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

Related Posts

International Paper to Build State-of-the-Art Corrugated Packaging Plant in Atglen, Pennsylvania to Meet Growing Customer Demand in the Region

International Paper announced it will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania. The facility will employ approximately 150 team members. "We are excited to expand our footprint and continue serving our customers with the highest level of safety, quality, operational excellence and customer service," said Greg Wanta, senior vice president, North American Container. The facility will allow International Paper to expand its Industrial Packaging footprint in the northeastern United States. Construction is set to begin in the first quarter of 2022 and the company expects the plant to be fully operational in the first quarter of 2023.

TC Transcontinental Packaging Launches New Sustainable Packaging Website Section

TC Transcontinental Packaging is proud to announce the launch of a new website section on sustainability and flexible packaging. The section is available at www.tc.tc/packaging/sustainability and is accessible through desktop and mobile. The content has been updated to share with clients and consumers the benefits of flexible packaging, including its positive impact for the environment. It is modern, engaging and full of resources. From TC Transcontinental’s 2025 commitment to a 10-step journey to create sustainable packaging, the new website section sets out what brands and CPG’s need to consider to help them achieve their sustainability objectives.

Mondi’s RetortPouch Recyclable wins Swiss Packaging Award

Mondi has been recognised by the Swiss Packaging Institute (SVI) for its RetortPouch Recyclable solution. The packaging won the Swiss Packaging Award for the Sustainability category and was developed for Coop’s private label range of healthy pulses and grains sold in Switzerland. RetortPouch Recyclable, made of polypropylene (PP)-based mono-material, offers exceptional shelf life and reduces potential food waste. The innovative packaging can replace complex multilayer unrecyclable packaging that uses aluminum or metallised layers to provide high barrier food protection. RetortPouch Recyclable is able to withstand high temperatures during the retort process used in food preparation and is suitable for a wide range of applications in the ready-made food and pet food industries. The packaging, which is used for Coop’s products that are manufactured by Hilcona, has an attractive yet sturdy stand-up design that includes a transparent window to allow consumers to view the product on-shelf.
Back To Top
×Close search
Search