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 (PKG) reported strong Q1 2025 results with net income of $204 million, or $2.26 per share ($2.31 excluding special items). Net sales reached $2.1 billion, up from $2.0 billion in Q1 2024.
The company achieved a $.59 per share increase compared to Q1 2024, driven by higher prices and mix in the Packaging segment ($.78) and increased volume ($.27). The Packaging segment saw corrugated products shipments rise 2.5% year-over-year, with containerboard production at 1,250,000 tons.
Results exceeded Q1 guidance by $.10 per share. Looking ahead, PKG expects Q2 2025 earnings of $2.41 per share, factoring in improved domestic prices, flat export prices, and higher operating costs due to planned maintenance outages.
Packaging of America (NYSE: PKG) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Wednesday, April 23, 2025, at 9:00 a.m. Eastern Time. The company will release its Q1 2025 earnings results after market close on Tuesday, April 22, 2025.
The conference call will be led by Mark Kowlzan and will be accessible through pre-registration or direct dial-in options. Investors can join using toll-free numbers: 833-816-1102 (U.S.), 866-605-3852 (Canada), or 412-317-0684 (International). A replay will be available from April 23 until May 7, 2025.
PCA, currently the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America, operates eight paper mills and 85 corrugated products plants and related facilities.
Packaging of America (NYSE: PKG) has announced its Board's approval of a regular quarterly dividend of $1.25 per share on its common stock. The dividend will be paid to shareholders of record as of March 14, 2025, with payment scheduled for April 15, 2025.
PCA maintains its position as North America's third largest producer of containerboard products and a leading producer of uncoated freesheet paper. The company's operations include eight paper mills and 86 corrugated products plants and related facilities.
Packaging of America (NYSE:PKG) has announced significant management changes effective May 1, 2025. Robert P. Mundy, Executive VP and CFO, will step down and remain in an advisory role until March 2026. Kent A. Pflederer, current General Counsel, will become the new CFO.
Thomas A. Hassfurther has been promoted to President, continuing to report to Chairman and CEO Mark W. Kowlzan, while maintaining oversight of the corrugated products business and leading strategic growth efforts. Additionally, D. Ray Shirley has been appointed Executive VP, Corrugated Products, reporting to Hassfurther.
PCA is currently the third largest producer of containerboard and corrugated packaging products in the United States, operating eight paper mills and 86 corrugated products plants.
Packaging of America (NYSE:PKG) announced that CEO Mark Kowlzan will present at Bank of America Securities' 2025 Global Agriculture and Materials Conference on February 27, 2025, at The Conrad Fort Lauderdale Beach, Florida. Following his presentation, Kowlzan and Executive VP/CFO Robert Mundy will participate in a Fireside Chat Q&A session and host one-on-one meetings.
PCA, positioned as North America's third-largest containerboard products manufacturer and a leading uncoated freesheet paper producer, maintains operations across eight mills and 86 corrugated products facilities.
Packaging of America (PKG) reported strong Q4 2024 results with net income of $221 million ($2.45 per share), or $222 million ($2.47 per share) excluding special items. Q4 net sales reached $2.1 billion, up from $1.9 billion in 2023.
Full-year 2024 performance showed net income of $805 million ($8.93 per share), or $814 million ($9.04 per share) excluding special items. Annual net sales increased to $8.4 billion from $7.8 billion in 2023.
The Packaging segment achieved record Q4 shipments, with corrugated product shipments up 9.1% year-over-year. Containerboard production reached 1,310,000 tons. The Paper segment saw a 5% sales volume increase compared to Q4 2023.
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.
