Graphic Packaging Holding Company Reports First Quarter 2024 Financial Results

*Net Sales $2,259 million, versus $2,438 million in 2023
*Net Income $165 million, versus $207 million in 2023
*Earnings per Diluted Share $0.53, versus $0.67 in 2023

Michael Doss, the Company’s President and CEO said, “During the first quarter, our diverse consumer packaging portfolio performed broadly as expected. Sales improved sequentially compared to the fourth quarter of 2023, and we generated a solid 19.6% Adjusted EBITDA margin while choosing to significantly reduce bleached paperboard production to match supply with demand. We expect volumes to improve further in the second quarter, and, excluding the impact of the Augusta bleached paperboard sale, expect to generate positive sales growth in 2024, as we partner with customers to deliver the more circular, more functional, and more convenient packaging that consumers prefer.
details at: https://investors.graphicpkg.com/news-events/press-releases/detail/282/graphic-packaging-holding-company-reports-first-quarter-2024-financial-results

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