Graphic Packaging Holding Company Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net sales $2,192 million, up $2 million year-over-year, with volumes increasing 1%
- ➤Q3 Adjusted EBITDA $289 million, down $94 million year-over-year; margin fell to 13.2%
- ➤Q3 net income $22 million, versus $142 million in the prior-year quarter
- ➤2026 guidance reaffirmed: $8.6 billion sales, $1.05 billion Adjusted EBITDA, $0.65 Adjusted EPS
- ➤2026 Adjusted Cash Flow guidance reaffirmed at $600 million to $700 million, with capex below $450 million
Expert Statements
Robbert Rietbroek, President and CEO of Graphic Packaging Holding Company
“In the third quarter, we demonstrated progress on our near-term strategic priorities. We drove year-over-year revenue and volume growth and for the second consecutive quarter, expanded Adjusted EBITDA margin sequentially. Our strong relative performance despite elevated inflation reflects the resilience of our business and the benefits of our structural cost reduction and productivity initiatives. Importantly, these actions have created positive operating leverage and better position us to capture benefits from our commercial excellence initiatives and price improvements in the fourth quarter and into 2027. Our decisive actions to enhance and optimize the business this year support continued margin improvement, strong cash flow generation, and a return to EBITDA growth next year.”
Robbert Rietbroek, President and CEO of Graphic Packaging Holding Company
“Since the beginning of the year, we have strengthened our leadership team, sharpened our focus on commercial and operational excellence and delivered structural cost reductions and productivity improvements. I am proud of what our team has accomplished in a short period of time and the alignment we are creating between our strategy, investments and the most attractive market opportunities. We remain focused on delivering profitable growth, generating sustained cash flow and creating long-term value for shareholders.”
Graphic Packaging Holding Company Reports Third Quarter 2026 Financial Results PR Newswire
* Net Sales of $2,192 million were slightly higher year-over-year, with volumes up 1%. * Net Income of $22 million; Adjusted EBITDA of $289 million, with Adjusted EBITDA margin expanding sequentially for the second consecutive quarter. * Year-to-date September 2026 Net Cash Provided by Operating Activities of $295 million; Adjusted Cash Flow of $314 million increased $646 million from the first nine months of 2025 with significant contribution in Q3, enabling debt reduction from year-end 2025. * Full-year 2026 expectations for Net Sales, Adjusted EBITDA and Adjusted EPS of approximately $8.6 billion, $1.05 billion, and $0.65, respectively. Reaffirming full-year 2026 Adjusted Cash Flow of $600 to $700 million, an increase from $169 million in 2025. ATLANTA, Nov. 3, 2026 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging" or the "Company"), a global leader in sustainable consumer packaging, today reported third quarter 2026 results.
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