GPK - Graphic Packaging Slashes FY23 Sales Outlook Amid Inventory Normalization & Fluctuations In Consumer Purchasing Behavior | Benzinga
Graphic Packaging Holding Co (NYSE: GPK) reported a Q3 FY23 revenue decrease of 4% Y/Y to $2.349 billion, missing the consensus of $2.469 billion. Revenue was impacted by $223 million of unfavorable volume and mix.
Adjusted EBITDA rose 9% Y/Y to $482 million, positively impacted by $92 million in pricing, $32 million in commodity input cost deflation, $19 million in favorable net performance, and $5 million in foreign exchange translations.