Graphic Packaging Holding Company reported third-quarter 2025 net income of $142 million, or $0.48 per diluted share, compared with $165 million, or $0.55, a year earlier.
Adjusted net income was $172 million, or $0.58 per share.
Net sales declined 1% year over year to $2.19 billion, reflecting lower packaging volumes in the Americas, partly offset by modest international growth and favorable currency effects. Adjusted EBITDA decreased 12% to $383 million, with margins slipping to 17.5% from 19.5%.
CEO Michael Doss said the company managed through sluggish consumer demand and reduced inventory levels while innovation continued to open new markets for paperboard packaging.
Total debt rose to $5.94 billion and net leverage reached 3.9×. The company spent $267 million on capital projects and returned $248 million to shareholders through dividends and buybacks.
For 2025, Graphic Packaging expects net sales between $8.4 billion and $8.6 billion and adjusted EBITDA of $1.40–$1.45 billion.
Graphic Packaging (NYSE: GPK), based in Atlanta, Georgia, is a global leader in sustainable consumer packaging made from renewable and recycled materials. The company serves major food, beverage, and household brands worldwide.
