During July 2024, severe weather conditions led to modestly reduced production at two paperboard manufacturing facilities. In August, an electrical substation was damaged at a third facility, resulting in additional disruption, lost production and restart costs.
While not material individually, as a group these events and added costs are expected to reduce Adjusted EBITDA by approximately $20 million to $25 million in the third quarter. As a result, the company now expects full-year 2024 results will fall below the midpoint of the previously announced $1,730 million to $1,830 million Adjusted EBITDA guidance range and the $2.65 to $2.85 Adjusted EPS guidance range.
Each of the affected facilities resumed normal operations and customer service levels were not affected. Graphic Packaging designs and produces consumer packaging made primarily from renewable or recycled materials.
An industry leader in innovation, the company is committed to reducing the environmental footprint of consumer packaging.
Graphic Packaging operates a global network of design and manufacturing facilities serving the world’s most widely recognized brands in food, beverage, foodservice, household and other consumer products.
Torna indietro
