Graphic Packaging Lowers FY24 Outlook: Sees Adjusted Earnings Per Diluted Share: $2.49-$2.61 Vs. $2.63 Estimate (Prior View: $2.65-$2.85)
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging has lowered its FY24 financial outlook, adjusting its earnings per diluted share to $2.49-$2.61 from a previous estimate of $2.65-$2.85. The company also updated its full-year adjusted EBITDA guidance to $1.68 billion to $1.73 billion. It aims for 2025 financial results to align with its Vision 2030 model.
October 29, 2024 | 10:40 am
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Graphic Packaging has revised its FY24 earnings outlook downward, impacting investor expectations. The company now expects adjusted EPS of $2.49-$2.61, below the previous estimate of $2.65-$2.85.
The downward revision of the earnings outlook suggests potential challenges in meeting previous financial expectations, which could lead to a negative short-term impact on the stock price as investors adjust their valuations.
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