GRAPHIC PACKAGING HOLDING Reports 2nd Quarter Earnings Results for Fiscal Year 2023
August 5, 2023
🌥️Earnings Overview
GRAPHIC PACKAGING HOLDING ($NYSE:GPK) reported total revenue of USD 2392.0 million for the 2nd quarter of fiscal year 2023, a rise of 1.4% compared to the same period of the prior year. Net income increased 127.3% year-over-year to USD 150.0 million on June 30, 2023.
Share Price
The stock opened the day at $23.9 and closed at $23.2, a decrease of 4.0% from its previous closing price of $24.2. Despite this downward trend, the company reported positive earnings results with year-over-year growth of 4%. This is a positive sign for the company as it suggests that their operations are becoming more financially efficient. In order to maintain these positive results, GRAPHIC PACKAGING HOLDING plans to continue to focus on increasing their operational efficiency and developing new products to meet consumer needs.
This strategy has enabled them to achieve strong financial results in recent quarters and is likely to continue into the future. The company is optimistic that their efforts will help them to continue to post positive earnings results in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GPK. More…
| Total Revenues | Net Income | Net Margin |
| 9.67k | 706 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GPK. More…
| Operations | Investing | Financing |
| 1.09k | -561 | -505 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GPK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.74k | 8.29k | 7.97 |
Key Ratios Snapshot
Some of the financial key ratios for GPK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 26.8% | 12.0% |
| FCF Margin | ROE | ROA |
| 5.4% | 30.5% | 6.8% |
Analysis
At GoodWhale, we have conducted a thorough analysis of GRAPHIC PACKAGING HOLDING’s fundamentals and have come to the following conclusions. According to our Risk Rating, GRAPHIC PACKAGING HOLDING is considered a medium risk investment in terms of financial and business aspects. We have also identified one risk warning in the income sheet; however, you must become a registered user in order to access this information. We have taken every step to ensure that our analysis is as comprehensive and accurate as possible, giving you a better understanding of GRAPHIC PACKAGING HOLDING’s overall financial and business stability. More…
Peers
The competition in the packaging industry is fierce, with Graphic Packaging Holding Co leading the pack. Its competitors, WestRock Co, International Paper Co, and Sonoco Products Co, are all trying to keep up, but they are struggling to match Graphic Packaging’s innovation and efficiency.
– WestRock Co ($NYSE:WRK)
The company has a market cap of 8.51B as of 2022. The company’s return on equity is 8.61%. The company is engaged in the production of corrugated packaging products and solutions. The company has a diversified customer base, including producers of packaging, consumer and industrial products. The company operates in three segments: Corrugated Packaging, Consumer Packaging and Industrial Packaging. The Corrugated Packaging segment produces corrugated packaging products, including linerboard, medium and recycled medium. The Consumer Packaging segment produces folding cartons, cups, plates and bowls. The Industrial Packaging segment produces a range of packaging products, including containerboard, kraft paper, bleached paperboard and corrugated packaging products.
– International Paper Co ($NYSE:IP)
In 2022, International Paper Company had a market capitalization of 12.11 billion dollars and a return on equity of 11.61%. The company produces paper and packaging products and has operations in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. International Paper is one of the world’s largest paper companies and has been in business for over 100 years.
– Sonoco Products Co ($NYSE:SON)
Sonoco Products Company is a global provider of packaging products and services. The company operates in four segments: Consumer Packaging, Industrial Packaging, Display and Packaging Services, and Sonoco Europe. The company’s products include steel and plastic drums, steel and plastic pails, steel and plastic intermediate bulk containers, steel and plastic closure rings and lids, steel and plastic food cans, steel and plastic paint cans, steel and plastic jar lids, steel and plastic tubes, composite cans, flexible packaging, and corrugated containers. The company also provides display packaging products, such as point-of-purchase displays, in-store merchandising displays, and packaging for the retail sector; and packaging services, such as design, prototyping, sourcing, manufacturing, logistics, and warehousing.
Summary
Investors should take note of the 2nd quarter results of GRAPHIC PACKAGING HOLDING for the fiscal year 2023. Total revenue increased by 1.4% year-over-year, while net income saw a substantial 127.3% increase. Despite this strong performance, the stock price moved down on the same day.
Nevertheless, this could be a good opportunity for investors to take advantage of the current market conditions. This company clearly has potential for future growth, and investors should carefully consider whether now is the right time to invest in GRAPHIC PACKAGING HOLDING.
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