GRAPHIC PACKAGING HOLDING CO (GPK) Form 10-Q — Nov 3, 2026
Graphic Packaging's Q3 2026 results collapsed year over year: net income fell to $22 million from $142 million, diluted EPS dropped to $0.07 from $0.48, and income from operations fell 57% to $101 million on lower pricing, commodity and labor inflation, production curtailments, and $105 million of exit-activity charges across nine months. More concerning is the balance sheet. Total debt stands at roughly $5.5 billion, the leverage ratio is 4.44x against a covenant that was raised to 5.25x, and on November 2, 2026 the company secured Amendment No.
Key figures
- Eps
- $0.07 diluted (Q3 2026) vs $0.48 (Q3 2025)
- Revenue
- $2,192 million (Q3 2026)
- Net Income
- $22 million (Q3 2026) vs $142 million (Q3 2025); $3 million for nine months 2026 vs $373 million
- Total Debt
- $5,509 million total long-term debt including current portion; $4,645 million excluding
- Revenue Yoy
- +$2 million (~flat)
- Total Assets
- $11,474 million
- Cash Position
- $337 million
- Interest Rate
- 4.44 to 1.00 Consolidated Total Leverage Ratio; 4.27 to 1.00 Interest Expense Ratio
- Shares Outstanding
- 296,090,044
- Available buyback
- $1.715 billion
- Hq impairment charge
- $14 million
- Revolver availability
- $1,578 million
- Interest expense net q3
- $69 million vs $53 million
- Q3 income from operations
- $101 million vs $234 million (-57%)
- Operating cash flow nine months
- $295 million
- Automated roll warehouse writeoff
- $40 million
- Nine month income from operations
- $215 million vs $648 million (-67%)
- Exit activities charges nine months
- $105 million
AI analysis
Red flags8 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.