Graphic Packaging Q3 2022 Earnings Report

Net sales increased driven by pricing and improved volume/mix, and net income increased compared to the prior year quarter.

Key Takeaways

Graphic Packaging Holding Company reported strong Q3 2022 results, with net sales increasing by 38% to $2,451 million, driven by pricing and volume/mix improvements. Net income rose to $193 million, or $0.62 per share, compared to $73 million, or $0.24 per share, in the prior year quarter. Adjusted EBITDA was $441 million, positively impacted by favorable price-cost relationship and volume/mix.

Net sales were $2,451 million versus $1,782 million in the prior year quarter.

Net Organic Sales increased 5% in the quarter driven by global demand.

Net Income was $193 million versus $73 million in the prior year quarter.

Adjusted EBITDA was $441 million versus $284 million in the prior year quarter, positively impacted by favorable price-cost relationship and volume/mix.

Total Revenue

$2.45B

Previous year: $1.78B