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 Corporation of America (NYSE: PKG) is a major participant in the corrugated and solid fiber box manufacturing industry, with a focus on containerboard products, corrugated packaging and uncoated freesheet paper. This news page aggregates company press releases and market updates so readers can follow how PCA’s operating decisions, acquisitions and financial performance evolve over time.
Recent news from PCA includes announcements about quarterly and annual earnings results, where the company reports net sales, net income, diluted earnings per share and segment performance for its Packaging and Paper segments. These releases often discuss drivers such as prices and mix in the Packaging and Paper segments, fiber costs, maintenance outage expenses, operating costs, freight expense and production and sales volumes.
PCA’s news flow also covers capital allocation and shareholder returns, including Board-approved regular quarterly dividends on its common stock, with details on dividend amounts, record dates and payment dates. In addition, the company issues press releases and related Form 8-K filings about strategic transactions, such as its agreement and subsequent completion of the acquisition of the Greif, Inc. containerboard business, which includes two containerboard mills and multiple sheet feeder and corrugated plants in the United States.
Operational updates appear in PCA’s news as well, including the announced reconfiguration of its Wallula, Washington containerboard mill, where the company plans to permanently shut down the No. 2 paper machine and kraft pulping facilities while continuing to operate the No. 3 paper machine and recycled pulping facilities. PCA also regularly announces conference calls to discuss its quarterly and full-year results, providing call times, registration links, dial-in numbers and replay information.
Investors and followers of PKG can use this page to review earnings releases, dividend declarations, acquisition updates, mill configuration changes and investor call announcements in one place.
Packaging of America (NYSE: PKG) has scheduled its fourth quarter and full year 2024 earnings conference call for January 29, 2025, at 9:00 a.m. Eastern Time. The call will be led by Mark Kowlzan, with earnings results to be released after market close on January 28, 2025.
Participants can pre-register for the call or dial in directly using provided toll-free numbers. A replay will be available from January 29 until February 12, 2025. The call will also be accessible via webcast on PCA's website.
PCA holds position as the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America, operating eight paper mills and 86 corrugated products plants.
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 on January 15, 2025, to shareholders of record as of December 20, 2024. PCA, the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America, operates eight paper mills and 86 corrugated products plants.
Packaging of America (NYSE: PKG) reported third quarter 2024 net income of $238 million, or $2.64 per share. Excluding special items, net income was $239 million, or $2.65 per share. Third quarter net sales were $2.2 billion in 2024, up from $1.9 billion in 2023.
Key highlights:
- Earnings increased $0.60 per share compared to Q3 2023, driven by higher volume and prices in the Packaging segment
- Corrugated products shipments per day were up 11.1% over Q3 2023
- Containerboard production reached 1,293,000 tons
- Paper segment sales volume increased 4% versus Q3 2023
The company expects Q4 earnings of $2.47 per share, with continued strong demand in the Packaging segment but lower shipments in the Paper segment.
Packaging of America (NYSE: PKG) has scheduled a conference call for October 23, 2024, at 9:00 a.m. Eastern Time to discuss its third quarter 2024 results. The call will be led by Mark Kowlzan, with earnings results released after market close on October 22, 2024. Investors can pre-register for the call or dial in using provided toll-free numbers. A replay will be available until November 6, 2024. The call will also be webcast on PCA's website.
PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America, operating eight paper mills and 86 corrugated products plants.
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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