NYSE$GPK

Graphic Packaging Holding Co · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported first quarter 2020 results, actively kept employees safe, served customers in current COVID-19 environment, and accelerated strategic actions.

Graphic Packaging Holding Company reported a strong start to 2020 with a 6.2% increase in net sales to $1,599.1 million and positive net organic volume growth of 5%. Net income was ($12.7) million, impacted by a net $103.9 million of special charges. The company is suspending annual Adjusted EBITDA and cash flow guidance due to the COVID-19 crisis.

  • Net Sales were $1,599.1 million versus $1,505.9 million in the prior year period.
  • Net Income was ($12.7) million versus $57.9 million in the prior year period, including a net $89.7 million non-cash charge related to the settlement of a U.S. pension plan.
  • Adjusted Earnings per Diluted Share were $0.31 versus $0.21 in the prior year period.
  • Adjusted EBITDA was $294.8 million versus $259.7 million in the prior year period, driven by positive net organic volume growth of 5% and solid productivity.

Headline financials

Total Revenue

$1.6B

Previous: $1.51B+6.2%
EPS (adj)

$0.31

Previous: $0.21+47.6%
Adjusted EBITDA Margin

18.4%

No prior period
Net Leverage Ratio

3.18

No prior period
Capital Expenditures

-$6.5M

Previous: -$7M+7.1%
Free Cash Flow

-$19.2M

Previous: $50.9M-137.7%
Net Income

-$12.7M

Previous: $57.9M-121.9%
Operating Income

$160M

Previous: $134M+19.4%
Gross Profit

$321M

Previous: $266M+20.6%
Cash & Equivalents

$110M

Previous: $62.3M+76.9%
Total Assets

$7.45B

Previous: $7.29B+2.1%

Revenue & EPS history

Graphic Packaging · Revenue · Quarterly

$1.6B

Q1 2020+6.2%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company has decided to suspend their annual Adjusted EBITDA and cash flow guidance to allow time to assess potential shifts in consumer behavior and spending patterns related to the COVID-19 crisis.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.3%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+12.8%

Q3 2011

Best reaction

-15.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+11.1%+11.2%
Q4 2025-8.1%-10.3%-24.8%
Q3 2025+9.0%+4.9%+0.9%
Q1 2025-15.6%-12.8%-12.2%
Q4 2024-2.5%-2.9%-1.9%
Q3 2024-6.9%-6.8%-1.1%
Q2 2024+7.5%+3.2%+5.1%
Q1 2024-6.4%-2.7%-1.4%
Q4 2023+6.3%+7.0%+13.6%
Q3 2023+3.1%+5.8%+8.6%
Q2 2023-3.7%-4.4%-8.1%
Q1 2023+1.9%+4.3%-1.9%
Q4 2022-2.2%-0.6%+4.1%
Q3 2022+8.9%+7.1%+5.0%
Q2 2022+3.3%+2.9%+8.3%
Q1 2022-0.3%+3.4%+1.8%
Q4 2021+7.0%+6.9%+6.0%
Q3 2021-1.9%-1.5%+3.9%
Q2 2021+8.1%+9.6%+15.3%
Q1 2021+0.6%+1.1%-3.7%
Q4 2020+1.8%+2.8%+3.0%
Q3 2020-4.7%-2.4%+9.4%
Q2 2020+0.8%+1.2%-1.9%
Q1 2020-1.5%-1.6%+2.4%
Q4 2019-2.1%-4.8%-17.6%
Q3 2019+5.1%+4.9%+7.7%
Q2 2019+6.7%+6.5%-5.8%
Q1 2019+5.5%+7.2%-2.2%
Q4 2018-1.3%+0.8%-0.1%
Q3 2018-14.4%-11.1%-4.5%
Q2 2018-4.0%-3.6%-4.6%
Q1 2018-7.2%-9.5%-5.2%
Q4 2017-1.9%-4.7%-0.5%
Q3 2017+7.3%+8.9%+4.4%
Q2 2017-4.7%-4.5%-5.6%
Q1 2017+0.0%+0.0%-0.5%
Q4 2016+3.8%+2.9%+1.3%
Q3 2016-9.5%-9.2%-5.8%
Q2 2016+5.3%+4.0%+10.5%
Q1 2016-0.4%
Q4 2015+6.6%
Q3 2015+6.0%
Q2 2015-1.0%
Q1 2015+3.5%
Q4 2014+1.3%
Q3 2014-3.0%
Q2 2014+6.3%
Q1 2014+4.3%
Q4 2013+4.7%
Q3 2013-2.1%
Q2 2013-4.0%
Q1 2013-1.7%
Q4 2012+2.1%
Q3 2012+5.3%
Q2 2012+10.3%
Q1 2011-2.4%
Q1 2012-2.4%
Q4 2009+2.9%
Q4 2011+2.9%
Q3 2010+12.8%
Q3 2011+12.8%
Q4 2010+0.0%
Q2 2010+0.0%
Q2 2011+0.0%
Q1 2010-8.7%

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