NYSE$GPK

Graphic Packaging Holding Co · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter 2020 results and reinstated adjusted EBITDA and cash flow guidance for full year 2020.

Graphic Packaging Holding Company reported excellent performance in the second quarter of 2020, with net sales increasing by 4% year over year, driven by acquisitions and net organic sales growth. The company adapted to changing demand patterns resulting from the global COVID-19 pandemic and remains committed to achieving its long-term goals.

  • Net Sales were $1,611.0 million versus $1,552.8 million in the prior year period.
  • Net Income was $52.1 million versus $63.8 million in the prior year period.
  • Adjusted Earnings per Diluted Share were $0.26 versus $0.24 in the prior year period.
  • Reinstating guidance for Full Year 2020 with Adjusted EBITDA range of $1.05 billion to $1.09 billion; Adjusted Cash Flow range of $200 million to $275 million.

Headline financials

Total Revenue

$1.61B

Previous: $1.55B+3.7%
EPS (adj)

$0.26

Previous: $0.24+8.3%
Adjusted EBITDA

$260M

Previous: $267M-2.7%
Net Leverage Ratio

3.26

No prior period
Capital Expenditures

-$14M

Previous: -$12.1M-15.7%
Free Cash Flow

$38.1M

Previous: $51.7M-26.3%
Net Income

$52.1M

Previous: $63.8M-18.3%
Operating Income

$115M

Previous: $144M-20.5%
Gross Profit

$262M

Previous: $288M-8.9%
Cash & Equivalents

$83.6M

Previous: $64.7M+29.2%
Total Assets

$7.67B

Previous: $7.29B+5.2%

Revenue & EPS history

Graphic Packaging · Revenue · Quarterly

$1.61B

Q2 2020+3.7%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company reinstated its full year 2020 guidance, with an Adjusted EBITDA range of $1.05 billion to $1.09 billion and an Adjusted Cash Flow range of $200 million to $275 million.

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 Q2 2020

Historical avgQ2 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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