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Graphic Packaging Company (GPK) investor relations material
Graphic Packaging Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
New CEO with global CPG experience initiated a comprehensive review of operations, structure, and portfolio to drive operational excellence, cost reduction, and customer-centric growth.
Transformation office established, external advisors engaged, and organizational changes implemented to drive productivity, cost savings, and accountability.
Focus on innovation, faster commercialization, disciplined organic growth, and aligning resources to high-return opportunities.
Emphasis on enhancing profitability, generating free cash flow, and optimizing capital allocation.
Financial highlights
Q4 2025 net sales were $2.1B (+0.4% YoY); full-year 2025 net sales $8.6B (-2.2% YoY), primarily due to Augusta divestiture and lower packaging prices.
Q4 2025 net income was $71M (-48.6% YoY); full-year 2025 net income $444M (-32.5% YoY).
Q4 2025 adjusted EBITDA was $311M (-23.0% YoY); full-year 2025 adjusted EBITDA $1,395M (-17.1% YoY); margin fell to 16.2%.
Adjusted EPS for 2025 was $1.80, down from $2.49 in 2024; net leverage ended at 3.8x, up from 3.0x.
Returned $281M to shareholders in 2025 via dividends and share repurchases; 6.8M shares repurchased, reducing net shares by 2.3%.
Outlook and guidance
2026 net sales expected at $8.4B–$8.6B, with volumes ranging from -1% to +1%.
2026 Adjusted EBITDA guidance: $1.05B–$1.25B (reported), $1.2B–$1.4B (pro forma, excluding temporary curtailment).
Adjusted Free Cash Flow projected at $700M–$800M in 2026, driven by lower capex and inventory reduction.
Adjusted EPS expected at $0.75–$1.15 for 2026.
Capital spending to drop to ~$450M in 2026, below 5% of sales.
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- CMBT
Q1 profit, Golden Ocean merger, and decarbonization drive strong outlook. - CBT
Adjusted EPS down 13% to $1.53 as Battery Materials growth offset Reinforcement Materials decline. - ADVENZYMES
Q3 FY26 revenue up 2% YoY, PAT up 11%, with wind power SPV investment approved. - SIMO
Q4 2025 revenue and margins surged on SSD, eMMC/UFS, and automotive growth; 2026 outlook strong. - FSV
Annual revenue up 5% to $5.50B; Adjusted EBITDA and EPS both saw double-digit growth. - QLINEA
Over 400% revenue growth in 2025, with US expansion and breakeven targeted for 2027. - OMV
Clean CCS Operating Result down 10% year-over-year, with strong cash flow and 9.3% dividend yield. - UPM
Strong Q4 cash flow and strategic moves support growth despite lower sales and EBIT. - GSK
7% sales growth and 12% EPS rise, led by Specialty and HIV, with strong 2026 outlook. - UBSG
Net profit surged 56% YoY, with accelerated capital repatriation and robust capital ratios.
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