GPI lowers guidance, aims for $85M in 2026 cost cuts
Price increases and additional headcount reductions are among the strategies to recoup costs, executives said.
Graphic Packaging International executives described during Tuesday’s second-quarter earnings call the momentum for removing costs amid persistent input cost inflation and other economic challenges. Inflation now is expected to add at least $150 million in costs for the year instead of the previously predicted $60 million to $65 million. Despite a consumer environment that “remains challenged and uneven, we delivered results that were in line to modestly above expectations,” said CEO Robbert Rietbroek.
GPI lowers guidance, aims for $85M in 2026 cost cuts | Packaging Dive