Graphic Packaging hits more than 17-month low after reduced annual forecast, missed Q1 results

Shares of Graphic Packaging GPK.N hit more than 17-month low, last down 15.1% at $21.48 after Q1 results miss

The consumer packaging provider lowers its FY 2025 forecast for net sales and adj. EPS to reflect higher macroeconomic and consumer spending uncertainty

Co now expects annual revenue $8.2 bln to $8.5 bln vs prior forecast of $8.7 bln to $8.9 bln

Forecasts annual adj. EPS $1.75 to $2.25, lower than prior forecast of $2.53 to $2.78

Co reports sales of $2.12 bln missing analysts' expectations of $2.14 bln, according to data compiled by LSEG

Co posts adj. EPS of 51 cents, a 22% drop from a year ago

7 out of 12 analysts rate stock as "buy" or higher, 5 "hold"; median PT is $30.96 - LSEG data

With current session moves, GPK down 20.9% YTD