Graphic Packaging Holding Company (NYSE:GPK) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET
Company Participants
Melanie Skijus - Vice President-Investor Relations
Mike Doss - President & Chief Executive Officer
Steve Scherger - Executive Vice President & Chief Financial Officer
Conference Call Participants
Ghansham Panjabi - Baird
Mark Wilde - Bank of Montreal
Mark Weintraub - Seaport Research Partners
George Staphos - Bank of America
Kyle White - Deutsche Bank
Cleve Rueckert - UBS
Mike Roxland - Truist Securities
Gab Hajde - Wells Fargo
Operator
Good morning. Thank you for attending the Graphic Packaging Third Quarter 2022 Earnings Call. My name is Matt and I'll be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity to questions-and-answers at the end. [Operator Instructions]
I would now like to pass the conference over to our host Melanie Skijus.
Melanie Skijus
Good morning, and welcome to Graphic Packaging Holding Company's third quarter 2022 earnings call. Joining us on our call today are Mike Doss, the company's President and CEO; and Steve Scherger, Executive Vice President and CFO. To help you follow along with today's call, we will be referencing our third quarter earnings presentation, which can be accessed through the webcast and also on the Investors section of our website at www.graphicpkg.com.
Before I turn the call over to Mike, let me remind you that today's press release and the presentations made by our executives include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to the factors identified in the release and in our filings with the Securities and Exchange Commission.
With that let me turn the call over to Mike.
Mike Doss
Thank you, Melanie. Good morning to everyone joining us on the call and this webcast this morning. Let me begin my remarks on Slide 4 of the presentation. We delivered exceptional financial results in the third quarter. Our continued strong performance in net organic sales growth can be attributed to the global business portfolio we have built diversified by both end markets and brands, strategic investments we have made and the robust innovation pipeline we are cultivating.
In the third quarter, net organic sales growth picked up sequentially, accelerating to 5% year-over-year. This represents another quarter of outperformance versus our long-term net organic sales growth goals. I remain very encouraged by our significant new product development pipeline and consumer demand for highly functional and increasingly more sustainable packaging.