Graphic Packaging Holding Company Reports Fourth Quarter and Full Year 2021 Results
2021 Highlights: *Net Sales were $7,156 million versus $6,560 million in the prior year. *Net Organic Sales increased approximately 2% in the fourth quarter and full year versus the prior year periods. *Net Income was $204 million versus $167 million in the prior year. *Executing approximately $850 million in recognized pricing actions in 2021 and 2022 to address commodity input cost inflation. *Commissioning the world's lowest-cost and highest-quality coated recycled paperboard production capabilities at the Kalamazoo, Michigan campus. *Completed AR Packaging and Americraft acquisitions, significantly expanding geographies, markets and the product portfolio. Graphic Packaging Holding Company (NYSE:GPK), (the "Company" or "Graphic Packaging"), a leading provider of sustainable packaging solutions to food, beverage, foodservice, and other consumer products companies, today reported Net Income for fourth quarter 2021 of $39 million, or $0.13 per share, based on 309 million weighted average diluted shares. This compares to fourth quarter 2020 Net Income of $64 million, or $0.24 per share, based on 270 million weighted average diluted shares.