NYSE$GPK

Graphic Packaging Holding Co · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2021 results, driven by net organic sales growth and execution of strategic M&A and high return investments.

Graphic Packaging Holding Company reported Q4 2021 results with net income of $39 million, or $0.13 per share. Net sales increased by 20% to $1,988 million. The company's strategic initiatives and price execution are expected to result in 2022 Adjusted EBITDA in a range of $1.4 to $1.6 billion.

  • Net sales increased 20% to $1,988 million in the fourth quarter of 2021.
  • Net income for fourth quarter 2021 was $39 million, or $0.13 per share.
  • Adjusted EBITDA increased $20 million to $285 million in the fourth quarter of 2021 from $265 million in the fourth quarter of 2020.
  • The AR Packaging acquisition, completed in the fourth quarter, has further strengthened innovative offerings for consumers and positions the company for growth in new geographies, markets and products.

Headline financials

Total Revenue

$1.99B

Previous: $1.65B+20.3%
EPS (adj)

$0.31

Previous: $0.28+10.7%
Net Leverage Ratio

5.36

Previous: 3.26+64.4%
Net Income

$39M

Previous: $77.1M-49.4%
Operating Income

$83M

Previous: $130M-36.3%
Gross Profit

$287M

Previous: $262M+9.6%
Cash & Equivalents

$172M

Previous: $179M-3.9%
Total Assets

$10.5B

Previous: $7.8B+34.0%

Revenue & EPS history

Graphic Packaging · Revenue · Quarterly

$1.99B

Q4 2021+20.3%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Execution of strategic initiatives, including significant price execution, is expected to result in 2022 Adjusted EBITDA in a range of $1.4 to $1.6 billion, a 42% year over year growth rate at the midpoint. The resulting robust cash flow we expect to generate will allow us to return to our desired leverage range of 2.5 to 3.0 times in 2023.

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 Q4 2021

Historical avgQ4 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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