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Net sales were $2,349 million, a decrease of 4% versus the prior year quarter, while adjusted EBITDA was $482 million, an increase of 9%.
November 1, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Graphic Packaging Holding Company reported results for the third quarter of 2023. Net sales decreased 4% to $2,349 million in the third quarter of 2023, compared to $2,451 million in the prior year period. The $102 million decrease was driven by $223 million of unfavorable volume/mix. This was partially offset by $92 million of positive pricing and $29 million of foreign exchange impact. EBITDA for the third quarter of 2023 was $448 million, $16 million higher than the third quarter of 202...
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