Graphic Packaging posts 2% sales growth but Q1 net loss of $43M amid cost cuts and strategic review

Graphic Packaging Holding Company reported a 2% increase in net sales to $2.156 billion for Q1 2026, driven by higher volumes and favorable foreign exchange, despite a 2% price decline. The company posted a net loss of $43 million, impacted by non-recurring charges and amortization, but adjusted net income was $28 million. It completed a 90-day business review leading to cost reduction initiatives including workforce cuts and capital spending cuts, aiming to improve profitability and operational efficiency. The company reaffirmed its 2026 guidance, targeting adjusted cash flow of $700 million to $800 million and capital spending around $450 million, focusing on margin expansion, free cash flow acceleration, and sustainable packaging innovation.