Graphic Packaging (GPK) Misses Q2 EPS by 7c, provides guidance

Graphic Packaging (NYSE: GPK) reported Q2 EPS of $0.66, $0.07 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.49 billion.

Full Year 2023 Guidance
The Company is reiterating 2023 guidance.

Net Sales are expected to be approximately $10 billion.
Adjusted EBITDA is expected to be between $1.8 and $2.0 billion.
Adjusted Cash Flow is expected to be between $600 and $800 million.
Net Leverage Ratio at year-end is expected to be at or below 2.5x Adjusted EBITDA.
Adjusted Earnings per Diluted Share (Excluding Amortization of Purchased Intangibles) is expected to be between $2.70 and $3.10.
Guidance excludes the pending acquisition of Bell Incorporated.

For earnings history and earnings-related data on Graphic Packaging (GPK) click here.

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