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 (NYSE: PKG) has announced a definitive agreement to acquire Greif's containerboard business for $1.8 billion in cash. The acquisition includes two containerboard mills with 800,000 tons of production capacity and eight sheet feeder and corrugated plants across the United States.
The acquired business generated $1.2 billion in sales and $212 million EBITDA in the LTM period ended April 30, 2025. The purchase price represents 8.5X LTM EBITDA, reducing to 6.6X when including projected synergies of $60 million. PCA plans to finance the transaction with $1.5 billion of new debt and cash on hand, resulting in a pro forma leverage ratio of approximately 1.7X.
The transaction is expected to close by the end of PCA's third quarter 2025, subject to regulatory approvals. The company expects the acquisition to be immediately accretive to earnings, with synergy benefits fully realized within two years through improved operational efficiencies, increased integration, and lower transportation costs.
Packaging Corporation 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 July 15, 2025, to shareholders of record as of June 13, 2025. PCA, 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.
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.