Graphic Packaging Q4 2023 Earnings Report
Key Takeaways
Graphic Packaging Holding Company reported a decrease in net sales for the fourth quarter of 2023, but an increase in net income. Full year results showed flat net sales but significant increases in net income and adjusted EBITDA.
Net Sales decreased 6% to $2,249 million in Q4 2023.
Net Income for Q4 2023 was $196 million, or $0.64 per share.
Adjusted EBITDA was $457 million in Q4 2023, compared to $413 million in Q4 2022.
The company returned $48 million to stockholders through dividends and share repurchases in Q4 2023.
Graphic Packaging
Graphic Packaging
Forward Guidance
The Company’s fiscal 2024 guidance, excluding the potential impact of announced Augusta paperboard manufacturing facility sale, is as follows: Adjusted EBITDA is expected to be $1.750 billion to $1.950 billion and Adjusted Earnings per Diluted Share is expected to be $2.50 to $3.00.