Graphic Packaging (GPK) Tops Q3 EPS by 10c; Raising Adj. EBITDA Guidance
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Graphic Packaging Holding Company Reports Third Quarter 2022 Results
October 25, 2022 6:30 AM EDTQ3 2022 Highlights
Net Sales were $2,451 million versus $1,782 million in the prior year quarter.Net Organic Sales increased 5% in the quarter and 4% year-to-date driven by global demand for sustainable, innovative fiber-based consumer packaging solutions.Net Income was $193 million versus $73 million in the prior year quarter.Adjusted EBITDA was $441 million versus $284 million in the prior year quarter; positively impacted by $172 million in favorable price-cost relationship and $61 million in volume/mix.Earnings per Diluted Share were $0.62 versus $0.24 in the prior year quarter.Adjusted Earnings per Diluted Share (excluding amortization... More