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Dec 31, 2022
Graphic Packaging Q4 2022 Earnings Report
Reported strong Q4 and full year results, strengthening leadership in fiber-based consumer packaging with a new coated recycled paperboard mill investment.
Key Takeaways
Graphic Packaging Holding Company reported a strong fourth quarter and full year 2022, with net income for the fourth quarter of $156 million, or $0.50 per share. Net sales increased by 20% to $2,386 million compared to the prior year period. The company is investing in a new coated recycled paperboard mill to support growing demand.
Net Sales increased 20% to $2,386 million in the fourth quarter of 2022.
Net Income for fourth quarter 2022 was $156 million, or $0.50 per share.
Adjusted EBITDA increased to $413 million in the fourth quarter of 2022 from $285 million in the fourth quarter of 2021.
The company is investing in a new coated recycled paperboard (CRB) mill to support growing demand.
Graphic Packaging
Graphic Packaging
Forward Guidance
The Company expects to grow Sales, Adjusted EBITDA, and Adjusted EPS in 2023 and further reduce net leverage to approximately 2.5x by year-end, while continuing to invest in our capabilities to drive growth.
Positive Outlook
- Expected growth in Sales in 2023
- Expected growth in Adjusted EBITDA in 2023
- Expected growth in Adjusted EPS in 2023
- Further reduction of net leverage to approximately 2.5x by year-end
- Continued investment in capabilities to drive growth
Challenges Ahead
- Effects of the COVID-19 pandemic on the Company's operations and business
- 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, and integration activities
- The impact of regulatory and litigation matters