Graphic Packaging

Graphic Packaging makes paper boxes for food and drink companies. These products help brands use materials that people can recycle. The company serves grocery stores and restaurants around the world.

More Than Just Boxes

• Americas Paperboard Packaging: Folding cartons, cups, lids, and food containers sold to consumer brands and restaurants across the Americas.
• International Paperboard Packaging: Fiber-based packaging solutions for food, beauty, and healthcare markets primarily located in Europe.
• Paperboard Mills: Production of recycled and bleached paperboard used as the raw material for the company's own packaging.
• Packaging Machinery: Specialized equipment designed to help customers pack bottles, cans, and other consumer products into boxes.

Reshaping the Global Network

• Started operations at a new recycled paperboard manufacturing facility in Waco, Texas during late 2025.
• Closed older paperboard manufacturing sites in Middletown, Ohio and East Angus, Quebec in 2025 to consolidate production.
• Acquired AR Packaging Group AB in November 2021 to expand its presence in international consumer markets.
• Sold the company's Russian business operations in November 2023 following the imposition of sanctions and currency restrictions.

Why It Stands Out

Graphic Packaging operates more than 100 manufacturing sites across over 20 countries. The company uses a vertically integrated model, which means it produces most of the raw paperboard needed for its own packaging products in the Americas.

Measuring Recent Performance

• Net sales hit $2.16 billion in Q1 2026, up 2% from the same period in 2025.
• Net income reached -$43 million in Q1 2026, worsened from $127 million in Q1 2025.
• Operating cash flow was -$113 million in Q1 2026, improved from -$174 million in Q1 2025.
• Free cash flow narrowed to -$253 million in Q1 2026, improved from -$487 million in Q1 2025.

The Big Picture

Graphic Packaging is shifting its manufacturing base toward large, efficient recycled paper facilities while closing smaller, older plants. This evolution aligns the company with the global transition from plastic to sustainable, fiber-based packaging solutions.