Steve Scherger
Executive Vice President and CFO at Graphic Packaging Company
Adjusted EBITDA for the full year was $170,000,000,0.0 and $4.00 $4,000,000 for the Adjusted EBITDA margins remained strong and steady at 19.1% for the full year and 19.3% for the Net performance was an outstanding $2.70,000,000 dollars for the full year and $80,000,000 for the offsetting lower pricing and inflation. The adjusted EBITDA impact of the adjusted divestiture and lower bleaching paperboard sales was a negative $164,000,000 for the full year and a negative $39,000,000 in the Power issues in the and the decision to accelerate digester maintenance into the reduced twenty twenty four adjusted EBITDA by approximately $30,000,000 for the full year and $5,000,000 in the These items should not repeat in 2025. Other M and A excluding Augusta was a positive $10,000,000 for the year and a negative $3,000,000 in the Foreign exchange was a $9,000,000 adjusted EBITDA headwind for the year and $5,000,000 in the The swing we saw in foreign exchange was the largest piece of the shortfall versus our expectations. We ended the year with $5,000,000,000 in net debt and net leverage of three times in line with our expectations. Net debt is at a reasonable level for us given the consistency of our sales and margins, our declining capital spending needs and the rapidly rising cash flow generation we are anticipating as we move toward 2026 and beyond.