2023-05-02 06:40:20 ET
- Graphic Packaging Holding press release ( NYSE: GPK ): Q1 Non-GAAP EPS of $0.77 beats by $0.14 .
- Revenue of $2.44B (+8.9% Y/Y) beats by $40M .
- Net Organic Sales increased 1% versus the prior year quarter.
- Adjusted EBITDA was $484 million, an increase of 38% versus the prior year quarter.
- Net leverage was 3.1x versus 3.2x at year-end 2022.
- Full-year 2023 Adjusted EBITDA guidance increased by $100 million to $1.9 billion at the midpoint of the guidance range.
- The Company's updated fiscal 2023 annual guidance is as follows:
- Net Sales are expected to be approximately $10 billion vs. consensus of $9.92B.
- Adjusted EBITDA is expected to be between $1.8 and $2.0 billion.
- Adjusted Cash Flow is expected to be between $600 and $800 million.
- Net Leverage Ratio at year-end is expected to be at or below 2.5x Adjusted EBITDA.
- Adjusted Earnings per Diluted Share (Excluding Amortization of Purchased Intangibles) is expected to be between $2.70 and $3.10 vs. consensus of $2.76.
For further details see:
Graphic Packaging Holding beats Q1 top and bottom line estimates; updates FY23 outlook