Graphic Packaging Holding Company (GPK) Tuesday reported lower profit for the third quarter impacted by decline revenue. The company also cut its full-year profit outlook.
Graphic Packaging posted net income of $165 million or $0.55 per share for the third quarter, compared with $170 million or $0.55 per share in the same quarter a year ago.
Excluding one-time items, earnings were $194 million or $0.64 per share, that missed the average analysts estimate of $0.67 per share.
Sales for the quarter declined to $2.216 billion or $2.349 billion in the previous year. The consensus estimate was for $2.27 billion.
For the full year, the company now expects adjusted earnings per share in the range of $2.49 to $2.61, down from the previous outlook of $2.65 to $2.85. The Street is looking for earnings of $2.63 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.