Core Viewpoint - Graphic Packaging Holding Company has announced a new $1.5 billion share repurchase authorization, increasing the total available authorization to $1.865 billion as of April 30, 2025 [1][2]. Group 1: Share Repurchase Authorization - The new authorization allows for share repurchases through open market transactions, privately negotiated deals, and Rule 10b5-1 plans, depending on market conditions and the company's financial status [2]. - The previous share repurchase authorization from July 27, 2023, had $365 million remaining, which is now combined with the new authorization [1]. Group 2: Financial Strategy and Dividend - The company's President and CEO, Michael Doss, indicated that capital spending needs will decline significantly as the Vision 2025 investment nears completion, allowing for excess cash generation [3]. - The Board of Directors has approved a 10% increase in the quarterly dividend to $0.11 per share, which was paid on April 5, 2025, to stockholders of record as of March 15, 2025 [3]. Group 3: Commitment to Shareholder Returns - The company plans to measure potential investments against the alternative of repurchasing stock and aims to return a substantial amount of cash to shareholders through dividends and share repurchases in the future [4].

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Graphic Packaging Holding Company to determine if its directors breached fiduciary duties related to recent corporate actions [1]. Group 1 - The investigation is being conducted on behalf of the shareholders of Graphic Packaging Holding Company [1]. - Shareholders interested in more information regarding their rights and options can contact Purcell & Lefkowitz LLP for free [2]. - Purcell & Lefkowitz LLP specializes in representing shareholders affected by securities fraud and corporate misconduct [3].

Core Viewpoint - Graphic Packaging Holding Company will permanently close its Middletown, Ohio, coated recycled paperboard manufacturing facility around June 1, 2025, as part of a strategy to consolidate production into its Kalamazoo, Michigan, and Waco, Texas facilities, impacting approximately 130 employees [1][2]. Group 1 - The closure is aimed at enhancing the company's competitive advantage in paperboard manufacturing while improving environmental efficiency, including water and energy usage [2][3]. - The investments in Kalamazoo and Waco are critical for delivering high-quality, economically advantageous paperboard in North America, with the Waco facility nearing completion [3]. Group 2 - Graphic Packaging is recognized as a global leader in sustainable consumer packaging, focusing on reducing the environmental footprint through the use of renewable and recycled materials [5]. - The company operates a global network of design and manufacturing facilities, serving well-known brands across various sectors, including food and beverage [5].

Group 1 - Graphic Packaging (NYSE: GPK) has shown flat performance since February 2024, underperforming the market which has returned 15% during the same period [1] - The company is characterized by a focus on high-quality stocks and businesses led by disciplined capital allocators, aiming for exceptional returns on capital and long-term capital compounding [1]

Core Insights - Graphic Packaging Holding Company is a global leader in sustainable consumer packaging, focusing on reducing the environmental footprint of packaging solutions [1][2]. Group 1: Company Presentations - Stephen R. Scherger, Executive Vice President and CFO, will present at the Bank of America Securities Global Agriculture and Materials Conference on February 27th at 11:15am ET [1]. - Michael P. Doss, President and CEO, will present at the Raymond James Institutional Investors Conference on March 3rd at 10:25am ET [1]. - Both presentations will be available live and in replay via webcast, accessible from the Graphic Packaging website [2]. Group 2: Company Overview - Graphic Packaging is headquartered in Atlanta, Georgia, and specializes in designing and producing consumer packaging primarily from renewable or recycled materials [2]. - The company operates a global network of design and manufacturing facilities, serving well-known brands in various sectors including food, beverage, foodservice, household, and other consumer products [2].

Environmental Compliance and Sustainability - In 2024, the Company spent $65 million on capital projects to maintain compliance with environmental laws, with estimated expenditures of $53 million and $91 million for 2025 and 2026 respectively[56]. - The Company aims to achieve 90% renewable fuel use in wood fiber paperboard manufacturing facilities and raise purchased renewable electricity to 50% by 2030[59]. - The Company estimates significant compliance costs due to complex environmental laws and regulations, which may become more stringent over time[58]. - The Company is positioned to benefit from increased consumer demand for lower-carbon products and technologies, driven by climate change legislation[58]. Financial Performance and Valuation - As of October 1, 2024, the Company performed a quantitative impairment test and found that all reporting units with goodwill had a fair value exceeding their carrying value, with the Europe reporting unit exceeding by 24%[184]. - The Company has a valuation allowance of $45 million against net deferred tax assets as of December 31, 2024, up from $37 million in the previous year[187]. - The discount rate used for goodwill impairment testing ranged from 7% to 8%, with a transaction multiple of 9.0 times for terminal period cash flows[184]. Tax and Currency Management - The Company has not provided for deferred U.S. income taxes on outside basis differences of approximately $80 million in its international subsidiaries due to the intention to indefinitely reinvest earnings[189]. - The Company has provided deferred income taxes for future withholding tax expenses related to its equity investment in a joint venture, asserting permanent reinvestment of earnings in its Canadian subsidiary[188]. - The Company utilizes a currency hedging program and has entered into natural gas swap contracts to manage future energy cost increases, with realized gains and losses included in financial results[176].

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Any statements of the Company's expectations in these slides, including, but not limited to, statements regarding 2025 sales, Adjusted EBITDA and Adjusted EPS growth ranges, and 2025 capital expenditure reduction, as well as Vision 2030 Base Financial Model information, continued value shopping by consumers, increases in foodservice value menu items and increases in superstore product offerings, as well as 2025 capital spending, interest expense, cas ...

Financial Performance - Graphic Packaging reported quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.63 per share, and down from $0.75 per share a year ago, representing an earnings surprise of -6.35% [1] - The company posted revenues of $2.1 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.96%, and down from $2.25 billion year-over-year [2] - Over the last four quarters, Graphic Packaging has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates [2] Stock Performance and Outlook - Graphic Packaging shares have added about 0.2% since the beginning of the year, underperforming the S&P 500's gain of 1.9% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimate at $0.63 on $2.2 billion in revenues for the coming quarter and $2.66 on $8.97 billion in revenues for the current fiscal year [7] Industry Context - The Containers - Paper and Packaging industry, to which Graphic Packaging belongs, is currently in the bottom 39% of the Zacks industry rankings, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Full-Year 2024 Highlights Graphic Packaging Holding Company Reports Fourth Quarter and Full-Year 2024 Results Full-Year 2024 Financial Results ATLANTA, February 4, 2025 – Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging" or the "Company"), a global leader in sustainable consumer packaging, today reported fourth quarter and full-year 2024 results. Net Income for fourth quarter 2024 was $138 million, or $0.46 per share, based upon 302.7 million weighted average diluted shares. This compares t ...

Full-Year 2024 Highlights Launched Vision 2030 Delivered Adjusted EBITDA margin of 19.1% Returned to positive packaging volume growth in second half of the year Achieved Innovation Sales Growth of $205 million Executed Virtual Power Purchase Agreement to increase renewable energy use in Europe Repurchased 2% of common shares outstanding; returned $322 million of capital to stockholdersFull-Year 2024 Financial Results Net Sales $8,807 million, versus $9,428 million in 2023 Net Income $658 million, versus $72 ...