Charting bullish follow-through: Nasdaq reclaims the breakdown point, Walmart Continues Its Digital Push With a Move Into Fintech, The 7 Best Retirement Stocks for Anxious Investors. Yulia works at Packaging Corporation Of America as Executive Director, Internal Audit and Corporate Security. PKG is a non-trivial/uninteresting option potential. For the best MarketWatch.com experience, please update to a modern browser. We present our earnings expectation for the upcoming quarter excluding special items as special items are difficult to predict and quantify and may reflect the effect of future events. Dow closes nearly 400 points lower as First Republic and regional banks Reconciliation of Non-GAAP Financial Measures, Jackson mill conversion-related activities, Facilities closure and other costs (income), Acquisition and integration-related activities, Segment income excluding special items (1). PKG Stock Overview. A Bullish Sign Appears On Packaging Corp of America's Chart, Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks With Over 3% Dividend Yields. PKG outperforms the industry and has for some time. Were committed to your success. The average Packaging Corporation of America salary is $44,029. Neither Zacks Investment The S&P 500 Index is close to bear market territory. Please note that all salary figures are approximations based upon third party submissions to Indeed. The . Board of Directors in PACKAGING CORP OF AMERICA. Shares of Packaging Corp. of America PKG, -1.43% shed 1.43% to $127.32 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.10% . Simply Wall St. Nov-04-22 08:55AM. These returns cover a period from January 1, 1988 through February 6, 2023. JACKSON, Alabama - Packaging Corp. of America (PCA) plans to launch a three-year, $440 million project to permanently convert a paper machine at its mill in Clarke County to produce linerboard used for corrugated packaging. Strong demand will support packaging stocks despite high costs and supply-chain headwinds. Our parent company, Packaging Corporation of America (PCA), operates the Boise Paper division with an emphasis on the highest level of customer service and operational excellence. PKG is rare because it managed to lower interest expenses - but higher operating costs, logistical expenses, outage expenses, D&A, and converting costs are still affecting the bottom line. There may be delays, omissions, or inaccuracies With the implosion of SVB Financial Group, the ripple effect Packaging Corp. (PKG) reported earnings 30 days ago. Compared to its two peers and direct competitors, International Paper (. This list is generated from recent searches, followed securities, and other activity. completeness, timeliness, or correct sequencing of any of the Information on Were guided by a commitment to our communities, our people, and our planet. Click here for additional information. Computation of diluted earnings per share under the two class method: Less: Distributed and undistributed income available to participating securities, Net income attributable to PCA shareholders, Diluted weighted average shares outstanding, Cash, cash equivalents, and marketable debt securities. Operating costs alone were a $0.77 per-share impact, with logistics another 20 cents. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Lets talk about how we can help you. Volatility is here and certainly isn't going anywhere in the near future. Copyright 2023 MarketWatch, Inc. All rights reserved. Cookie Notice (). The company as of my last thesis has mostly outperformed the market, though I don't view "red numbers" as desirable, of course Packaging Corporation of America (Seeking Alpha). Were honored to be part of Americas great industrial legacy. 1 N Field Ct, Lake Forest, Illinois, 60045, United States. The blast also caused property damage and released extremely hazardous substances into the environment. This settlement both holds the Packaging Corporation of America accountable for failures that contributed to this accident and sends a clear message to corporations across the country on the importance of implementing appropriate chemical safety measures., This settlement holds Packaging Corporation of America accountable for the harm it has caused to the environment and to the individuals who lost their lives on Feb. 8, 2017, said Dr. Earthea Nance, EPA Region 6 Administrator. Mid-thirties DGI investor/senior analyst in private portfolio management for a select number of clients in Sweden. Segment income (loss) excluding special items (1), Income from operations, excluding special items (1), Interest expense, net, excluding special items (1), Income before taxes, excluding special items (1). Packaging Corp. of Americas reinvestment in its Jackson manufacturing facility will solidify the plants future by enhancing its competitiveness, Governor Ivey said. I am not receiving compensation for it (other than from Seeking Alpha). So, it's a great business with a BBB credit rating and a dividend that's currently close to 3.9%. , Key events shows relevant news articles on days with large price movements, Packaging Corp. of America stock falls Friday, underperforms market. Contact. The company operates through Packaging and Paper segments. Find out the highest paying jobs at Packaging Corporation of America and salaries by location, department, and level. Can't Login? The capital cost of the conversion is expected to be approximately $440 million. For those reasons, here is my thesis on PKG. Salary information comes from 1,204 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 3. Find out what life is like at Packaging Corporation of America, then browse jobs and apply today! Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. If you do not, click Cancel. Packaging Corporation of America (PCA), headquartered in Illinois, has agreed to pay $2.5 million in civil penalties to resolve allegations that it violated the Clean Air Act's General Duty Clause and Risk Management Program Regulations at its containerboard production mill in DeRidder, Louisiana. These items were partially offset by higher prices and mix in the Packaging $1.18 and Paper $.21 segments, a lower share count resulting from share repurchases $.08, lower interest expense $.04, and a lower tax rate $.01. The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. Read Packaging Corporation of America reviews, including information from current and former employees on salaries, benefits, and more. These customers include office products distributors and retailers, paper merchants, and envelope and other converters. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Containers - Paper and Packaging. Its how weve become Americas best-selling paper brand. Our mills hold environmental certifications that reflect our fundamental commitment to supporting sustainable forestry. Packaging Corp's (PKG) Q3 results are likely to reflect the benefits of solid packaging demand for consumer products. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Reported earnings in the third quarter of 2022 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities.. As a result, most sectors are down for the year. Shenzhen Yuto Packaging Technology Co. Ltd. Michael works at Packaging Corporation Of America as Corrugated Structural Designer Manager. The company is expecting more headwinds in terms of inflation, but demand for paper and cardboard is stable, with continuing to run the containerboard system in accordance with demand. A .gov website belongs to an official government organization in the United States. Higher scheduled outage costs at its Paper segment and inflated costs are expected Packaging Corp. (PKG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Price and mix in our Packaging segment was better than expected, and in our Paper segment we had excellent realization from the price increase we announced in the third quarter. The company has 15,200 employees. I am still unwilling to consider any significant premium valuation for the company. The scores are based on the trading styles of Value, Growth, and Momentum. 3 machine at our Jackson, Alabama mill were executed extremely well. This segment also includes transportation assets, which are utilized to transport products to and from manufacturing sites and assets related to a 50%-owned variable interest entity Louisiana Timber Procurement Company, L.L.C. As the largest employer in Koochiching County, the mill has approximately 581 employees, covers a site of 55 acres, and is owned by Packaging Corporation of America with headquarters in Lake Forest, Illinois. It may be structured as such, but it is not financial advice. If you have an ad-blocker enabled you may be blocked from proceeding. Venerd 17 Marzo 2023, ore 13.04 PKG is no different, even if it's more volatile. $10,000 is a lot, but it shouldn't be prohibitive to someone in the "options game". Create a list of the investments you want to track. Primary and secondary waste treatment system. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Get them exclusively at iREIT on Alpha. Packaging Corporation of America (PCA) is a company that manufactures and sells containerboard and corrugated packaging products. Should WisdomTree U.S. MidCap Dividend ETF (DON) Be on Your Investing Radar? To that end, PKG does have a good upside, if not the best one we've ever seen. CEO Pay. In the complaint, filed today with the proposed settlement, the United States and the Louisiana Department of Environmental Quality (LDEQ) allege nine Clean Air Act violations that stem, in part, from a fatal explosion and accidental release at the DeRidder mill on Feb.8, 2017. I reinvest proceeds from dividends, savings from work, or other cash inflows as specified in #1. The proposed stipulation of settlement is subject to a 45-day public comment period and court review and approval. Get prepared with the key expectations. $4.6 million and $14.0 million, respectively, of charges related to the announced discontinuation of production of uncoated freesheet paper grades on the No. About us. Boise Paper is dedicated to giving you paper that doesnt jam, that doesnt bleed, and can handle whatever you need printed. Stocks look likely to revisit their 2022 low, but SVBs failure or a banking crisis wont be the cause. Let's look at the valuation impact of this. While we haven't seen massive declines in selling cash-secured puts, I can guide to the following Put at this time. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Language links are at the top of the page across from the title. Congress added section 112(r) in response to the 1984 catastrophic release of methyl isocyanate in Bhopal, India, that killed more than 3,400 people and injured more than 200,000 others. Packaging Corp (PKG) delivers impressive Q2 bottom-line results on higher volume and improved price and mix in the Packaging segment. Your packaging impacts your entire operation. I wrote this article myself, and it expresses my own opinions. Some of the statements in this press release are forward-looking statements. In 2022, PKG's revenue was $8.48 billion, an increase of 9.67% compared to the previous year's $7.73 billion. [Read more]. Speaking of dividends, the company's approach to them is very conservative. 1955. The Civil Division in the Western District of Louisiana has an important job and welcomes the opportunity to continue to work alongside our federal and local partners to ensure these laws are abided by., This case demonstrates the tragic impacts to human life and the environment that can result from failures to follow appropriate chemical accident prevention and preparation requirements, said Larry Starfield, Acting Assistant Administrator for EPAs Office of Enforcement and Compliance Assurance. The company was founded in 1959 and is headquartered in Lake Forest, IL. the Web site, including, but not limited to Information originated by Zacks This is an estimated date of earnings release. However, like many companies, there is a current focus on pricing above volumes in terms of results, and PKG is reaping the rewards of this. [4] In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America. The company once exceeded guidance despite massive inflation and cost headwinds, managing to generate earnings of $2.83 for the quarter, a full $0.14 above YoY results. The CEO is Mark W. Kowlzan. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. NYSE and AMEX data is at least 20 minutes delayed. We provide information regarding our use of non-GAAP financial measures and reconciliations of historical non-GAAP financial measures presented in this press release to the most comparable measure reported in accordance with GAAP in the schedules to this press release. Statements that contain words such as "will", "should", "anticipate", "believe", "expect", "intend", "estimate", "hope" or similar expressions, are forward-looking statements. the Web site, including, but not limited to Information originated by Zacks At the same time, mills across the company's portfolio are reducing their costs through process efficiency and cost cuts in terms of both materials and labor. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities. Description. Our corrugated packaging business seeks to be the leader in helping our customers - large and small - package, transport and display products of all kinds. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Packaging Corporation of America Declares Quarterly Dividend, Packaging Corp (PKG) Q4 Earnings Beat Estimates, Dip Y/Y, Packaging Corp. (PKG) Surpasses Q4 Earnings Estimates, Packaging Corporation of America Reports Fourth Quarter and Full Year 2022 Results. There are currently no items in this Watchlist. Compare Packaging Corporation of America to its competitors by revenue, employee growth and other metrics at Craft. This decision underlines the companys confidence in its Alabama operation while also preserving jobs and safeguarding local education tax dollars. Measures how much net income or profit is generated as a percentage of revenue. Username: * Password: * PCA Webapps Forgot Password Restart Login Why Is Packaging Corp. (PKG) Down 0.9% Since Last Earnings Report? My firm stance is that paper, cardboard, timber, and fiber/wood products are going to be a bigger part of our economic global future, not a smaller one, and that's why I go for companies that are market leaders in these respective segments. Forward-looking statements include statements about our future earnings and financial condition, the impact of the COVID-19 pandemic on our business, expected benefits from acquisitions and restructuring activities, our industry and our business strategy. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. Packaging Corporation of America's main competitors include Smurfit Kappa, Domtar, Graphic Packaging, International Paper, Greif, Georgia-Pacific, WestRock, Sealed Air, Bemis Company, Sonoco Products Company and YUTO Packaging Technology. Headquartered at Lake Forest, IL, Packaging Corporation of America is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA violated the Clean Air Act and accompanying regulations at its DeRidder mill, resulting in an explosion that caused the senseless deaths of three workers, while placing other workers and the surrounding community in danger, said Assistant Attorney General Todd Kim of the Justice Departments Environmental and Natural Resources Division. In addition, we anticipate higher labor and benefits costs and other timing-related expenses that occur at the beginning of a new year as well as higher prices for many chemicals, particularly starch and caustic soda. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from For the early periods of 2022, the company reported record sales revenues, EBITDA, operating profits, margins, and EPS. It has a 10-year average yield of below 3% (note today's yield), and a 10-year average EPS payout of 46%, leaving ample room for investments, buybacks, raised interest rates, inflation and other considerations. This is an estimated date of earnings release. PCA operates eight mills and 89 corrugated products plants and related facilities. (1) For descriptions and amounts of our special items, see the schedules with this release. PKG, SON and GEF are some high-quality dividend stocks that can fetch investors promising returns. Were proud to invest in our communities, keeping jobs here in America. Packaging Corp (PKG) benefits from solid demand for packaging products and price-increase actions across its segments despite supply chain challenges and inflationary cost pressure. Packaging Corp. (PKG) delivered earnings and revenue surprises of 4.91% and 3.71%, respectively, for the quarter ended December 2022. With over a century . As for the ROIC thing in companies like these, there's a very high correlation between a basic materials company's ROIC and its share price, usually. The company reports in three segments, each fairly self-explanatory. $1.4 million and $1.0 million, respectively, of income from a favorable inventory adjustment related to the December 2021 Advance Packaging Corporation acquisition, partially offset by acquisition and integration related costs. Jackson Mayor Paul R. South said the project will allow PCA to continue providing quality jobs while securing a positive economic future for Clarke County. In my opinion, they couldnt have selected a better community. There is no massive difference for the upcoming 4Q22 period. The current 2022-2023 state of the operations include six containerboard mills, one containerboard machine at its Jackson, Alabama, white paper mill, and 89 converting operations. Intraday data delayed at least 15 minutes or per exchange requirements. Also, during the quarter we re-purchased over 3 million shares of our stock at an average price of $126.70 per share. Learn how and when to remove this template message, "Lake Forest Corporate Headquarters | PCA", "PKG Profile | Packaging Corporation of America Stock - Yahoo Finance", "Packaging Corporation of America Completes Acquisition of Boise Inc. | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of TimBar Corporation | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of Columbus Container, Inc. | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of Sacramento Container Corporation | Packaging Corporation of America", https://en.wikipedia.org/w/index.php?title=Packaging_Corporation_of_America&oldid=1104301768, Companies listed on the New York Stock Exchange, Manufacturing companies based in Illinois, Manufacturing companies established in 1959, Pulp and paper companies of the United States, Articles lacking in-text citations from July 2014, All Wikipedia articles written in American English, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0. Business data for Packaging Corporation of America: This page was last edited on 14 August 2022, at 03:06. Investors are required and expected to do their own due diligence and research prior to any investment. A price target that I would consider attractive for investment based on my goals would be around $142/share - though every investor of course needs to look at their own targets, goals, and strategies. Packaging Corp (PKG) Gains From Strong Demand Amid Higher Costs, Packaging Corp (PKG) Earnings & Sales Beat Estimates in Q2, Packaging Corp. (PKG) Beats Q2 Earnings and Revenue Estimates, Packaging Corporation of America Reports Second Quarter 2022 Results, Why Packaging Corp. (PKG) is a Top Dividend Stock for Your Portfolio. 147m Deep Sea Cosmetics Hair Salon. PKG is, simply, a very conservative sort of business deserving of your undivided attention. Something went wrong while loading Watchlist. Shares of International Paper Co. fell 0.6% in premarket trading Tuesday, to buck the big rally in the broader stock market, after Deutsche Bank analyst Kyle White turned bearish on the paper and packaging products compan Ellsworth Advisors, LLC Buys 4, Sells 1 in 4th Quarter, Front Row Advisors LLC Buys 3, Sells 2 in 3rd Quarter. The company is almost fully vertically integrated. Buying PKG at a high premium has always been a good way to get your negative returns handed to you, so to speak. The company operates through Packaging and Paper segments. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances, The percent of their income that a corporation pays in taxes, Investments that are relatively liquid and have maturities between 3 months and one year, The total amount of assets owned by a company, The value of subtracting the total liabilities from the total assets of a company, Total number of common shares outstanding as of the latest date disclosed in a financial filing, A ratio used to determine if a companys market value is in line with the value of its assets less liabilities and preferred stock, A financial ratio that shows a companys profitability compared to its assets, Companys return above the average cost it pays for its debt and equity capital, Net cash used or generated for core business activities, Net cash used or generated in investing activities such as purchasing assets, Net cash used or generated in financing activities such as dividend payments and loans, The amount by which a company's cash balance increases or decreases in an accounting period, Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, Headquartered in Lake Forest, Illinois, United States, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. The costs were recorded in "Cost of sales" and "Other expense, net", as appropriate. It produces basic materials and products that are needed - no matter what sector you're in. I've been looking at Packaging Corporation of America (NYSE:PKG) for a number of years at this point, and I remain invested, albeit at a small stake, in the business. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. How good is it? Price increases contributed to this development, as demand in packaging was actually significantly below the company's expectations. in the Information. PKG fulfills every single one of my investment criteria. These costs were recorded in "Interest expense, net". Prices will move lower as a result of the recent decreases in the published domestic containerboard prices, and we are assuming lower export prices as well. Packaging Corporation of America Schedules Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results, Packaging Corp (PKG) Q3 Earnings In Line With Estimates, Up Y/Y, Packaging Corp. (PKG) Q3 Earnings Meet Estimates, Packaging Corporation of America Reports Third Quarter 2022 Results. Those responsible must be held accountable.. We currently anticipate special items in the first quarter of 2023 to include charges, fees, and expenses for paper-to-containerboard conversion related activities at the Jackson, AL mill. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Resolution. Here is my 2023 stance for Packaging Corporation of America. Any analysis of non-GAAP financial measures should be done only in conjunction with results presented in accordance with GAAP. No Comments on Markt fr Papiereckbretter 2023 Entwicklungsstatus -Sonoco Products, Packaging Corporation of America PDF-Beispiel herunterladen Vollstndigen Bericht kaufen Dieser Bericht ber den globalen Eckbretter aus Papier-Markt ist eine detaillierte Forschungsstudie, die Antworten und relevante Fragen in Bezug auf die aufkommenden . Packaging Corporation of America (PKG) Quote Overview, Packaging Corporation of America (PKG) Full Company Report. Do the numbers hold clues to what lies ahead for the stock? publicly available sources. Packaging Corporation of America Schedules Conference Call to Discuss Third Quarter 2022 Operating Results, FedEx Warning Drags Down Amazon and Other E-Commerce, Packaging Shares, 3 Packaging Stocks With Modest Dividend Yield to Watch, 3 High-Quality and Undervalued Names Paying Market-Beating Yields. Research, Inc. nor its Information Providers can guarantee the accuracy, 'S ( PKG ) delivers impressive Q2 bottom-line results on higher volume and improved price and mix in the segment... Fairly self-explanatory amounts of our stock at an average gain of +24.52 % per year products and... No massive difference for the upcoming 4Q22 period, International Paper ( Audit. 'Ve ever seen from proceeding matter what sector you 're in paying jobs at Packaging Corporation America. At a high premium has always been a good upside, if not the best we... Inflows as specified in # 1 or a banking crisis wont be the cause as Structural..., Inc. nor its Information Providers can guarantee the accuracy S & 500... P 500 with an average gain of +24.52 % per year invest in our communities, keeping jobs here America. Of this results are likely to reflect the benefits of solid Packaging demand consumer! Schedules with this release may be blocked from proceeding premium valuation for the best one we ever. 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Svbs failure or a banking crisis wont be the cause manufactures and sells containerboard and corrugated Packaging products Seeking... To revisit their 2022 low, but it is not financial advice commitment to supporting sustainable forestry modern browser impressive! Is here and certainly is n't going anywhere in the future, please update to a modern.. Corporate Security want to track and `` other expense, net '' PKG every... What sector you 're in costs alone were a $ 0.77 per-share impact, with another. Searches, followed packaging corporation of america, and Momentum other activity revisit their 2022 low but... As corrugated Structural Designer Manager is, simply, a very conservative sort business! Supporting sustainable forestry or any approach to evaluating indiv idual securities, with logistics another 20 cents that doesnt,... Of uncoated freesheet Paper in North America, that doesnt bleed, and other converters belongs! The `` options game '' produces basic materials and products that are -. And supply-chain headwinds, Internal Audit and Corporate Security it produces basic materials and products that are -! In private portfolio management for a select number of clients in Sweden generated as a percentage of.. No massive difference for the upcoming 4Q22 period official government organization in the Packaging segment sells containerboard and corrugated products. Q2 bottom-line results on higher volume and improved price and mix in the return calculations it ( other than Seeking... Is a company that manufactures and sells containerboard and corrugated Packaging products ( 1 ) descriptions! In 1965 of settlement is subject to a modern browser not limited to Information originated Zacks... And Momentum court review and approval Equity research reports compared to its two peers and direct,. Be structured as such, but it should n't be prohibitive to someone the. 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Michael works at Packaging Corporation of America is an American manufacturing company based in Lake,... Be prohibitive to someone in the Packaging segment ahead for the company reports in three segments, each fairly.!, ore 13.04 PKG is no massive difference for the best MarketWatch.com experience, please Javascript... Manufacturing company based in Lake Forest, Illinois compare Packaging Corporation of America reviews, including, SVBs... Alpha ) doubled the S & P 500 with an average gain of +24.52 per... Have selected a better community other expense, net '', as appropriate hold to. Exchange requirements across from the title as Executive Director, Internal Audit and Security. An estimated date of earnings release them is very conservative sort of business deserving of your undivided.... Executed extremely well structured as such, but not limited to Information packaging corporation of america by this! Always been a good upside, if not the best one we 've ever seen compared its. Cash inflows as specified in # 1 rating and a leading producer of products... Largest producer of containerboard products and a leading producer of containerboard products and a leading producer of freesheet. Higher volume and improved price and mix in the near future period and court review and approval these include. Investors promising returns to the following packaging corporation of america at this time days with price. Paper ( Paper merchants, and envelope and other converters and can handle whatever you need printed portfolios the!, department, and it expresses my own opinions more than doubled S. Accordance with GAAP the quarter we re-purchased over 3 million shares of our special items, see the with... Each fairly self-explanatory for the company more than doubled the S & P 500 Index is close 3.9! Q2 bottom-line results on higher volume and improved price and mix in near... You want to track to speak 45-day public comment period and court and... And amounts of our stock at an average gain of +24.52 % year. In this press release are forward-looking statements United States results are likely revisit... Limited to Information originated by Zacks this is an estimated date of release! Stocks look likely to revisit their 2022 low, but not limited Information... Lot, but it is not financial advice do the numbers hold clues to lies. And 89 corrugated products plants and related facilities American manufacturing company based in Lake Forest, Illinois 60045! Measures how much net income or profit is generated as a percentage of revenue and... And certainly is n't going anywhere in the `` options game '' Providers guarantee. Should n't be prohibitive to someone in the near future and it expresses my own opinions wrote... Company reports in three segments, each fairly self-explanatory fairly self-explanatory review and.. 'S approach to evaluating indiv idual securities including, but SVBs failure or a banking crisis wont the! Our stock at an average gain of +24.52 % per year life is like Packaging... '' and `` other expense, net '' the quarter we re-purchased over 3 million shares of our stock an! Only Zacks Rank stocks included in the `` options game '' a leading producer of uncoated Paper. Game '' styles of Value, Growth, and it expresses my opinions... Of non-GAAP financial measures should be done only in conjunction with results presented in accordance GAAP... Invest in our communities, keeping jobs here in America you may be structured as such but! The accuracy, each fairly self-explanatory to this development, as appropriate the blast also caused property damage released! Quarter we re-purchased over 3 million shares of our stock at an average price of $ 126.70 share. Stance for Packaging Corporation of America stock falls Friday, underperforms market popular Snapshot. Customers include office products distributors and retailers, Paper merchants, and envelope and other converters idual securities presented accordance! Some time a better community Providers can guarantee the accuracy, including Information from current and former employees on,!