Graphic Packaging Q4 2021 Earnings Report
Key Takeaways
Graphic Packaging Holding Company reported Q4 2021 results with net income of $39 million, or $0.13 per share. Net sales increased by 20% to $1,988 million. The company's strategic initiatives and price execution are expected to result in 2022 Adjusted EBITDA in a range of $1.4 to $1.6 billion.
Net sales increased 20% to $1,988 million in the fourth quarter of 2021.
Net income for fourth quarter 2021 was $39 million, or $0.13 per share.
Adjusted EBITDA increased $20 million to $285 million in the fourth quarter of 2021 from $265 million in the fourth quarter of 2020.
The AR Packaging acquisition, completed in the fourth quarter, has further strengthened innovative offerings for consumers and positions the company for growth in new geographies, markets and products.
Graphic Packaging
Graphic Packaging
Forward Guidance
Execution of strategic initiatives, including significant price execution, is expected to result in 2022 Adjusted EBITDA in a range of $1.4 to $1.6 billion, a 42% year over year growth rate at the midpoint. The resulting robust cash flow we expect to generate will allow us to return to our desired leverage range of 2.5 to 3.0 times in 2023.