Earnings summaries and quarterly performance for GRAPHIC PACKAGING HOLDING.
Executive leadership at GRAPHIC PACKAGING HOLDING.
Board of directors at GRAPHIC PACKAGING HOLDING.
Research analysts who have asked questions during GRAPHIC PACKAGING HOLDING earnings calls.
AV
Arun Viswanathan
RBC Capital Markets
6 questions for GPK
Also covers: ALB, AMBP, AMCR +25 more
GS
George Staphos
Bank of America
6 questions for GPK
Also covers: AMBP, AMCR, ATR +18 more
Ghansham Panjabi
Robert W. Baird & Co.
6 questions for GPK
Also covers: AMCR, ATR, AVNT +20 more
Gabe Hajde
Wells Fargo & Company
5 questions for GPK
Also covers: AMBP, AMCR, ATR +11 more
LM
Lewis Merrick
BNP Paribas S.A.
4 questions for GPK
Also covers: HMKIY
MW
Mark Weintraub
Seaport Research Partners
4 questions for GPK
Also covers: IP, LPX, PCH +5 more
Matthew Roberts
Raymond James
4 questions for GPK
Also covers: AMCR, ATR, AVY +4 more
AS
Anojja Shah
UBS Group AG
3 questions for GPK
Also covers: AMBP, BALL, CCK +3 more
MR
Michael Roxland
Truist Securities
3 questions for GPK
Also covers: AMBP, AMCR, AVY +16 more
AP
Anthony Pettinari
Citigroup Inc.
2 questions for GPK
Also covers: AMBP, AMCR, AVY +26 more
CM
Charlie Muir-Sands
BNP Paribas
2 questions for GPK
Also covers: IP, PKG, SW
Matt Roberts
Raymond James Financial
2 questions for GPK
Also covers: AMBP, AMCR, AVY +4 more
JD
John Dunigan
Jefferies
1 question for GPK
Also covers: AVY, BALL, INTU +1 more
LK
Lars Kjellberg
Stifel
1 question for GPK
Also covers: MATV, SW
MR
Mike Roxland
Truist Securities
1 question for GPK
Also covers: AMBP, CCK, PKG +1 more
Philip Ng
Jefferies
1 question for GPK
Also covers: AWI, AZEK, BALL +26 more
Recent press releases and 8-K filings for GPK.
Eminence Capital Challenges GPK Board's CEO Replacement
GPK
CEO Change
Board Change
Demand Weakening
- Eminence Capital, a private investment firm owning approximately 4.2% of Graphic Packaging Holding Company (GPK), sent an open letter to shareholders criticizing the Board's "factually inaccurate and misleading" justification for replacing CEO Mike Doss with Robbert Rietbroek.
- Eminence alleges the Board is using Doss as a scapegoat for a nearly 50% decline in GPK's share price over the past year, attributing the decline to industry oversupply and macroeconomic headwinds rather than Doss's performance.
- The firm claims Rietbroek has a pattern of leaving employers in a worse state and that his previous public company CEO role was marked by failure.
- Eminence urges shareholders to demand the reinstatement of Mike Doss as CEO.
2 days ago
Graphic Packaging Announces New CEO and Strategic Priorities
GPK
CEO Change
Management Change
New Projects/Investments
- Graphic Packaging Holding Company (GPK) announced that Robbert Rietbroek will assume the role of Chief Executive Officer on January 1, 2026.
- The Board initiated the CEO transition in response to recent performance not meeting expectations, including a nearly 50% decline in share price over the past year, to ensure leadership capable of advancing the company's strategy and enhancing long-term shareholder value.
- The company is committed to its Vision 2030 strategy, focusing on improving free cash flow, optimizing cost structure, and enhancing operational efficiency.
- To support these goals, Graphic Packaging has engaged AlixPartners, a performance-improvement advisor, to identify additional opportunities for cost reduction and working capital optimization, with the aim of returning EBITDA margins to recently demonstrated levels.
5 days ago
Eminence Capital Opposes GPK CEO Change and Calls for Chairman's Resignation
GPK
CEO Change
Board Change
Legal Proceedings
- Eminence Capital, a private investment firm owning approximately 4.2% of Graphic Packaging Holding Company (GPK), sent a letter to the Board of Directors on December 15, 2025, criticizing the decision to replace CEO Mike Doss with Robbert Reitbroek.
- The firm views the CEO change as misguided, ill-timed, and lacking proper diligence, noting Reitbroek's recent termination from his only prior public company CEO role due to operational failures.
- Eminence Capital called for the resignation of Chairman Phil Martens, alleging his outsized influence and highlighting his 70% reduction in share ownership prior to recent executive departures, which they believe jeopardizes shareholder value.
- Eminence has demanded the immediate reinstatement of Mike Doss and submitted a request to inspect GPK's books and records related to the CEO transition, threatening a public campaign if their demands are not met.
6 days ago
Graphic Packaging Announces CEO Transition
GPK
CEO Change
Management Change
Guidance Update
- Michael P. Doss will step down as President and CEO of Graphic Packaging on December 31, 2025, after 10 years in the role and 35 years with the company.
- Robbert Rietbroek has been appointed as the new President and CEO, effective January 1, 2026.
- Mr. Rietbroek brings over 25 years of global leadership experience from consumer products companies, most recently serving as CEO of Primo Brands Corporation.
- In a separate announcement, the company updated its full-year 2025 guidance and reaffirmed its 2026 free cash flow targets.
Dec 8, 2025, 9:15 PM
Graphic Packaging Updates 2025 Guidance and Announces Cost and Production Optimization Initiatives
GPK
Guidance Update
Profit Warning
Layoffs
- Graphic Packaging expects to achieve $60 million in staffing and other cost reductions in 2026, incurring approximately $20 million in severance and other one-time costs.
- The company is accelerating inventory reduction plans into the fourth quarter of 2025, which is expected to impact Q4 operating results by an additional $15 million, bringing the total impact from production curtailments for Q4 to $30 million.
- Full year 2025 Adjusted EBITDA guidance has been revised to a range of $1.38 billion to $1.43 billion (down from $1.40 billion to $1.45 billion), and Adjusted EPS guidance is now $1.75 to $1.95 (down from $1.80 to $2.00).
- Full year 2025 Net Sales guidance remains unchanged at $8.4 billion to $8.6 billion, and the company maintains its $700 million to $800 million free cash flow target for 2026.
Dec 8, 2025, 9:10 PM
GPK Reports Q3 2025 Results, Announces CFO Transition, and Waco Facility Startup
GPK
Earnings
CFO Change
New Projects/Investments
- Graphic Packaging reported Q3 2025 sales of $2.2 billion, Adjusted EBITDA of $383 million, and Adjusted EPS of $0.58.
- Chuck Leisher has been appointed Interim Chief Financial Officer, succeeding Steve Scherger who is departing.
- The Waco recycled paperboard manufacturing facility produced its first commercially saleable roll on October 24th, earlier than planned, marking the end of the Vision 2025 transformation program. This facility is expected to contribute an $80 million EBITDA uplift in 2026 and another $80 million in 2027, with capital spending projected to decline significantly to approximately 5% of sales, enabling targeted free cash flow of $700-$800 million in 2026.
- The company repurchased approximately 6.8 million shares for $150 million year-to-date, reducing shares outstanding by 2.3% in 2025.
- Q3 volumes were down 2% year-on-year amidst a bifurcated consumer market and competitive pricing pressures, leading to a modest revision in guidance and an expected $15 million impact on Q4 Adjusted EBITDA due to actions to balance production with demand.
Nov 4, 2025, 3:00 PM
Graphic Packaging Reports Q3 2025 Results, Announces CFO Transition, and Waco Facility Startup
GPK
Earnings
CFO Change
New Projects/Investments
- Graphic Packaging reported Q3 2025 sales of $2.2 billion, Adjusted EBITDA of $383 million, Adjusted EBITDA margin of 17.5%, and Adjusted EPS of $0.58.
- Steve Scherger has departed as Chief Financial Officer, with Chuck Leisher appointed as Interim Chief Financial Officer.
- The company successfully produced the first commercially saleable roll of paperboard at its Waco Recycled Paperboard Manufacturing facility on October 24th, ahead of schedule, marking the completion of its Vision 2025 transformation program.
- Capital spending is expected to decline significantly to approximately 5% of sales, with Graphic Packaging targeting $700 million-$800 million in free cash flow for 2026.
- To address upcoming debt maturities, the company entered into a $400 million delayed draw term loan in October to repay bonds due in April 2026, with a current cost of debt of approximately 4.5%.
Nov 4, 2025, 3:00 PM
Graphic Packaging Reports Q3 2025 Results, Announces Interim CFO, and Waco Facility Startup
GPK
Earnings
CFO Change
New Projects/Investments
- Graphic Packaging reported Q3 2025 financial results, with sales of $2.2 billion, Adjusted EBITDA of $383 million, Adjusted EBITDA margin of 17.5%, and adjusted EPS of $0.58.
- Chuck Leisher has been appointed Interim Chief Financial Officer, succeeding Steve Scherger.
- The Waco recycled paperboard manufacturing facility commenced production on October 24th, earlier than planned, and is expected to ramp up to full production over 12-18 months, adding 550,000 tons of capacity.
- The company modestly revised its guidance due to an unpredictable volume outlook, anticipating a $15 million impact on Q4 Adjusted EBITDA from production adjustments.
- Management is confident in generating $700-$800 million in free cash flow in 2026, primarily due to capital spending declining to approximately 5% of sales. The company also repurchased approximately 6.8 million shares for $150 million year-to-date in 2025.
Nov 4, 2025, 3:00 PM
Graphic Packaging Reports Q3 2025 Results and Updates Full-Year Guidance
GPK
Earnings
Guidance Update
Share Buyback
- Graphic Packaging reported Q3 2025 Net Sales of $2,190 million, a 1% decrease year-over-year, with packaging sales down 2% due to a 2% volume decline and 1% price decline. Adjusted EBITDA for the quarter was $383 million, and Adjusted EPS was $0.58.
- The company updated its 2025 guidance, revising Adjusted EBITDA to $1.4B to $1.45B (from $1.45B to $1.55B) and Adjusted EPS to $1.80 to $2.00 (from $1.90 to $2.20). Assumed volume for 2025 was also updated to -1% to Flat.
- Year-to-date, Graphic Packaging returned $248 million to stockholders, including $98 million in cash dividends and $150 million in share repurchases, resulting in a 2.3% reduction in shares.
- The Waco facility began commercial production in October 2025, and the company is on track to achieve greater than 2% Innovation Sales Growth in 2025.
Nov 4, 2025, 3:00 PM
Graphic Packaging Holding Company Reports Third Quarter 2025 Financial Results and Updates Full-Year Guidance
GPK
Earnings
Guidance Update
Share Buyback
- Graphic Packaging Holding Company reported Q3 2025 Net Sales of $2,190 million, a 1% decrease from Q3 2024, with Adjusted EBITDA of $383 million and Adjusted Diluted EPS of $0.58.
- The company provided full-year 2025 guidance, expecting Net Sales between $8.4 billion and $8.6 billion, Adjusted EBITDA between $1.40 billion and $1.45 billion, and Adjusted EPS between $1.80 and $2.00.
- Net Debt increased to $5,821 million in Q3 2025 from $5,052 million in Q4 2024, resulting in a Net Leverage Ratio of 3.9x compared to 3.0x in Q4 2024.
- Graphic Packaging repurchased $39 million of common stock in Q3 2025, contributing to a year-to-date net share reduction of 2.3%. The Waco, Texas recycled paperboard manufacturing facility began producing commercially saleable rolls in October, marking the completion of the Vision 2025 transformation.
Nov 4, 2025, 1:44 PM
Quarterly earnings call transcripts for GRAPHIC PACKAGING HOLDING.
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