We recently published 10 Firms Stealing Market Spotlight Amid Bloodbath. Graphic Packaging Holding Company (NYSE:GPK) is one of the best-performing on Tuesday.
Graphic Packaging snapped a five-day losing streak on Tuesday, jumping 8.88 percent to close at $17.05 apiece as investors welcomed its maintained revenue guidance for the full-year period despite a dismal earnings performance in the third quarter of the year.
In an updated report, Graphic Packaging Holding Company (NYSE:GPK) said net income dropped by 14 percent to $142 million from $165 million in the same period last year, while net sales dipped by 1 percent to $2.19 billion from $2.2 billion year-on-year.
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akulamatiau / 123RF Stock Photo
Despite the figures, Graphic Packaging Holding Company (NYSE:GPK) maintained its net sales guidance of $8.4 billion to $8.6 billion for the full-year 2025, but lowered its outlook for adjusted EBITDA and adjusted EPS to a range of $1.40 billion to $1.45 billion, and $1.80 to $2, respectively.
“Revisions from prior guidance reflect year-to-date performance, further action to match production to orders (~$15 million), and a wider-than-normal range of potential fourth quarter outcomes. Volume and market uncertainty remain unusually high given a stretched consumer and weakened consumer confidence,” the company said.
In other developments, Graphic Packaging Holding Company (NYSE:GPK) said that its new recycled paperboard manufacturing facility in Waco, Texas, officially kicked off commercial operations ahead of schedule, with full production targeted for the next 12 to 18 months.
“Waco will be the world’s most efficient producer of recycled paperboard, with the highest quality available anywhere outside of our own Kalamazoo, Michigan facility. This marks the completion of our Vision 2025 transformation, and we now turn our full attention to our Vision 2030 priorities: innovation, execution, reaching investment grade, and returning cash to stockholders,” said President and CEO Michael Doss.
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Disclosure: None. This article is originally published at Insider Monkey.