Graphic Packaging Updates on Q3 Operations, Lowers '24 Outlook

Graphic Packaging Holding Company (GPK) has announced that it has been facing unexpected headwinds in the third quarter of 2024, which made it lower the full-year outlook. Severe Weather Impacts GPK's Q3 Production Severe weather conditions in July impacted the production at two paperboard manufacturing sites. In August, an electrical substation at a third site suffered damage. This caused further interruption and lost production. These events are likely to have an impact of $20-25 million on the third quar ...