Graphic Packaging Holding Co. Files 2024 10-K

TL;DR

GPK filed its 2024 10-K. Full financials out.

AI Summary

Graphic Packaging Holding Co. filed its 2024 10-K on February 12, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Atlanta, GA, operates in the paperboard containers and boxes industry. The filing provides comprehensive financial statements and business operations information for the reporting period.

Why It Matters

This filing provides investors and analysts with a detailed overview of Graphic Packaging's financial health and operational performance for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual financial filing (10-K) and does not inherently present new risks.

Key Players & Entities

• GRAPHIC PACKAGING HOLDING CO (company) — Filer
• 20241231 (date) — Fiscal Year End
• 20250212 (date) — Filing Date
• Atlanta, GA (location) — Business Address
• 2650 (industry_code) — Standard Industrial Classification

FAQ

Key Financial Figures

• $0.01 — ange on Which Registered Common Stock, $0.01 par value per share GPK New York Stock
• $711 million — orporation for a total consideration of $711 million. For more information, see " Note 19 -
• $15 million — the Consolidated Balance Sheet include $15 million relating to multiple packaging faciliti
• $100 million — m Greif Packaging LLC for approximately $100 million. Tama was reported within the Paperboar
• $262 m — ition of Bell Incorporated ("Bell") for $262 million, adding three packaging facilitie
• $500 million — to allow the Company to purchase up to $500 million of the Company's issued and outstanding
• $365 million — . At December 31, 2024, the Company had $365 million available for additional repurchases un
• $65 million — $ 28 1,315,839 $ 20.91 (a) Including $65 million shares repurchased under the 2019 share
• $2 million — completed that program. (b) Excluding $2 million of excise taxes incurred in 2024. Dur
• $122 m — 3 and 2022, GPHC paid cash dividends of $122 million, $123 million and $92 million, re
• $123 million — HC paid cash dividends of $122 million, $123 million and $92 million, respectively. Though t
• $92 m — dends of $122 million, $123 million and $92 million, respectively. Though the decisio

Filing Documents

• gpk-20241231.htm (10-K) — 2411KB
• gpkexhibit211-202410xk.htm (EX-21.1) — 56KB
• gpkexhibit221-202410xk.htm (EX-22.1) — 14KB
• gpkexhibit231-202410xk.htm (EX-23.1) — 5KB
• gpkexhibit311-202410xk.htm (EX-31.1) — 10KB
• gpkexhibit312-202410xk.htm (EX-31.2) — 10KB
• gpkexhibit321-202410xk.htm (EX-32.1) — 4KB
• gpkexhibit322-202410xk.htm (EX-32.2) — 4KB
• gpk-20241231_g1.jpg (GRAPHIC) — 137KB
• gpk-20241231_g2.gif (GRAPHIC) — 2KB
• 0001408075-25-000007.txt ( ) — 15830KB
• gpk-20241231.xsd (EX-101.SCH) — 96KB
• gpk-20241231_cal.xml (EX-101.CAL) — 173KB
• gpk-20241231_def.xml (EX-101.DEF) — 515KB
• gpk-20241231_lab.xml (EX-101.LAB) — 1217KB
• gpk-20241231_pre.xml (EX-101.PRE) — 911KB
• gpk-20241231_htm.xml (XML) — 2736KB

BUSINESS

BUSINESS 4 ITEM 1A.

RISK FACTORS

RISK FACTORS 11 ITEM 1B. UNRESOLVED STAFF COMMENTS 14

C

ITEM 1 C . CYBERSECURITY 14 ITEM 2.

PROPERTIES

PROPERTIES 16 ITEM 3 .

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 17 ITEM 4. MINE SAFETY DISCLOSURES 17 EXECUTIVE OFFICERS OF THE REGISTRANT 18 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 19 ITEM 6. [RESERVED] 21 ITEM 7 .

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 21 ITEM 7 A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK 33 ITEM 8 .

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 34 ITEM 9 . CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 78

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 78 ITEM 9 B. OTHER INFORMATION 78 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 78 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 79

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 79

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 79

3

ITEM 1 3 . CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 79

4

ITEM 1 4 . PRINCIPAL ACCOUNTANT FEES AND SERVICES 79 PART IV

5

ITEM 1 5 . EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 80

FORM 10-K SUMMARY 83

ITEM 16. FORM 10-K SUMMARY 83

SIGNATURES

SIGNATURES 84 2 INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS Certain statements regarding the expectations of Graphic Packaging Holding Company ("GPHC" and, together with its subsidiaries, the "Company"), including, but not limited to, expected facility closures in early 2025, material cash requirements and primary sources of liquidity and the sufficiency thereof, in this report constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's historical experience and its present expectations. These risks and uncertainties include, but are not limited to, inflation of and volatility in raw material and energy costs, changes in consumer buying habits and product preferences, competition with other paperboard manufacturers and converters, product substitution, the Company's ability to implement its business strategies, the Company's ability to successfully integrate acquisitions, productivity initiatives and cost reduction plans, the Company's debt level, currency movements and other risks of conducting business internationally, and the impact of regulatory and litigation matters, including those that could impact the Company's ability to utilize its U.S. federal income tax attributes to offset taxable income or U.S. federal income taxes and those that impact the Company's ability to protect and use its intellectual property. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements, except as may be required by law. 3 PART I

BUSINESS

ITEM 1. BUSINESS Overview Graphic Packaging Holding Company ("GPHC" and, together with its subsidiaries, the "Company") is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of consumer goods packaging made from renewable or recycled materials. The Company designs and manufactures sustainable packaging solutions including cartons, multipack cartons, trays, carriers, paperboard canisters, and cups and bowls made primarily from unbleached paperboard, recycled paperboard, and bleached paperboard. The Company serves a wide variety of consumer markets, from food and beverage, to foodservice, household products, beauty and health care. We produce packaging solutions at over 100 locations in over 20 countries around the world, serving customers ranging from local to multinational consumer products companies and retailers. The Company offers one of the most comprehensive ranges of packaging design, manufacture, and execution capabilities available. The Company currently manufactures most of the paperboard it consumes in the Americas and purchases from third parties the majority of the paperboard it consumes in its Europe Paperboard Packaging operations. Graphic Packaging works closely with its customers to understand their needs and goals and to create new and innovative designs customized to their specific needs. The Company's approach serves to build and strengthen long-term relationships with purchasing, brand management, marketing, and other key customer functions. The Company is organized to bring the full resources of its global and local innovation, design, and manufacturing capabilities to all of its customers with the goal of delivering packaging solutions that are more circular, more functional, and more convenient. Acquisitions, Closures, and Dispositions The Company has successfully completed several acquisitions, closures and dispositions in the past three years and expects to pursue acquisi

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View this 10-K filing on SEC EDGAR