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Dec 31, 2024

Graphic Packaging Q4 2024 Earnings Report

Graphic Packaging reported a decrease in net sales and net income compared to the previous year, but highlighted strategic investments and innovation for long-term value creation.

Key Takeaways

Graphic Packaging Holding Company reported fourth quarter 2024 results, with net sales decreasing by 7% to $2,095 million and net income at $138 million, or $0.46 per share. The company is focusing on driving competitive advantage in recycled paperboard and expanding innovation capabilities.

Net sales decreased by 7% to $2,095 million in Q4 2024.

Net income for Q4 2024 was $138 million, or $0.46 per share.

Adjusted EBITDA for Q4 2024 was $404 million, with an adjusted EBITDA margin of 19.3%.

The company announced a 10% increase in the quarterly dividend, to $0.11 per common share, effective for the first quarter 2025.

Total Revenue
$2.1B
Previous year: $2.25B
-6.8%
EPS
$0.59
Previous year: $0.75
-21.3%
Net Leverage Ratio
3
Previous year: 2.8
+7.1%
Gross Profit
$453M
Previous year: $512M
-11.5%
Cash and Equivalents
$157M
Previous year: $162M
-3.1%
Free Cash Flow
$179M
Previous year: $230M
-22.2%
Total Assets
$11.1B
Previous year: $11.2B
-0.3%

Graphic Packaging

Graphic Packaging

Forward Guidance

The Company currently expects 2025 Net Sales, Adjusted EBITDA, and Adjusted EPS, excluding foreign exchange impact, of $8.7 billion to $8.9 billion, $1.68 billion to $1.78 billion, and $2.53 to $2.78, respectively.

Positive Outlook

  • Expected Net Sales of $8.6 billion to $8.8 billion.
  • Adjusted EBITDA expected to be $1.66 billion to $1.76 billion.
  • Adjusted EPS expected to be $2.48 to $2.73.
  • Capital spending is currently expected to be in the range of $700 million.
  • Company's Waco, Texas recycled paperboard investment moves toward completion.

Challenges Ahead

  • Estimates current foreign exchange headwinds to Net Sales of approximately $120 million.
  • Estimates current foreign exchange headwinds to Adjusted EBITDA of approximately $20 million.
  • Estimates current foreign exchange headwinds to Adjusted EPS of approximately $0.05.
  • Inflation of and volatility in raw material and energy costs
  • Changes in consumer buying habits and product preferences