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Stock impact report

Graphic Packaging sees full-year earnings below midpoint of prior guidance [Seeking Alpha]

Graphic Packaging Holding Company (GPK) 
Last graphic packaging holding company earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
The company now expects to fall below the midpoint of prior guidance for FY 2024 adjusted earnings of $2.65-$2.85/share but in line with $2.70 analyst consensus, and below previous guidance of FY 2024 adjusted EBITDA of $1.73B-$1.83B. Severe weather conditions led to modestly reduced production at two paperboard manufacturing facilities in July, and an electrical substation was damaged at a third facility in August, causing additional disruption, lost production, and restart costs. Graphic Packaging ( GPK ) said it expects the combined costs related to the events will reduce full-year adjusted EBITDA by $20M-$25M in Q3. Recommended For You More Trending News Recommended For You More Trending News About GPK Stock Related Stocks Trending Analysis Trending News Show less Read more
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