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Stock impact report

Graphic Packaging Holding Company Comments on Operating Conditions and Updates Full-Year 2024 Outlook [Yahoo! Finance]

Graphic Packaging Holding Company (GPK) 
Last graphic packaging holding company earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
sustainable consumer packaging, today provided an update on operating conditions in the third quarter and on its full-year 2024 outlook. During July, severe weather conditions led to modestly reduced production at two paperboard manufacturing facilities. In August, an electrical substation was damaged at a third facility, resulting in additional disruption, lost production, and restart costs. While not material individually, as a group these events and added costs are expected to reduce Adjusted EBITDA by approximately $20 million to $25 million in the third quarter. As a result, the Company now expects full-year 2024 results will fall below the midpoint of the previously announced $1,730 million to $1,830 million Adjusted EBITDA guidance range and the to Adjusted EPS guidance range. Each of the affected facilities resumed normal operations, and customer service levels were not affected. Forward Looking Statements Any statements of the Company's expectations in this press releas Show less Read more
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