Graphic Packaging Holding Company
Description
Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers unbleached, bleached, and recycled paperboard to various paperboard packaging converters and brokers. It also provides paperboard packaging products for consumer packaged goods companies; and cups, lids, and food containers for foodservice companies and quick-service restaurants serving the food, beverage, and consumer product markets, including healthcare and beauty. The company also designs, manufactures, and installs specialized packaging machines. The company sells its products through sales offices, as well as through broker arrangements with third parties in the Americas, Europe, and the Asia Pacific. Graphic Packaging Holding Company was incorporated in 2007 and is headquartered in Atlanta, Georgia.
About
CEO
Mr. Michael P. Doss
Employees
23,500
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Packaging & Containers
MIC code
XNYS
Address
1500 Riveredge Parkway, Atlanta, GA 30328, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 19, 2025 | — | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 7 | — | 10 |
| Average estimate | — | 0.62 | — | 2.69 |
| Low estimate | — | 0.55 | — | 2.60 |
| High estimate | — | 0.66 | — | 2.79 |
| Last year EPS | — | 0.66 | — | 2.52 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-16.130%
Next qtr. (Mar 2025)
-6.710%
Current year
-13.280%
Next year (Dec 2025)
6.560%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 9.43B | 9.44B | 7.16B | 6.56B | 6.16B |
| Cost of revenue | 7.31B | 7.61B | 6.09B | 5.46B | 5.07B |
| Gross profit | 2.12B | 1.83B | 1.07B | 1.10B | 1.09B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 805.00M | 774.00M | 528.00M | 513.00M | 512.00M |
| Other operating expenses | 64.00M | 19.00M | -2.00M | 2.00M | 8.00M |
| Operating income | 1.25B | 1.04B | 545.00M | 585.00M | 572.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 239.00M | 197.00M | 123.00M | 129.00M | 141.00M |
| Other income expense | -77.00M | -124.00M | -133.00M | -212.00M | -77.00M |
| Pretax income | 932.00M | 716.00M | 289.00M | 244.00M | 354.00M |
| Tax provision | 210.00M | 194.00M | 74.00M | 42.00M | 76.00M |
| Net income | 723.00M | 522.00M | 216.00M | 203.00M | 278.00M |
| Basic EPS | 2.35 | 1.69 | 0.69 | 0.60 | 0.70 |
| Diluted EPS | 2.34 | 1.69 | 0.68 | 0.60 | 0.70 |
| Basic average shares | 308.20M | 308.80M | 297.10M | 278.80M | 294.10M |
| Diluted average shares | 308.20M | 308.80M | 297.10M | 278.80M | 294.10M |
| EBITDA | 1.86B | 1.60B | 1.04B | 910.00M | 980.00M |
| Net income from continuing op. | 723.00M | 522.00M | 216.00M | 203.00M | 278.00M |
| Minority interests | — | — | -12.00M | -36.00M | -71.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 11.18B | 10.33B | 10.46B | 7.81B | 7.29B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 162.00M | 150.00M | 172.00M | 179.00M | 152.90M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 716.00M | 804.00M | 785.00M | 597.00M | 451.20M |
| Other receivables | 119.00M | 75.00M | 74.00M | 57.00M | 53.30M |
| Inventory | 1.75B | 1.61B | 1.39B | 1.13B | 1.10B |
| Prepaid assets | — | — | — | — | 41.20M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 94.00M | 71.00M | 84.00M | 59.00M | 52.30M |
| Non current assets | |||||
| Properties | — | — | — | — | 202.80M |
| Land and improvements | 195.00M | 187.00M | 175.00M | 137.00M | 130.40M |
| Machinery furniture equipment | 7.69B | 7.38B | 6.75B | 6.08B | 5.83B |
| Construction in progress | 657.00M | 234.00M | 882.00M | 478.00M | 202.60M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -4.67B | -4.29B | -4.04B | -3.81B | -3.57B |
| Goodwill | 5.03B | 4.68B | 4.90B | 3.39B | 3.43B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 820.00M | 717.00M | 868.00M | 437.00M | 477.30M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 415.00M | 347.00M | 395.00M | 310.00M | 297.00M |
| Total liabilities | 8.39B | 8.18B | 8.56B | 5.97B | 4.93B |
| Current liabilities | |||||
| Accounts payable | 1.09B | 1.12B | 1.13B | 825.00M | 716.10M |
| Accrued expenses | 191.00M | 194.00M | 193.00M | 112.00M | 93.70M |
| Short term debt | 826.00M | 119.00M | 352.00M | 558.00M | 105.20M |
| Deferred revenue | 30.00M | 32.00M | 29.00M | 21.00M | 15.20M |
| Tax payable | 64.00M | 58.00M | 50.00M | 57.00M | 38.40M |
| Pensions | 279.00M | 298.00M | 221.00M | 216.00M | 168.40M |
| Other current liabilities | 13.00M | 12.00M | — | 9.00M | 8.50M |
| Non current liabilities | |||||
| Long term debt | 4.80B | 5.38B | 5.71B | 3.30B | 2.96B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 731.00M | 668.00M | 579.00M | 540.00M | 511.80M |
| Derivative product liabilities | — | — | — | 400,000 | 3.00M |
| Other non current liabilities | 108.00M | 29.00M | 33.00M | 83.00M | 54.60M |
| Shareholders equity | |||||
| Common stock | 3.00M | 3.00M | 3.00M | 3.00M | 2.90M |
| Retained earnings | 1.03B | 469.00M | 66.00M | -48.00M | 56.40M |
| Other shareholders equity | -313.00M | -377.00M | -224.00M | -246.00M | -365.80M |
| Total shareholders equity | 2.78B | 2.15B | 1.89B | 1.84B | 2.36B |
| Additional paid in capital | 2.06B | 2.05B | 2.05B | 1.72B | 1.88B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 1.00M | 1.00M | 2.00M | 416.00M | 792.10M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | 723.00M | 522.00M | 216.00M | 203.00M | 278.00M | 294.00M | 300.20M | 228.00M | 230.10M | 89.00M | 146.70M | 120.10M | 275.20M | 10.70M | 56.40M | -99.70M | -74.60M | -100.50M | -91.10M | -60.90M | -82.90M | -11.20M | -65.60M | -7.00M | 27.59M | 21.30M | 27.70M | -92.00M | 23.90M | 20.20M | 13.00M | -21.30M | 1.30M |
| Depreciation | 619.00M | 553.00M | 489.00M | 476.00M | 447.00M | 430.60M | 330.30M | 299.30M | 280.50M | 270.00M | 277.40M | 266.80M | 278.40M | 288.70M | 305.40M | 264.30M | 201.70M | 204.80M | 213.60M | 237.60M | 168.00M | 140.70M | 144.70M | 91.96M | 81.44M | 57.50M | 42.70M | 49.50M | 49.90M | 46.10M | 41.60M | 39.40M | 35.50M |
| Deferred Taxes | 22.00M | 131.00M | 55.00M | -1.00M | 53.00M | 26.00M | -54.00M | 76.70M | 110.00M | 33.10M | 62.70M | 76.00M | -238.40M | 21.60M | 19.60M | 28.00M | 19.00M | 19.50M | 24.50M | 23.60M | -2.80M | -10.70M | -700,000 | 11.68M | -908,000 | 7.30M | 12.30M | -6.10M | 700,000 | 2.30M | 6.20M | -23.50M | 2.20M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 64.00M | 24.00M | 102.00M | 19.00M | 20.00M | 39.70M | 7.10M | 30.20M | 25.10M | 35.80M | 26.50M | 23.70M | 26.80M | 16.00M | 200,000 | 2.70M | 28.10M | 3.90M | — | — | — | — | — | — | — | 100,000 | 1.60M | — | -100,000 | 2.80M | — | -12.40M | 100,000 |
| Accounts Receivable | -39.00M | -184.00M | -106.00M | -216.00M | -108.00M | -1.16B | -658.80M | -541.90M | -1.50M | -25.50M | 49.30M | 7.30M | 700,000 | 5.00M | -6.50M | 16.50M | -4.40M | -1.00M | -9.50M | -7.70M | 26.50M | -9.60M | 17.30M | -3.27M | 3.76M | 2.90M | 11.60M | 10.90M | 5.30M | -20.20M | -8.40M | -800,000 | 4.60M |
| Accounts Payable | -140.00M | 132.00M | 77.00M | 71.00M | -9.00M | 76.20M | 27.00M | 4.30M | 12.70M | 13.30M | -13.90M | 6.80M | 27.50M | 6.00M | 19.40M | -21.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -119.00M | -171.00M | -207.00M | 89.00M | -70.00M | -46.60M | -18.50M | -9.10M | -25.30M | -19.10M | -67.10M | -7.40M | -39.00M | 27.00M | 108.70M | 5.00M | -36.10M | 12.20M | -4.60M | 18.30M | -34.40M | -12.11M | -11.65M | -11.58M | 8.77M | -8.10M | 1.90M | -36.50M | 11.40M | -5.50M | -24.90M | 11.50M | 4.30M |
| Operating Cash Flow | 1.13B | 1.01B | 626.00M | 641.00M | 611.00M | -338.20M | -66.70M | 87.50M | 631.60M | 396.60M | 481.60M | 493.30M | 331.20M | 375.00M | 503.20M | 195.40M | 133.70M | 138.90M | 132.90M | 210.90M | 74.40M | 97.09M | 84.05M | 81.79M | 120.66M | 81.00M | 97.80M | -74.20M | 91.10M | 45.70M | 27.50M | -7.10M | 48.00M |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditures | -23.00M | -27.00M | -27.00M | -30.00M | -22.00M | -16.40M | -19.20M | -16.00M | -15.20M | -14.30M | — | — | 2.30M | — | 9.80M | 20.30M | -86.40M | -89.00M | -109.70M | -137.30M | -136.60M | -56.00M | -57.30M | 12.65M | 79.07M | -247.30M | -42.60M | -48.70M | -46.70M | -38.20M | -27.10M | -47.90M | -112.40M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -361.00M | — | -1.70B | -121.00M | -55.00M | -89.40M | -189.40M | -332.70M | -163.20M | -173.80M | — | -105.00M | -51.90M | — | — | 29.90M | — | — | — | — | -93.90M | — | — | — | -905.07M | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -383.00M | -32.00M | -1.74B | -159.00M | -82.00M | -63.30M | -199.70M | -353.90M | -170.90M | 3.90M | 64.80M | -90.70M | -49.40M | 100,000 | 5.20M | 39.50M | -90.80M | -90.40M | -114.20M | -143.30M | -220.90M | -58.70M | -90.00M | 212.65M | -812.20M | -247.70M | -91.60M | -84.30M | -47.00M | -56.70M | -29.00M | -52.80M | -118.80M |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | 2.97B | 3.41B | 2.80B | 1.88B | 1.20B | 1.50B | 903.00M | 2.21B | 2.15B | 2.67B | 92.10M | 169.40M | 423.80M | 1.20B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -4.34B | -4.46B | -5.29B | -2.63B | -2.90B | -1.94B | -1.12B | -1.26B | -978.80M | -2.47B | -2.23B | -2.74B | -338.80M | -386.10M | -973.10M | -2.05B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -16.00M | 2.00M | -274.00M | -504.00M | -11.00M | -13.30M | 8.80M | -1.70M | -1.30M | -27.50M | -19.80M | -14.50M | -300,000 | -10.70M | -16.10M | -16.70M | -7.10M | -700,000 | -3.70M | -500,000 | -86.00M | -12.30M | -19.00M | -6.31M | — | 100,000 | — | — | — | 2.20M | 1.10M | 38.50M | 10.00M |
| Financing Cash Flow | -4.40B | -4.84B | -1.86B | -126.00M | -724.00M | -217.00M | 52.50M | -27.60M | -240.20M | -348.40M | -308.70M | -52.90M | 49.90M | -228.30M | -707.80M | -733.60M | -7.10M | -700,000 | -3.70M | -100,000 | -86.80M | -21.41M | -31.18M | 92.60M | 10.50M | 500,000 | 7.90M | 1.20M | 4.60M | 2.20M | 1.10M | 29.70M | 800,000 |
| Other Cash Details | |||||||||||||||||||||||||||||||||
| End Cash Position | 162.00M | 150.00M | 172.00M | 179.00M | 153.00M | 70.50M | 67.40M | 59.10M | 54.90M | 81.60M | 52.20M | 51.50M | 271.80M | 138.70M | 149.80M | 170.10M | 9.30M | 7.30M | 12.70M | 7.30M | 17.50M | 13.80M | 7.40M | 4.01M | 15.90M | 26.20M | 49.40M | — | — | — | — | — | — |
| Income Tax Paid | 157.00M | 43.00M | 25.00M | 27.20M | 25.80M | 25.80M | 15.90M | -14.50M | 11.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 221.00M | 176.00M | 116.00M | 119.50M | 126.80M | 125.00M | 81.80M | -64.90M | 60.90M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 340.00M | 541.00M | -193.00M | 179.00M | 313.00M | -769.00M | -452.60M | -220.60M | 345.10M | 325.20M | 248.80M | 265.30M | 227.70M | 215.30M | 373.60M | 900,000 | 45.80M | 46.80M | 58.30M | 116.50M | 20.20M | 31.50M | 30.40M | 32.37M | 43.68M | -281.90M | 61.20M | -11.30M | 37.20M | 2.10M | -4.40M | -38.90M | -70.40M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Allspring Special Mid Cap Value Fund | Nov 30, 2024 | 12,907,300 | 342.56M | 4.30% |
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 9,638,495 | 255.81M | 3.21% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 9,543,692 | 253.29M | 3.18% |
| Undiscovered Managers Behavioral Value Fund | Sep 30, 2024 | 8,654,706 | 229.70M | 2.88% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 7,513,013 | 199.40M | 2.50% |
| MFS Series Trust XI-MFS Mid Cap Value Fund | Sep 30, 2024 | 6,350,770 | 168.55M | 2.12% |
| Vanguard Explorer Fund, Inc. | Oct 31, 2024 | 5,165,169 | 137.08M | 1.72% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 5,085,533 | 134.97M | 1.69% |
| American Century Small Cap Value Fund | Sep 30, 2024 | 4,530,000 | 120.23M | 1.51% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 4,487,120 | 119.09M | 1.50% |
Article
Graphic Packaging Holding Company (GPK) Q4 2024 Earnings Call Transcript
Graphic Packaging Holding Company (NYSE:GPK ) Q4 2024 Earnings Conference Call February 4, 2024 10:00 AM ET Company Participants Melanie Skijus - VP, IR Michael Doss - President and CEO Stephen Scherger - EVP and CFO Conference Call Participants Lewis Merrick - BNP Paribas Exane Anthony Pettinari - Citi Phil Ng - Jefferies Gabe Hajde - Wells Fargo Securities Ghansham Panjabi - Baird Matt Roberts - Raymond James George Staphos - Bank of America Arun Viswanathan - RBC Capital Market Operator Greetings. Welcome to the Graphic Packaging Holding Company Fourth Quarter and Full Year 2024 Conference Call.
Feb 4, 2025
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Graphic Packaging (GPK) Misses Q4 Earnings and Revenue Estimates
Graphic Packaging (GPK) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.75 per share a year ago.
Feb 4, 2025
Article
Graphic Packaging Holding Company Reports Fourth Quarter and Full-Year 2024 Results
Full-Year 2024 Highlights Launched Vision 2030 Delivered Adjusted EBITDA margin of 19.1% Returned to positive packaging volume growth in second half of the year Achieved Innovation Sales Growth of $205 million Executed Virtual Power Purchase Agreement to increase renewable energy use in Europe Repurchased 2% of common shares outstanding; returned $322 million of capital to stockholders Full-Year 2024 Financial Results Net Sales $8,807 million, versus $9,428 million in 2023 Net Income $658 million, versus $723 million in 2023 Adjusted EBITDA $1,682 million, versus $1,876 million in 2023 Adjusted EBITDA Margin 19.1%, versus 19.9% in 2023 Earnings per Diluted Share $2.16, versus $2.34 in 2023 Adjusted Earnings per Diluted Share $2.49, versus $2.91 in 2023 Net Leverage 3.0x, versus 2.8x at prior year-end ATLANTA , Feb. 4, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging" or the "Company"), a global leader in sustainable consumer packaging, today reported fourth quarter and full-year 2024 results. Net Income for fourth quarter 2024 was $138 million, or $0.46 per share, based upon 302.7 million weighted average diluted shares.
Feb 4, 2025
