Packaging Corp Amer Stock Price, News & Analysis

Packaging Corporation of America (NYSE: PKG) reported Q4 2022 net income of $212 million, or $2.31 per share, down from $215 million, or $2.35 per share, excluding special items. Q4 net sales reached $1.98 billion, compared to $2.04 billion in 2021. For full year 2022, net income was $1.03 billion ($11.03 per share), up from $1.04 billion ($11.14 per share) in 2021, with net sales increasing to $8.5 billion from $7.7 billion. Packaging segment faced reduced volumes and higher operating costs. Despite lower profit, Q4 earnings surpassed guidance of $2.22 per share, attributed to better pricing and cost management. The company plans a Q1 2023 earnings estimate of $2.23 per share.

Packaging Corporation of America (NYSE: PKG) will host a conference call on January 26, 2023, at 9:00 a.m. Eastern Time, to discuss its fourth quarter and full year 2022 earnings results. These results will be released after the market closes on January 25, 2023. Participants can pre-register for the call via a provided link or dial in directly using toll-free numbers. A replay will be available from January 26 until February 9, 2023. PCA is a leading producer in North America, operating eight paper mills and 89 corrugated products plants.

Packaging Corporation of America (NYSE: PKG) has announced a quarterly dividend of $1.25 per share, payable on January 13, 2023, to shareholders on record as of December 19, 2022. PCA is the third-largest containerboard producer and a leading uncoated freesheet paper manufacturer in North America, operating eight paper mills and 89 corrugated products plants. The Board will determine future dividends and payment dates.

Packaging Corporation of America (NYSE: PKG) reported Q3 2022 net income of $262 million ($2.80 per share), up from $2.63 per share in Q3 2021. Net sales rose to $2.1 billion from $2.0 billion year-over-year. Key factors for earnings growth included price increases and a lower tax rate, although operational costs increased significantly. The company anticipates Q4 earnings of $2.22 per share, citing ongoing challenges in packaging demand and higher costs. PCA is a leading North American producer of containerboard and paper products.

Packaging Corporation of America (NYSE: PKG) declared a quarterly dividend of $1.25 per share on common stock. This dividend will be issued to shareholders on record as of October 3, 2022, with a payment date of October 17, 2022. PCA is recognized as the third-largest producer of containerboard products and a top manufacturer of uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.

Packaging Corporation of America (NYSE: PKG) will hold a conference call on October 25, 2022, at 9:00 a.m. Eastern Time to discuss its third quarter 2022 results. Earnings will be released after market close on October 24, 2022. Mark Kowlzan will lead the call, which can be accessed via pre-registration or by dialing toll-free numbers. A replay will be available from October 25 to November 8, 2022. PCA is a leading producer of containerboard products in North America, operating eight paper mills and 90 corrugated products plants.

Packaging Corporation of America (NYSE: PKG) reported a strong second quarter for 2022, achieving net income of $301 million or $3.20 per share. Net sales increased to $2.2 billion compared to $1.9 billion in 2021. Excluding special items, diluted earnings per share rose to $3.23, marking a $1.06 increase year-over-year. Key drivers included higher prices in the Packaging segment and reduced scheduled outage expenses. However, the company faced challenges, including higher operating costs and inflation. Looking forward, third-quarter earnings are expected at $2.80 per share amid ongoing economic pressures.

Packaging Corporation of America (NYSE: PKG) will host a conference call on July 26, 2022 at 9:00 a.m. Eastern Time to discuss its second quarter 2022 results. The earnings report will be released on July 25, 2022 after market close. Mark Kowlzan will lead the call. Interested participants can pre-register or join via toll-free numbers. A replay will be available from July 26, 2022 to August 9, 2022. PCA is a major player in the containerboard and uncoated freesheet paper markets in North America, operating eight paper mills and 90 corrugated product facilities.

Packaging Corporation of America (NYSE: PKG) announced that CEO Mark Kowlzan will attend BMO's 2022 Chemicals & Packaging Conference on June 22, 2022. He will participate in a group meeting and conduct one-on-one meetings alongside CFO Robert Mundy and Senior VP Ray Shirley. PCA is a major player in North America, being the third-largest producer of containerboard products and a leading manufacturer of uncoated freesheet paper, operating eight paper mills and 90 corrugated product plants.