Announcement • May 06
Graphic Packaging Holding Company Reiterates Earnings Guidance for the Year 2026 Graphic Packaging Holding Company reiterates earnings guidance for the year 2026. For the period, the company expects Net Sales $8.4 billion to $8.6 billion. Announcement • Apr 16
Graphic Packaging Holding Company, Annual General Meeting, Jun 11, 2026 Graphic Packaging Holding Company, Annual General Meeting, Jun 11, 2026. Announcement • Apr 02
Graphic Packaging Holding Company to Report Q2, 2026 Results on Aug 04, 2026 Graphic Packaging Holding Company announced that they will report Q2, 2026 results at 9:30 AM, US Eastern Standard Time on Aug 04, 2026 Announcement • Mar 12
Graphic Packaging Holding Company Appoints Jeffrey Stafeil as Board Member Graphic Packaging Holding Company announced that Jeffrey Stafeil has joined its Board of Directors. Mr. Stafeil is currently Chief Executive Officer of RESRG Automotive and a member of its board of directors. Mr. Stafeil has held a range of leadership positions across the global automotive supply and industrial manufacturing sectors over the past 30 years. Prior to joining RESRG Automotive, he served as Chief Financial Officer of Tenneco Automotive and Adient plc. Earlier in his career, Mr. Stafeil was Chief Executive Officer of DURA Automotive Systems LLC, and Chief Financial Officer of Visteon Corporation and Metaldyne LLC. He began his career in accounting and consulting. Announcement • Feb 27
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on April 8, 2026 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.11 per share of common stock to stockholders of record at the close of business on March 15, 2026. The dividend is payable on April 8, 2026. Announcement • Feb 03
Graphic Packaging Holding Company Provides Earnings Guidance for 2026 Graphic Packaging Holding Company provided earnings guidance for 2026. For the period, the Company expects Net Sales to be in the range of $8.4 billion to $8.6 billion. Announcement • Jan 09
Graphic Packaging Holding Company Announces Departure of Lauren S. Tashma, Executive Vice President, General Counsel, and Secretary, Effective January 6, 2026 Graphic Packaging Holding Company and Lauren S. Tashma, the Company's Executive Vice President, General Counsel and Secretary, on January 5, 2026 initiated a transition process whereby Ms. Tashma will depart from her current role with the Company. To assist with the transition process, Ms. Tashma has relinquished her position with the Company as of January 6, 2026, but retains her positions as an officer or director of certain subsidiaries and remains an employee through the end of the day on March 1, 2026. As a result of her departure, Ms. Tashma is expected to be eligible for the separation benefits payable upon a separation from service initiated by the Company under the terms of the Company's Executive Severance Plan. Ms. Tashma is expected to enter into a Release Agreement to memorialize the terms of this arrangement that will also contain a general release of claims. The Company also expects to enter into a transition services agreement with Ms. Tashma to support other ongoing matters. Announcement • Jan 06
Graphic Packaging Holding Company to Report Q1, 2026 Results on May 05, 2026 Graphic Packaging Holding Company announced that they will report Q1, 2026 results at 12:30 PM, US Eastern Standard Time on May 05, 2026 Announcement • Dec 19
Eminence Capital Sends Letter to Graphic Packaging Board of Directors On December 19, 2025, Eminence Capital LP announced that it has sent a letter to Graphic Packaging Holding Company’s Board of Directors on December 15, 2025, following the Board's seemingly inexplicable and clearly rushed decision to replace long-standing CEO Mike Doss with Robbert Reitbroek and it views that the Company did it without proper diligence. In addition, Eminence Capital believes that chairman Phil Martens wields outsized influence over Company's board, has jeopardized shareholder value, and should resign and encourages shareholders with similar concerns to voice them. Further, Eminence Capital has stated it will evaluate all available options to ensure that the Company Board of Directors is composed solely of individuals dedicated to protecting shareholder value, indicates a commitment to potentially undertaking further actions, which could include nominating new board members or launching a public campaign, to achieve the desired governance changes at the Company. Announcement • Dec 04
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on January 7, 2026 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.11 per share of common stock to stockholders of record at the close of business on December 15, 2025. The dividend is payable on January 7, 2026. Announcement • Nov 04
Graphic Packaging Holding Company Provides Earnings Guidance for the Full-Year 2025 Graphic Packaging Holding Company provided earnings guidance for the full-year 2025. For the period, the company expects Net Sales $8.4 billion to $8.6 billion. Announcement • Sep 30
Graphic Packaging Holding Company to Report Q4, 2025 Results on Feb 03, 2026 Graphic Packaging Holding Company announced that they will report Q4, 2025 results on Feb 03, 2026 Announcement • Aug 01
Graphic Packaging Holding Company Declares Quarterly Dividend on Common Stock, Payable on October 5, 2025 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.11 per share of common stock to stockholders of record at the close of business on September 15, 2025. The dividend is payable on October 5, 2025. Announcement • Jul 30
Graphic Packaging Holding Company Provides Earnings Guidance for the Full-Year 2025 Graphic Packaging Holding Company provided earnings guidance for the full-year 2025. For the period, the company expects Net Sales $8.4 billion to $8.6 billion. Announcement • Jun 30
Graphic Packaging Holding Company(NYSE:GPK) dropped from Russell 1000 Dynamic Index Graphic Packaging Holding Company(NYSE:GPK) dropped from Russell 1000 Dynamic Index Announcement • Jun 25
Graphic Packaging Holding Company to Report Q3, 2025 Results on Nov 04, 2025 Graphic Packaging Holding Company announced that they will report Q3, 2025 results on Nov 04, 2025 Announcement • Apr 02
Graphic Packaging Holding Company, Annual General Meeting, May 21, 2025 Graphic Packaging Holding Company, Annual General Meeting, May 21, 2025. Location: at 1500 riveredge parkway, georgia 30328, atlanta, United States Announcement • Apr 01
Graphic Packaging Holding Company to Close Middletown, Ohio Paperboard Manufacturing Facility Graphic Packaging Holding Company announced that it will permanently close its Middletown, Ohio, coated recycled paperboard manufacturing facility on or about June 1, 2025. The closure is part of a previously disclosed plan to consolidate recycled paperboard production into Kalamazoo, Michigan, and the new Waco, Texas, facility, which is expected to begin commercial production later this year. The Middletown closure will affect approximately 130 employees. The closure of Middletown advances the Company's strategy to build competitive advantage in paperboard manufacturing while driving environmental improvements including water and energy efficiency. Announcement • Mar 27
Graphic Packaging Holding Company to Report Q2, 2025 Results on Jul 29, 2025 Graphic Packaging Holding Company announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • Dec 18
Graphic Packaging Holding Company to Report Q1, 2025 Results on May 01, 2025 Graphic Packaging Holding Company announced that they will report Q1, 2025 results on May 01, 2025 Announcement • Nov 15
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on January 5, 2025 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on December 15, 2024. The dividend is payable on January 5, 2025. Recent Insider Transactions • Nov 08
Insider recently sold €700k worth of stock On the 6th of November, Michael Farrell sold around 26k shares on-market at roughly €27.01 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €7.7m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$0.55 (vs US$0.55 in 3Q 2023) Third quarter 2024 results: EPS: US$0.55 (down from US$0.55 in 3Q 2023). Revenue: US$2.22b (down 5.7% from 3Q 2023). Net income: US$165.0m (down 2.9% from 3Q 2023). Profit margin: 7.4% (up from 7.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Graphic Packaging Holding Company Provides Earnings Guidance for the Year 2025 Graphic Packaging Holding Company provided earnings guidance for the Year 2025. For the period, the expects low single-digit sales growth. Announcement • Sep 19
Graphic Packaging Holding Company to Report Q4, 2024 Results on Feb 04, 2025 Graphic Packaging Holding Company announced that they will report Q4, 2024 results on Feb 04, 2025 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 05 October 2024. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%). Recent Insider Transactions • Aug 11
President recently sold €7.7m worth of stock On the 9th of August, Michael Doss sold around 300k shares on-market at roughly €25.73 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Declared Dividend • Aug 04
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 13th September 2024 Payment date: 5th October 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 02
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on October 5, 2024 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on September 15, 2024. The dividend is payable on October 5, 2024. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.62 (vs US$0.49 in 2Q 2023) Second quarter 2024 results: EPS: US$0.62 (up from US$0.49 in 2Q 2023). Revenue: US$2.24b (down 6.5% from 2Q 2023). Net income: US$190.0m (up 27% from 2Q 2023). Profit margin: 8.5% (up from 6.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Graphic Packaging Holding Company Appoints Andy Callahan to Its Board of Directors Graphic Packaging Holding Company announced that consumer packaged goods industry executive Andy Callahan has joined its Board of Directors, as the company ushers in ambitious Vision 2030 goals announced in February. Mr. Callahan is currently a Director at Harry's Inc., a leading retail consumer products company, and over the past 29 years held executive leadership positions across the consumer packaged goods industry. Mr. Callahan served as President, CEO, and Executive Director at Hostess Brands from 2018 to 2023, and in two President-level roles from 2014 to 2017 at Tyson Foods, where he led its multibillion-dollar retail foodservice and international divisions and oversaw a major brand integration. Mr. Callahan also served as President (Retail) at Hillshire Brands and in three senior leadership positions at Sara Lee Corporation, which he joined in 2009 following a 14-year career at Kraft Foods. Before joining Kraft Foods, he was a Naval Flight Officer in the United States Navy. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 18% and the cash payout ratio is 83%. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Announcement • Jun 06
Graphic Packaging Holding Company to Report Q3, 2024 Results on Oct 29, 2024 Graphic Packaging Holding Company announced that they will report Q3, 2024 results on Oct 29, 2024 Declared Dividend • May 27
First quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 24
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on July 5, 2024 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on June 15, 2024. The dividend is payable on July 5, 2024. New Risk • May 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€2.4m sold). Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.54 (vs US$0.67 in 1Q 2023) First quarter 2024 results: EPS: US$0.54 (down from US$0.67 in 1Q 2023). Revenue: US$2.26b (down 7.3% from 1Q 2023). Net income: US$165.0m (down 20% from 1Q 2023). Profit margin: 7.3% (down from 8.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 09
Graphic Packaging Holding Company, Annual General Meeting, May 23, 2024 Graphic Packaging Holding Company, Annual General Meeting, May 23, 2024, at 10:00 US Eastern Standard Time. Location: 1500 Riveredge Parkway Atlanta Georgia United States Agenda: To consider election of Directors; to consider ratification of Independent Registered Public Accounting Firm; to consider advisory Vote on Executive Compensation (Say-on-Pay); to consider approval of the Graphic Packaging Holding Company 2024 Omnibus Incentive Compensation Plan; and to consider Simple Majority Vote. Announcement • Mar 21
Graphic Packaging Holding Company to Report Q2, 2024 Results on Jul 30, 2024 Graphic Packaging Holding Company announced that they will report Q2, 2024 results on Jul 30, 2024 Recent Insider Transactions • Mar 13
Insider recently sold €702k worth of stock On the 12th of March, Michael Farrell sold around 28k shares on-market at roughly €24.99 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.7%). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Aziz Aghili was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 29
Insider recently sold €1.7m worth of stock On the 27th of February, Joseph Yost sold around 70k shares on-market at roughly €24.14 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 14th March 2024 Payment date: 5th April 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$2.35 (vs US$1.69 in FY 2022) Full year 2023 results: EPS: US$2.35 (up from US$1.69 in FY 2022). Revenue: US$9.43b (flat on FY 2022). Net income: US$723.0m (up 39% from FY 2022). Profit margin: 7.7% (up from 5.5% in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on April 5, 2024 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on March 15, 2024. The dividend is payable on April 5, 2024. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.10 per share at 1.7% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.8%). Announcement • Nov 17
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on January 5, 2024 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on December 15, 2023. The dividend is payable on January 5, 2024. Announcement • Nov 01
Graphic Packaging Holding Company Provides Earnings Guidance for the Full Year 2023 Graphic Packaging Holding Company provided earnings guidance for the Full Year 2023. For the period, the expects Net Sales are expected to be $9.5 billion to $9.6 billion. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$0.55 (vs US$0.63 in 3Q 2022) Third quarter 2023 results: EPS: US$0.55 (down from US$0.63 in 3Q 2022). Revenue: US$2.35b (down 4.2% from 3Q 2022). Net income: US$170.0m (down 12% from 3Q 2022). Profit margin: 7.2% (down from 7.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
Graphic Packaging Holding Company Permanently Decommissions the K3 Coated Recycled Paperboard Machine in Kalamazoo, Michigan Graphic Packaging Holding Company announced that it will permanently decommission the K3 coated recycled paperboard (CRB) machine in Kalamazoo, Michigan. The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. K3 ceased operation on July 1 and today's announcement reflects the decision to permanently shut down the 125,000-tons per annum machine. Removing higher-cost, less efficient production capacity is part of Graphic Packaging's CRB optimization plan first announced in 2019 alongside the transformational investment in a new, K2 CRB machine. Permanently decommissioning the older machine is the company's next step of network optimization. With K2 reaching expected quality, cost improvement and volume commitments ahead of schedule, the permanent decommissioning of K3 supports more efficient resource use and margin enhancement goals for the CRB network, while continuing to service increased customer demand for high quality coated recycled paperboard. The machine decommission is not expected to have any impact on the company's 2023 projected Adjusted EBITDA of $1.9 billion, the midpoint of the previously provided guidance range. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.10 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). Announcement • Aug 03
Graphic Packaging Holding Company (NYSE:GPK) entered into a definitive agreement to acquire Bell Incorporated. Graphic Packaging Holding Company (NYSE:GPK) entered into a definitive agreement to acquire Bell Incorporated on August 1, 2023. The transaction includes three well-capitalized packaging facilities in the Midwest. The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. Jefferies Group LLC acted as financial advisor to Bell Incorporated. Announcement • Aug 02
Graphic Packaging Holding Company Provides Earnings Guidance for 2023 Graphic Packaging Holding Company provided earnings guidance for 2023. For the period, the company expects Net Sales to be approximately $10 billion. New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€3.8m sold). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.49 (vs US$0.21 in 2Q 2022) Second quarter 2023 results: EPS: US$0.49 (up from US$0.21 in 2Q 2022). Revenue: US$2.39b (up 1.4% from 2Q 2022). Net income: US$150.0m (up 127% from 2Q 2022). Profit margin: 6.3% (up from 2.8% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jun 16
Graphic Packaging Holding Company to Report Q3, 2023 Results on Oct 31, 2023 Graphic Packaging Holding Company announced that they will report Q3, 2023 results on Oct 31, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.10 per share at 1.5% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Announcement • May 25
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on July 5, 2023 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock to stockholders of record at the close of business on June 15, 2023. The dividend is payable on July 5, 2023. Recent Insider Transactions • May 10
Executive VP & CFO recently sold €3.8m worth of stock On the 9th of May, Stephen Scherger sold around 160k shares on-market at roughly €23.56 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Announcement • May 05
Graphic Packaging Holding Company Announces Retirement of Paul D. Carrico from the Board of Directors On May 1, 2023, Mr. Paul D. Carrico retired from the Board of Directors of Graphic Packaging Holding Company. Mr. Campbell’s retirement was in accordance with the retirement provisions in the Company’s Corporate Governance Guidelines and did not result from any disagreement with the Company or its management. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.35 in 1Q 2022) First quarter 2023 results: EPS: US$0.67 (up from US$0.35 in 1Q 2022). Revenue: US$2.44b (up 8.6% from 1Q 2022). Net income: US$207.0m (up 94% from 1Q 2022). Profit margin: 8.5% (up from 4.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.10 per share at 1.7% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.1%). Recent Insider Transactions • Mar 02
Insider recently sold €1.4m worth of stock On the 28th of February, Joseph Yost sold around 60k shares on-market at roughly €22.60 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$1.69 (vs US$0.69 in FY 2021) Full year 2022 results: EPS: US$1.69 (up from US$0.69 in FY 2021). Revenue: US$9.44b (up 32% from FY 2021). Net income: US$522.0m (up 156% from FY 2021). Profit margin: 5.5% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
Graphic Packaging Holding Company to Report Q1, 2023 Results on Apr 25, 2023 Graphic Packaging Holding Company announced that they will report Q1, 2023 results on Apr 25, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 85%. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.1%). Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.63 (up from US$0.24 in 3Q 2021). Revenue: US$2.45b (up 38% from 3Q 2021). Net income: US$193.0m (up 164% from 3Q 2021). Profit margin: 7.9% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Announcement • Sep 30
Graphic Packaging Holding Company to Report Q4, 2022 Results on Jan 31, 2023 Graphic Packaging Holding Company announced that they will report Q4, 2022 results on Jan 31, 2023 Announcement • Sep 23
Graphic Packaging Holding Company Announces Quarterly Dividend, Payable on January 5, 2023 Graphic Packaging Holding Company announced that its Board of Directors voted to increase the quarterly dividend to $0.10 per share of common stock, a 33% increase from the prior quarterly dividend of $0.075. The dividend is payable on January 5, 2023, to common stockholders of record at the close of business on December 15, 2022. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Aug 18
Insider recently sold €293k worth of stock On the 17th of August, Michael Farrell sold around 13k shares on-market at roughly €22.96 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Senior Vice President of Sales recently sold €1.0m worth of stock On the 1st of August, Jean-Francois Roche sold around 47k shares on-market at roughly €21.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Announcement • Aug 03
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on October 5, 2022 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.075 per share of common stock to stockholders of record at the close of business on September 15, 2022. The dividend is payable on October 5, 2022. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.21 (vs US$0.13 in 2Q 2021) Second quarter 2022 results: EPS: US$0.21 (up from US$0.13 in 2Q 2021). Revenue: US$2.36b (up 36% from 2Q 2021). Net income: US$66.0m (up 74% from 2Q 2021). Profit margin: 2.8% (up from 2.2% in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Graphic Packaging Holding Company to Report Q3, 2022 Results on Oct 25, 2022 Graphic Packaging Holding Company announced that they will report Q3, 2022 results on Oct 25, 2022 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (2.9%). Announcement • May 26
Graphic Packaging Holding Company Declares Quarterly Dividend, Payable on July 5, 2022 Graphic Packaging Holding Company announced that its Board of Directors declared a quarterly dividend of $0.075 per share of common stock to stockholders of record at the close of business on June 15, 2022. The dividend is payable on July 5, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.35 (vs US$0.20 in 1Q 2021) First quarter 2022 results: EPS: US$0.35 (up from US$0.20 in 1Q 2021). Revenue: US$2.25b (up 36% from 1Q 2021). Net income: US$107.0m (up 98% from 1Q 2021). Profit margin: 4.8% (up from 3.3% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 06
Graphic Packaging Holding Company Appoints Elizabeth Spence as Executive Vice President, Human Resources Graphic Packaging Holding Company announced that Elizabeth Spence will join the company as executive vice president, human resources. Spence will have responsibility for leading the strategic direction and operational execution of all aspects of human resources as well as the internal and external communications functions. Ms. Spence joins Graphic Packaging from Gypsum Management and Supply where she was most recently vice president and chief human resources officer. Prior to that, she was vice president of human resources at Assurant and held leadership roles within BellSouth/ATT and The Coca-Cola Company. Announcement • Apr 02
Graphic Packaging Holding Company, Annual General Meeting, May 24, 2022 Graphic Packaging Holding Company, Annual General Meeting, May 24, 2022, at 10:00 Eastern Daylight. Location: Graphic Packaging Holding Company 1500 Riveredge Parkway Suite 100 Atlanta Georgia United States Agenda: To consider election of Directors; to consider ratification of Independent Registered Public Accounting Firm; to consider advisory Vote on Executive Compensation. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.69 (up from US$0.60 in FY 2020). Revenue: US$7.16b (up 9.1% from FY 2020). Net income: US$204.0m (up 22% from FY 2020). Profit margin: 2.9% (up from 2.6% in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 21%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Mary Rhinehart was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 05 January 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.4%). 
