GRAPHIC PACKAGING HOLDING CO Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||
| In millions, except per share data | 2025 | 2024 | 2023 | ||||||||
Net Income Attributable to Graphic Packaging Holding Company | $ | 444 | $ | 658 | $ | 723 | |||||
Weighted-Average Shares: | |||||||||||
Basic | 299.3 | 304.0 | 308.2 | ||||||||
Dilutive effect of RSUs | 0.5 | 1.1 | 0.9 | ||||||||
Diluted | 299.8 | 305.1 | 309.1 | ||||||||
Earnings Per Share – Basic | $ | 1.48 | $ | 2.16 | $ | 2.35 | |||||
Earnings Per Share – Diluted | $ | 1.48 | $ | 2.16 | $ | 2.34 | |||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 16, 2021 | |
| 2019 | Feb 11, 2020 | |
| 2018 | Feb 13, 2019 | |
| 2017 | Feb 7, 2018 | |
| 2016 | Feb 8, 2017 | |
| 2015 | Feb 12, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.