Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2022 Results

2022 Highlights

  • Net Sales were $9,440 million versus $7,156 million in the prior year.
  • Net Organic Sales increased 3% from the prior year.
  • Net Income was $522 million versus $204 million in the prior year.
  • Earnings per Diluted Share were $1.69 versus $0.68 in the prior year.
  • Adjusted Earnings per Diluted Share were $2.33 versus $1.31 in the prior year.
  • Adjusted EBITDA was $1,600 million versus $1,056 million in the prior year.
  • Net debt was $5,133 million versus $5,659 million at prior year end.
  • Year-end net leverage was 3.2x versus proforma 4.6x at prior year end.
  • New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.

Graphic Packaging Holding Company (NYSE:GPK), (the “Company” or “Graphic Packaging”), a leading fiber-based consumer packaging company, today reported Net Income for fourth quarter 2022 of $156 million, or $0.50 per share, based on 309 million weighted average diluted shares. This compares to fourth quarter 2021 Net Income of $39 million, or $0.13 per share, based on 309 million weighted average diluted shares.                      

https://investors.graphicpkg.com/news/news-details/2023/Graphic-Packaging-Holding-Company-Reports-Strong-Fourth-Quarter-and-Full-Year-2022-Results-Strengthening-Leadership-in-Fiber-Based-Consumer-Packaging-with-New-Coated-Recycled-Paperboard-Mill-Investment/default.aspx

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