Graphic Packaging Q2 net income falls to $24 million; 2026 EBITDA guidance at low end
Graphic Packaging reported second quarter 2026 net sales of $2,188 million, down 1% from $2,204 million a year earlier, and net income of $24 million, or $0.08 per diluted share, down from $104 million. Adjusted EBITDA fell to $247 million from $336 million, driven by $60 million of commodity input and operating cost inflation, and the company now expects 2026 Adjusted EBITDA at the low end of its guidance range while lowering its Adjusted EPS range, a combination that weighs on shareholder earnings.
Key points
- Q2 2026 net sales $2,188 million vs. $2,204 million in Q2 2025; Adjusted EBITDA $247 million vs. $336 million
- Q2 2026 net income $24 million ($0.08 per diluted share) vs. $104 million ($0.34) in Q2 2025
- 2026 guidance: Net Sales at the high end of $8.4 billion to $8.6 billion; Adjusted EBITDA at the low end of $1.05 billion to $1.25 billion
- Net Leverage Ratio 4.7x at June 30, 2026, up from 3.8x at December 31, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.