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October 26 , 2021 Graphic Packaging HOLDING COMPANY Graphic Packaging Holding Company Reports Third Quarter 2021 Results ; Reiterates Confidence in Substantial Adjusted EBITDA and Cash Flow Growth in 2022 ATLANTA , Oct. 26 , 2021 / PRNewswire / -- Graphic Packaging INTERNATIONAL Q3 2021 Highlights • Net Sales were $ 1,782 million versus $ 1,698 million in the prior year quarter . • Net organic sales declined 1 % during the quarter as supply chain and labor market constraints delayed sales ; remain on track to achieve approximately 200 basis points of full year organic sales growth . • Net Income was $ 73 million versus $ 64 million in the prior year quarter . • Earnings per Diluted Share were $ 0.24 versus $ 0.23 in the prior year quarter . • Adjusted Earnings per Diluted Share were $ 0.34 versus $ 0.26 in the prior year quarter . • Adjusted EBITDA was $ 284 million versus $ 250 million in the prior year quarter ; positively impacted by $ 53 million in price and $ 79 million in favorable net performance , offset by $ 88 million of commodity input cost inflation . • Executing approximately $ 650 million in pricing actions to address commodity input cost inflation . • Global liquidity was $ 1.8 billion at quarter end . • Published ESG report in August showcasing our long - standing commitment to sustainability and transparency in the reporting of progress on a comprehensive set of goals supportive of Vision 2025 . • AR Packaging acquisition expected to close November 1st . • Coated recycled paperboard production on new K2 machine in Kalamazoo , Michigan on track for start - up in the fourth quarter . Graphic Packaging Holding Company ( NYSE : GPK ) , ( the " Company " ) , a leading provider of sustainable fiber - based consumer packaging solutions to food , beverage , foodservice , and other consumer products companies , today reported Net Income for third quarter 2021 of