NYSE$GPK

Graphic Packaging Holding Co · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net sales increased driven by pricing and improved volume/mix, and net income increased compared to the prior year quarter.

Graphic Packaging Holding Company reported strong Q3 2022 results, with net sales increasing by 38% to $2,451 million, driven by pricing and volume/mix improvements. Net income rose to $193 million, or $0.62 per share, compared to $73 million, or $0.24 per share, in the prior year quarter. Adjusted EBITDA was $441 million, positively impacted by favorable price-cost relationship and volume/mix.

  • Net sales were $2,451 million versus $1,782 million in the prior year quarter.
  • Net Organic Sales increased 5% in the quarter driven by global demand.
  • Net Income was $193 million versus $73 million in the prior year quarter.
  • Adjusted EBITDA was $441 million versus $284 million in the prior year quarter, positively impacted by favorable price-cost relationship and volume/mix.

Headline financials

Total Revenue

$2.45B

Previous: $1.78B+37.5%
EPS (adj)

$0.67

Previous: $0.34+97.1%
Net Leverage Ratio

3.7

No prior period
Capital Expenditures

-$16M

Previous: -$22M+27.3%
Free Cash Flow

$177M

Previous: $51M+247.1%
Net Income

$193M

Previous: $73M+164.4%
Operating Income

$293M

Previous: $121M+142.1%
Gross Profit

$511M

Previous: $280M+82.5%
Cash & Equivalents

$82M

Previous: $67M+22.4%
Total Assets

$10.2B

Previous: $8.29B+22.9%

Revenue & EPS history

Graphic Packaging · Revenue · Quarterly

$2.45B

Q3 2022+37.5%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The company raised Adjusted EBITDA at the midpoint of guidance to $1.6 billion.

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 Q3 2022

Historical avgQ3 2022

+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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