GRAPHIC PACKAGING HOLDING CO [GPK] reports annual net loss of $723.0 million
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Company Reports Revenue of $9.4 billion
GRAPHIC PACKAGING HOLDING CO [GPK] has reported a net loss of $723.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $9.4 billion
Based in ATLANTA, Georgia, GRAPHIC PACKAGING HOLDING CO operates in the MANUFACTURING sector.
In the Annual report for Graphic Packaging Holding Company, the following data related to the Income Statement for the 12 months ended on December 31 for years 2021, 2022, and 2023, respectively, is provided:
- Net Sales:
- 2023: $9,428 million
- 2022: $9,440 million
- 2021: $7,156 million
- Cost of Sales:
- 2023: $7,311 million
- 2022: $7,610 million
- 2021: $6,085 million
- Income from Operations:
- 2023: $1,174 million
- 2022: $906 million
- 2021: $407 million
- Net Income:
- 2023: $723 million
- 2022: $522 million
- 2021: $216 million
- Earnings per Share (EPS) Attributable to Graphic Packaging Holding Company:
- Basic EPS:
- 2023: $2.35
- 2022: $1.69
- 2021: $0.69
- Diluted EPS:
- 2023: $2.34
- 2022: $1.69
- 2021: $0.68
Comparing the financial figures for 2023 with 2022:
- Net Sales decreased slightly from $9,440 million in 2022 to $9,428 million in 2023.
- Cost of Sales decreased from $7,610 million in 2022 to $7,311 million in 2023, indicating improved cost management.
- Income from Operations increased significantly from $906 million in 2022 to $1,174 million in 2023.
- Net Income also showed a notable increase from $522 million in 2022 to $723 million in 2023, reflecting improved profitability.
- Both Basic and Diluted Earnings per Share (EPS) increased from $1.69 in 2022 to $2.35 in 2023, demonstrating strong earnings growth.
Overall, Graphic Packaging Holding Company experienced growth in both operational performance and profitability in the year 2023 compared to the previous year 2022.
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