Welcome to our dedicated page for Packaging of America news (Ticker: PKG), a resource for investors and traders seeking the latest updates and insights on Packaging of America stock.
Packaging Corporation of America (PCA) is a premier player in the US packaging industry, standing as the fourth largest producer of containerboard and corrugated packaging products in the nation. With roots tracing back to 1959, PCA has grown significantly over the decades, particularly with its notable acquisition of Boise, Inc. in 2013, which bolstered its annual sales to $5.5 billion and expanded its workforce to 13,600 employees.
Today, PCA operates eight mills and 94 converting locations, producing over 4.5 million tons of containerboard annually. The company's extensive portfolio includes containerboard, uncoated freesheet paper, and corrugated products that cater to a wide range of industries. PCA's unique market approach includes a strong focus on smaller customers, enabling a high degree of operational flexibility and personalized service.
The company's mission is encapsulated in its commitment to quality and innovation. PCA prides itself on combining superior products with a creative and knowledgeable total-service team. This team is dedicated to understanding customer needs and delivering packaging solutions that not only meet but exceed expectations. PCA's collaborative culture emphasizes trust and strong relationships, resulting in innovative packaging solutions and an outstanding service experience for its clients.
Financially, PCA is robust, with consistent performance and a proactive approach to market dynamics. The company’s well-established infrastructure and strategic partnerships enable it to adapt swiftly to changing market demands while maintaining high standards of sustainability and environmental responsibility.
Among PCA's recent achievements are advancements in sustainable packaging solutions, investments in state-of-the-art machinery, and a continuous push towards operational excellence. The company's ongoing projects focus on expanding its product offerings, enhancing production efficiency, and reducing its environmental footprint, aligning with global sustainability trends.
For investors and stakeholders, PCA represents a stable and innovative entity in the packaging sector, with a proven track record of growth, strong market presence, and a forward-looking strategy that ensures long-term value creation.
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.
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