Graphic Packaging Declared Financial Results for Second Quarter 2024

SEATTLE (Scrap Monster): Graphic Packaging Holding Company announced second quarter 2024 financial results. The company reported strong EBITDA and margin performance, in line with expectations.

According to company press release, the net sales during the quarter remained more or less flat at $2,237 million, in comparison with $2,392 million in Q2 2023. The net income recorded significant surge from $150 million a year before to $190 million. The adjusted EBITDA totalled $402 million, down from $453 million in the corresponding quarter a year before. The adjusted EBITDA margin stood lower at 18%, when compared with 18.9% in Q3 last year.

Graphic Packaging Holding reported earnings per diluted share of $0.62, higher from $0.49 per diluted share a year before. The adjusted earnings dropped from $.066 per diluted share in Q2 2023 to $0.60 per diluted share in Q2 this year.

Commenting on the result, Michael Doss, President and CEO, Graphic Packaging Holding said that the second quarter played out largely as expected, led by the ongoing strength in Foodservice and Beverage segment. The company’s innovation leadership was on full display during the quarter. The company is on track to attain $200 million in Innovation Sales Growth during the current year, he added.

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