings per Diluted Share were $0.24 versus $0.23 in the prior year quarter.

Adjusted Earnings per Diluted Share were $0.34 versus $0.26 in the prior year quarter.