NYSE$GPK

Graphic Packaging Holding Co · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Graphic Packaging's first quarter 2021 results were reported, highlighting increased net sales and net income, alongside strategic acquisitions and debt management.

Graphic Packaging Holding Company reported a 3% increase in net sales to $1,649 million and a net income of $54 million for Q1 2021, compared to a net loss in the prior year quarter. The company's performance was driven by organic sales growth and strategic initiatives, including the intent to acquire Americraft Carton, Inc.

  • Net sales increased to $1,649 million, up from $1,599 million in the prior year quarter.
  • Net income reached $54 million, a significant improvement from the $13 million loss in the same quarter last year.
  • The company announced its intention to acquire Americraft Carton, Inc., expanding its market presence.
  • Global liquidity remained strong at $1,444 million at the end of the quarter.

Headline financials

Total Revenue

$1.65B

Previous: $1.6B+3.1%
EPS (adj)

$0.23

Previous: $0.31-25.8%
Adjusted EBITDA

$240M

No prior period
Net Leverage Ratio

3.69

Previous: 3.18+16.0%
Capital Expenditures

-$9M

Previous: -$6.5M-38.5%
Free Cash Flow

$45M

Previous: -$19.2M+334.4%
Net Income

$54M

Previous: -$12.7M+525.2%
Operating Income

$108M

Previous: $160M-32.5%
Gross Profit

$249M

Previous: $321M-22.4%
Cash & Equivalents

$116M

Previous: $110M+5.3%
Total Assets

$7.75B

Previous: $7.45B+4.0%

Revenue & EPS history

Graphic Packaging · Revenue · Quarterly

$1.65B

Q1 2021+3.1%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company anticipates a strong second half of 2021, driven by robust demand and pricing momentum.

Tailwinds

  • Consumer preferences for sustainable packaging driving demand.
  • New innovative products are being introduced.
  • Meeting customer demands.
  • Vertically integrated platform allows supply continuity.
  • Underlying robust demand environment.

Headwinds

  • Effects of the COVID-19 pandemic on the Company’s operations and business
  • Inflation of and volatility in raw material and energy costs
  • Continuing pressure for lower cost products
  • The Company’s ability to implement its business strategies, including productivity initiatives, cost reduction plans, and integration activities
  • The impact of regulatory and litigation matters, including the continued availability of the Company's net operating loss offset to taxable income

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 2021

Historical avgQ1 2021

+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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