2022 Highlights
- Net Sales were $9,440 million versus $7,156 million in the prior year.
- Net Organic Sales increased 3% from the prior year.
- Net Income was $522 million versus $204 million in the prior year.
- Earnings per Diluted Share were $1.69 versus $0.68 in the prior year.
- Adjusted Earnings per Diluted Share were $2.33 versus $1.31 in the prior year.
- Adjusted EBITDA was $1,600 million versus $1,056 million in the prior year.
- Net debt was $5,133 million versus $5,659 million at prior year end.
- Year-end net leverage was 3.2x versus proforma 4.6x at prior year end.
- New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.
Graphic Packaging Holding Company (NYSE:GPK), (the “Company” or “Graphic Packaging”), a leading fiber-based consumer packaging company, today reported Net Income for fourth quarter 2022 of $156 million, or $0.50 per share, based on 309 million weighted average diluted shares. This compares to fourth quarter 2021 Net Income of $39 million, or $0.13 per share, based on 309 million weighted average diluted shares.
https://investors.graphicpkg.com/news/news-details/2023/Graphic-Packaging-Holding-Company-Reports-Strong-Fourth-Quarter-and-Full-Year-2022-Results-Strengthening-Leadership-in-Fiber-Based-Consumer-Packaging-with-New-Coated-Recycled-Paperboard-Mill-Investment/default.aspx