GPK - Graphic Package Holding expects organic sales to continue to grow
Graphic Packaging Holding Company (GPK) reports organic Sales increased 5% in Q4. Adjusted EBITDA came in at $264.8M vs. $258.8M a year ago. Adjusted EBITDA in the quarter was positively impacted by $9.4M in favorable volume/mix. The company ended the year with global liquidity of $1.72B. CEO update: "The strategic investments we are making position us for continued growth and cost leadership in the industry and will allow us to further accelerate our product innovation capabilities. We expect to generate 100 to 200 basis points of sustainability supported net organic sales growth in 2021 and deliver net productivity improvements to drive continued EBITDA growth during the coming year." Shares of GPK are flat in premarket trading after the earnings beat.
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Graphic Package Holding expects organic sales to continue to grow