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Packaging Corp Of America  (PKG)
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Price: $179.9600 $1.71 0.959%
Day's High: $179.18 Week Perf: -0.22 %
Day's Low: $ 178.65 30 Day Perf: -0.56 %
Volume (M): 29 52 Wk High: $ 191.27
Volume (M$): $ 5,224 52 Wk Avg: $154.72
Open: $179.41 52 Wk Low: $122.20



 Market Capitalization (Millions $) 16,241
 Shares Outstanding (Millions) 90
 Employees 15,200
 Revenues (TTM) (Millions $) 7,842
 Net Income (TTM) (Millions $) 788
 Cash Flow (TTM) (Millions $) -76
 Capital Exp. (TTM) (Millions $) 579

Packaging Corp Of America
Packaging Corporation of America is the fourth largest producer of containerboard products and the third largest producer of uncoated freesheet in the United States, based on production capacity. We operate five containerboard mills, three paper mills and 94 corrugated products manufacturing plants. We are headquartered in Lake Forest, Illinois and operate primarily in the United States.

During 2016, we made two acquisitions in our corrugated products business: Tim-Bar Corporation ("TimBar") and Columbus Container, Inc. ("Columbus Container"). On August 29, 2016, we acquired substantially all of the assets of TimBar, a large independent corrugated products producer with six corrugated products production facilities. TimBar provides solutions to customers in the higher-margin retail, industrial packaging and display and fulfillment markets with a focus on multi-color graphics and technical innovation. On November 30, 2016, we acquired substantially all of the assets of Columbus Container for a purchase price of $100 million. Columbus Container is a full-service provider of corrugated packaging products, with a full-line corrugated products plant, warehousing facilities, and other related operations located in Indiana and Illinois. We used available cash on hand to purchase Columbus Container. The operating results of TimBar and Columbus Container are included in our results and reported in the Packaging segment from and after the respective dates of acquisition. These acquisitions will accelerate the growth strategy and increase the containerboard integration level in our Packaging segment.

Our corrugated products are sold through a direct sales and marketing organization, independent brokers, and distribution partners. We have sales representatives and a sales manager at most of our corrugated manufacturing operations and also have corporate account managers who serve customer accounts with a national presence. Additionally, our design centers maintain an on-site dedicated graphics sales force. In addition to direct sales and marketing personnel, we utilize new product development engineers and product graphics and design specialists. These individuals are located at both the corrugated plants and the design centers. General marketing support is located at our corporate headquarters.

Our containerboard sales group is responsible for the coordination of linerboard and corrugating medium sales to our corrugated plants, to outside domestic customers, and to export customers. This group handles order processing for all shipments of containerboard from our mills to our corrugated plants. These personnel also coordinate and execute all containerboard trade agreements with other containerboard manufacturers.

Containerboard produced in our mills is shipped by rail or truck. Our corrugated products are delivered by truck due to our large number of customers and their demand for timely service. Our corrugated manufacturing operations typically serve customers within a 150-mile radius. We sometimes use third-party warehouses for short-term storage of corrugated products.



   Company Address: 1 North Field Court Lake Forest 60045 IL
   Company Phone Number: 482-3000   Stock Exchange / Ticker: NYSE PKG
   PKG is expected to report next financial results on April 22, 2024.


Customers Net Income fell by PKG's Customers Net Profit Margin fell to

-16.47 %

6.49 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BALL   -1.79%    
CCK        1.89% 
GPK   -0.8%    
SLGN        0.36% 
SON        1.08% 
WRK        1.03% 
• View Complete Report
   



Dividend

Packaging Corporation of America Bolsters Shareholder Value with Quarterly Dividend Declaration

Published Wed, Feb 28 2024 9:30 PM UTC



LAKE FOREST, Ill. - Packaging Corporation of America (NYSE: PKG) has recently announced a regular quarterly dividend of $1.25 per share on its common stock. The company's Board approved this dividend, aiming to enhance shareholder value and reinforce its commitment to delivering consistent and reliable returns.
Facts:
Packaging Corporation of America's lat...

Dividend

Packaging Corporation of America's Dividend Declaration and Record-Breaking Share Growth Pave the Way for Investor Success

Published Thu, Dec 7 2023 9:01 PM UTC



Packaging Corporation of America (NYSE: PKG) has recently made an important announcement regarding its quarterly dividend and share performance. This article will outline the facts presented in the press release and assess their impact on the company's shares.
1. Quarterly Dividend Declaration:
Packaging Corporation of America's Board has approved a regular...

Packaging Corp Of America

Reviving Growth: Packaging Corp of America's Revenue Dips Temporarily in Q3 2023

Packaging Corp Of America (NYSE: PKG) has recently come under scrutiny due to a decrease in earnings per share and revenue for the July to September 30, 2023 period. However, despite these challenges, the company has shown resilience and a commitment to its shareholders by declaring a quarterly dividend of $1.25 per share on its common stock.
The decline in earnings per share by -27.5% to $2.03 per share can be attributed to a decrease in revenue of -8.947% to $1.94 billion compared to the previous year. Additionally, earnings fell by -30.21% to $183.200 million during the same period. These figures may cause concern for some investors, but it is important to consider the broader context.

Dividend

Packaging Corporation of America Bolsters Shareholder Value with Quarterly Dividend Declaration

Published Wed, Sep 13 2023 9:00 PM UTC

Packaging Corporation of America Declares Quarterly Dividend
LAKE FOREST, Ill. - In a recent press release, Packaging Corporation of America (NYSE: PKG) announced that its Board has approved a regular quarterly dividend of $1.25 per share on its common stock. Shareholders of record as of September 25, 2023, will receive the dividend payment on October 13, 2023.
As o...

Packaging Corp Of America

Packaging Corp Of America Reports 30% EPS Decline Amid Lofty 2Q 2023 Sales Slump

Financial News Report: Packaging Corp Of America Discloses Soft Q2 2023 Results
Packaging Corp Of America (PKG) recently released its second-quarter financial report for 2023, which revealed a decline in both top and bottom-line figures. The company witnessed a significant drop of -30% in net profit per share and a -12.765% decrease in revenue year on year.
In Q2 2023, the company's revenue stood at $1.95 billion, compared to $2.24 billion in the same period last year. Meanwhile, earnings per share (EPS) dropped to $2.24 from $3.20 reported in Q2 2022. Although there was a 6.16% improvement in income from the prior quarter, with $2.11 per share, revenue declined by -1.245% from $1.98 billion.






 

Packaging Of America's Segments
 
 
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