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 Corporation of America (PKG) will host a conference call on January 27, 2022, at 9:00 a.m. ET, to discuss its Q4 and full year 2021 results. Earnings results will be released after market close on January 26, 2022. Participants can dial (877) 370-2526 in the U.S. or (720) 634-2764 internationally. A replay will be available from 12:00 p.m. ET on January 27 until February 10, 2022. The call can also be accessed via webcast at www.packagingcorp.com.
Packaging Corporation of America (PKG) has announced a quarterly dividend of $1.00 per share, payable to shareholders on January 14, 2022, for those on record by December 20, 2021. The company is a major player in the North American packaging industry, being the third largest producer of containerboard products and a leading manufacturer of uncoated freesheet paper, operating eight paper mills and 89 corrugated products plants.
Packaging Corporation of America (NYSE: PKG) reported a strong third quarter for 2021, achieving net income of $251 million, or $2.63 per share. Excluding special items, earnings were $2.69 per share, up from $1.57 in Q3 2020, driven by higher pricing in the Packaging segment and increased production volumes. Total net sales reached $2.0 billion, a significant rise from $1.7 billion the previous year. Despite rising operational costs and supply chain challenges, the company anticipates fourth quarter earnings of $2.04 per share, factoring in higher costs and reduced production due to scheduled outages.
Packaging Corporation of America (NYSE: PKG) will hold a conference call on October 26, 2021 at 9:00 a.m. Eastern Time to discuss its third quarter 2021 results. Earnings will be released after the market closes on October 25, 2021. Participants can access the call by dialing (855) 730-0288 for U.S. listeners or (832) 412-2295 internationally. A replay will be available until November 9, 2021. 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 regular quarterly dividend of $1.00 per share on its common stock. This dividend will be paid to shareholders of record as of September 15, 2021, with a payment date set for October 15, 2021. The company's Board of Directors will determine future dividends and payment schedules. PCA, a leading producer of containerboard products and uncoated freesheet paper in North America, operates eight paper mills and 89 corrugated products plants.
Packaging Corporation of America (NYSE: PKG) reported a strong second quarter 2021, with net income of $207 million, or $2.17 per share, up from $0.59 per share in 2020. Net sales rose to $1.9 billion from $1.5 billion, driven by higher prices and increased volume in both the Packaging and Paper segments. Segment income for Packaging was $317.2 million, a significant increase from last year. Looking ahead, the company anticipates continued strong demand and expects third quarter earnings of $2.37 per share, despite ongoing inflationary pressures and logistical challenges.
Packaging Corporation of America (NYSE: PKG) will hold a conference call on July 27, 2021, at 9:00 a.m. Eastern Time to discuss its second quarter 2021 results. Earnings will be released on July 26, 2021, after market close. Interested participants can access the call by dialing either (855) 730-0288 for U.S. and Canada or (832) 412-2295 for international calls. A replay will be available from July 27 until August 10, 2021. PCA is a leading producer of containerboard products and uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated plants.
Packaging Corporation of America (NYSE: PKG) will participate in KeyBanc’s Industrials and Basic Materials Virtual Conference on June 4, 2021. CEO Mark Kowlzan and CFO Robert Mundy will conduct 1x1 meetings, including a brief presentation available on PCA's website before the event. PCA is the third-largest producer of containerboard products and a major uncoated freesheet paper producer in North America, operating eight paper mills and 90 corrugated products plants.
Packaging Corporation of America (NYSE: PKG) has declared a quarterly dividend of $1.00 per share on its common stock. This dividend will be distributed to shareholders recorded by June 15, 2021, with payments scheduled for July 15, 2021. The company's future dividend declarations are pending confirmation from its Board of Directors. PCA ranks as the third largest producer of containerboard products and is a prominent player in uncoated freesheet paper production in North America, operating eight paper mills and 90 corrugated products plants.
Packaging Corporation of America (NYSE: PKG) reported net income of $167 million for Q1 2021, equating to $1.75 per share, an increase from $1.49 per share in Q1 2020. Excluding special items, net income was $169 million, or $1.77 per share. Net sales reached $1.8 billion, up from $1.7 billion in the previous year. Strong packaging demand contributed to a 6.6% increase in corrugated products shipments. However, the paper segment saw lower volume and prices. Inflation in operating and logistics costs negatively impacted profits. Future expectations include strong demand and price increases, despite anticipated higher outage expenses.