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Sep 30, 2024
Graphic Packaging Q3 2024 Earnings Report
Graphic Packaging experienced positive packaging volume growth and consistent margin strength.
Key Takeaways
Graphic Packaging reported a decrease in net sales and adjusted EBITDA compared to the prior year, but saw positive packaging volume growth and consistent margin strength. The company is targeting 2025 financial results in line with the Vision 2030 base financial model.
Returned to positive packaging volume growth.
Innovation sales growth reached $54 million.
Net sales decreased to $2,216 million compared to $2,349 million in the prior year.
Net income was $165 million, compared to $170 million in the prior year.
Revenue by Geographic Location
Forward Guidance
The Company updated 2024 financial guidance and is currently targeting 2025 financial results in line with the Vision 2030 base financial model.
Positive Outlook
- Full-year Adjusted EBITDA: $1.68 billion to $1.73 billion
- Adjusted Earnings per Diluted Share: $2.49 to $2.61
- Low single-digit Sales growth
- Mid single-digit Adjusted EBITDA growth
- High single-digit Adjusted EPS growth
Challenges Ahead
- Inflation of and volatility in raw material and energy costs
- Continuing pressure for lower cost products
- The Company’s ability to implement its business strategies, including productivity initiatives, cost reduction plans
- The Company’s debt level, currency movements and other risks of conducting business internationally
Historical Earnings Impact
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Avg. Return Before/After Earnings
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