Welcome to our dedicated page for Packaging Amer news (Ticker: PKG), a resource for investors and traders seeking the latest updates and insights on Packaging Amer stock.
Packaging Corp. of America (PKG) delivers innovative containerboard and corrugated packaging solutions across North America. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases and curated analysis covering earnings announcements, operational expansions, sustainability efforts, and leadership updates. Our repository ensures you stay informed about PKG's role in the evolving packaging sector, including its manufacturing capabilities and customer-focused service model.
Key updates include quarterly financial results, facility investments, product innovations, and supply chain developments. Bookmark this page for direct access to primary sources about PKG's market positioning and industry leadership.
Packaging of America (NYSE: PKG), the third largest containerboard producer in North America, has declared a quarterly dividend of $1.25 per share on its common stock. The dividend will be paid to shareholders of record as of September 16, 2024, with a payment date of October 15, 2024. This decision was approved by PCA's Board of Directors, who retain the authority for future declarations of quarterly dividends and establishment of record and payment dates.
PCA operates eight paper mills and 86 corrugated products plants, positioning itself as a leading producer of uncoated freesheet paper in North America. The company's commitment to regular dividend payments demonstrates its financial stability and shareholder value focus.
Packaging of America (NYSE: PKG) reported Q2 2024 net income of $199 million, or $2.21 per share. Excluding special items, earnings were $2.20 per share, down $0.11 from Q2 2023. Net sales increased to $2.1 billion from $2.0 billion in Q2 2023. The Packaging segment saw corrugated products shipments up 9.2% per day, with containerboard production at 1,281,000 tons. The Paper segment's sales volume increased by 12% year-over-year. Despite lower prices and higher costs, strong market conditions in Packaging drove results, including a new containerboard production record. Management expects Q3 earnings of $2.45 per share, with continued price increases and strong shipments in both segments.
The Packaging of America (PKG) will hold a conference call on July 24, 2024, at 9:00 a.m. Eastern Time to discuss its Q2 2024 results. The earnings report will be released on July 23, 2024, after the market closes. The call can be accessed by pre-registering online or dialing in directly. Replay options will be available until August 7, 2024. PCA is a significant player in containerboard products and uncoated freesheet paper in North America, operating eight paper mills and 86 corrugated products plants. The webcast will be accessible on PCA's official website under the Investor Relations tab.
Packaging of America (NYSE: PKG) has declared a regular quarterly dividend of $1.25 per share on its common stock. The dividend will be paid to shareholders of record as of June 14, 2024, with a payment date of July 15, 2024. PCA is a major producer of containerboard products and uncoated freesheet paper in North America.
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