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Packaging Corporation of America reports recurring developments for a North American producer of containerboard products, corrugated packaging, and uncoated freesheet paper. The company describes itself as the third-largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America, with ten mills and 91 corrugated products plants and related facilities supporting its packaging operations.
Company news is centered on quarterly and full-year operating results, segment financial summaries, non-GAAP reconciliations, special items, dividend declarations on common stock, earnings conference calls, and investor conference presentations. Updates also discuss operating items such as mill restructuring, acquisition and integration costs, and corrugated products facility closures when those actions affect reported results.
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.
Packaging Corporation of America (NYSE: PKG) will host a conference call on April 27, 2021, at 9:00 a.m. ET to discuss its first quarter 2021 results. Earnings will be released after market close on April 26, 2021. Participants can join the call by dialing (855) 730-0288 (U.S.) or (832) 412-2295 (International) by 8:45 a.m. ET. Mark Kowlzan will lead the call with conference ID 4555529. A replay will be available from April 27, 2021, until May 11, 2021. The call can also be accessed via webcast at PCA's website.
Packaging Corporation of America (NYSE: PKG) announced the discontinuation of uncoated freesheet (UFS) production at its Jackson, AL mill, transitioning the No. 3 paper machine to a linerboard production line. The conversion will increase capacity from 365,000 tons to 700,000 tons per year over 36 months. Initial production is set at 75% capacity post-first phase outage in 2022, with full capacity by late 2023. The capital investment is around $440 million, with projected pre-tax charges of $5-$10 million and $15-$20 million in asset impairment. PCA emphasizes improved profitability and supply integration.
Packaging Corporation of America (NYSE: PKG) has announced a quarterly dividend of $1.00 per share, payable on April 15, 2021, for shareholders of record by March 15, 2021. The Board of Directors will determine future dividends and their payment schedules. PCA ranks as the third largest producer of containerboard products and uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.
Packaging Corporation of America (NYSE: PKG) reported Q4 2020 net income of $124 million, or $1.30 per share, down from $1.43 per share in Q4 2019. Full year 2020 net income reached $461 million, or $4.84 per share, a decrease from $7.34 in 2019. Q4 net sales remained flat at $1.7 billion, while full year sales dropped to $6.7 billion from $7.0 billion in 2019. Key factors impacting results included lower prices in the Packaging and Paper segments, increased maintenance and freight costs, and tax rate rises. Segment income for Packaging was $209.6 million, while Paper incurred a loss of $1.7 million.
Packaging Corporation of America (NYSE: PKG) is set to hold a conference call on January 28, 2021, at 9:30 a.m. ET to discuss its fourth quarter and full year 2020 results. Earnings results will be made public after market close on January 27, 2021. Interested parties can join the call by dialing (855) 730-0288 for U.S. callers or (832) 412-2295 for international attendees. Mark Kowlzan will lead the call, and a replay will be available until February 11, 2021. PCA is the third largest producer of containerboard products and operates eight paper mills and 92 plants in North America.
Packaging Corporation of America (NYSE: PKG) announced a significant increase in its quarterly cash dividend to an annual amount of $4.00 per share, up from $3.16, reflecting a 27% rise. The first dividend of $1.00 per share will be paid on January 15, 2021 to shareholders of record by December 21, 2020. This move highlights PCA's operational and financial strength, as emphasized by CEO Mark W. Kowlzan, who reaffirmed the company’s commitment to generating value for shareholders.