If the company goes well beyond normalization and goes into overvaluation, I harvest gains and rotate my position into other undervalued stocks, repeating #1. PCA Chairman and CEO Mark Kowlzan said the project will enable the company to meet strong packaging demand and to optimize the Alabama mills profitability and viability. Revenue. Click here to run a system check. Speaking of dividends, the company's approach to them is very conservative. 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. Find out the highest paying jobs at Packaging Corporation of America and salaries by location, department, and level. The company has 15,200 employees. With the implosion of SVB Financial Group, the ripple effect Packaging Corp. (PKG) reported earnings 30 days ago. Lake Forest, Illinois-based PCA announced that it discontinued the production of uncoated freesheet, used for copy paper . 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. Price increases contributed to this development, as demand in packaging was actually significantly below the company's expectations. M&T Bank Corp lifted its holdings in Packaging Co. of America (NYSE:PKG - Get Rating) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange . View Michael Derr's email address (m*****@packag***.com) and phone number. trademark use go to: Boise Paper is a division of Packaging Corporation of America (PCA). PKG is a non-trivial/uninteresting option potential. Because of that, I view PKG as a "BUY" here. Find the Boise Paper that is right for you, and lets get to work. The S&P 500 Index is close to bear market territory. (877) 330-9496. $1.2 million and $0.7 million, respectively, of charges consisting of closure costs related to corrugated products facilities. Every day you have deadlines to meet, people to impress and work to do. 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. Yulia works at Packaging Corporation Of America as Executive Director, Internal Audit and Corporate Security. I'll keep an eye on both the February and the April puts for this one. Excluding special items, the $.14 per share increase in third quarter 2022 earnings compared to the third quarter of 2021 was driven primarily by higher prices and mix in our Packaging $1.60 and Paper $.23 segments . The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Containers - Paper and Packaging. PCA is the third largest producer of containerboard in the United States and the third largest producer of uncoated freesheet in North America, based . I have no business relationship with any company whose stock is mentioned in this article. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The City of Jackson looks forward to working with the corporation as the project moves forward, South said. ET by Tomi Kilgore. So that 5-year premium of 16.5x P/E, that's an average I very much ignore, focusing instead on the 15x standard. I've been through the quarterly P&Ls and the various items affecting comps, and there wasn't anything that drew my attention - just remember that costs are indeed a thing here. There may be delays, omissions, or inaccuracies As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. (1) For descriptions and amounts of our special items, see the schedules with this release. Description. In the Packaging segment, shipments per day were down (8.7%) and total corrugated products shipments, with one less shipping day, were down (10.2%) versus last years fourth quarter. Financial information by segment is summarized below and in the schedules with this release. Stock Symbol. At work, at school, or at home, you deserve drama-free printing. Do the numbers hold clues to what lies ahead for the stock? We have a long-standing relationship with this outstanding company, and we are committed to helping them achieve their goals to ensure a bright, successful future.. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special items. Visit a quote page and your recently viewed tickers will be displayed here. PCA issued this brief statement through the Jackson mill: "Due to economic conditions and lower demand for our . Considering these items, we expect first quarter earnings of $2.23 per share.". 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. 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. Please note that all salary figures are approximations based upon third party submissions to Indeed. Packaging Corp. of America was founded in 1867. For the best MarketWatch.com experience, please update to a modern browser. the Web site, including, but not limited to Information originated by Zacks Website. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. 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. LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, October 25, 2022 at 9:00 a.m. Eastern Time to discuss third quarter 2022 result Philip Ng with Jefferies joins 'Power Lunch' to discuss their downgrading due to inventory surplus and slowing demand for containerboard, which is highly correlated with overall economic health. Packaging Corporation of America engages in the production of container products. Transporting is handled mostly by rail, or truck. 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). Disclosure: I/we have a beneficial long position in the shares of PKG,IP either through stock ownership, options, or other derivatives. Corporate and Other segment includes corporate support staff services, and related assets and liabilities. The three and twelve months ended December 31, 2022 include the following: $4.7 million and $14.1 million, respectively, of charges related to the announced discontinuation of production of uncoated freesheet paper grades on the No. 156:1. [2] The company has about 15,500 employees, with operations primarily in the United States. 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. The . All rights reserved. Subscriber Agreement & Terms of Use | Uncover why Packaging Corporation of America is the best company for you. Quality packaging company of america products list - packaging company of america Provided by Manufacturers & Wholesalers from China. Research, Inc. nor its Information Providers can guarantee the accuracy, It offers shipping containers for manufactured goods, multi-color boxes and displays that help to merchandise the packaged product in retail locations, and honeycomb protective packaging products. Results were $.13 above fourth quarter guidance of $2.22 per share primarily due to higher prices and mix in the Packaging segment, lower freight and logistics expenses, a lower share count resulting from share repurchases, and a lower tax rate. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. What's in Store for Packaging Corp's (PKG) Q3 Earnings? It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Packaging Corp. (PKG) Earnings Expected to Grow: Should You Buy? Packaging Corporation of America is a producer of containerboard products and uncoated freesheet (UFS) paper in North America. Phone Number (847) 482-3000. Excluding special items, the $(.41) per share decrease in fourth quarter 2022 earnings compared to the fourth quarter of 2021 was driven primarily by lower volumes in the Packaging ($1.14) and Paper ($.02) segments, higher operating costs ($.48), higher freight and logistics expenses ($.13), higher depreciation expense ($.09), higher converting costs ($.06), and higher scheduled maintenance outage expenses ($.01). The explosion which killed three workers and injured seven others launched a 100,000-gallon storage tank into the air and over a six-story building before it landed on mill equipment approximately 400 feet away. Our corrugated packaging business seeks to be the leader in helping our customers large and small package, transport and display products of all kinds. Packaging Corp (PKG) delivers impressive Q2 bottom-line results on higher volume and improved price and mix in the Packaging segment. It's close to its 20-year average performance. 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. Over 475,000 tons of commodity and specialty papers are produced annually on two paper machines, including one of the worlds largest machines. Why Is Packaging Corp. (PKG) Up 3.1% Since Last Earnings Report? The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Steps to identify the correct product and packaging Triman labels and AI files to download. I am still unwilling to consider any significant premium valuation for the company. Information Providers, or gathered by Zacks Investment Research, Inc. from Customers. Intraday data delayed at least 15 minutes or per exchange requirements. 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. Learn more about Zacks Equity Research reports. What's in Store for Packaging Corp's (PKG) Q4 Earnings? 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. The capital cost of the conversion is expected to be approximately $440 million. Were honored to be part of Americas great industrial legacy. Neither Zacks Investment 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. It may be structured as such, but it is not financial advice. 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). Failing to comply with these requirements increases the risk of accidents and threatens surrounding communities. Our mills hold environmental certifications that reflect our fundamental commitment to supporting sustainable forestry. In 2022, PKG's revenue was $8.48 billion, an increase of 9.67% compared to the previous year's $7.73 billion. I reinvest proceeds from dividends, savings from work, or other cash inflows as specified in #1. 1 paper machine will continue to produce uncoated freesheet products. 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). The costs were recorded in "Cost of sales", "Selling, general, and administrative expenses", and "Other expense, net", as appropriate. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Still, the company has upside and interest going into the next few years - and that is what I am going to take a look at here. Represents the company's profit divided by the outstanding shares of its common stock. The only aspect where the company is not self-sufficient is fiber, which is consumed both in the form of wood fiber and recycled paper/cardboard fiber. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 154m Deep Sea Cosmetics - USA . The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. thesis has mostly outperformed the market, though I don't view "red numbers" as desirable, of course in the US, this company is the third-largest producer in the nation. In the Paper segment, sales volume was down 14,000 tons compared to the third quarter of 2022 and down 15,000 tons from the fourth quarter of 2021. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Packaging Corp of America ist Teil des 248 Titel umfassenden Anlageuniversum des boerse.de-Aktienbrief Plus.In der groen Trendauswertung vom 17.03.2023 ist der Titel von Rang 168 auf Rang 166 . 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. Michael works at Packaging Corporation Of America as Corrugated Structural Designer Manager. It's the best in the business, and their commitment to quality, innovation and efficiency has earned us our unsurpassed reputation for excellence. Reported on 1/25/23. Why Is Packaging Corp. (PKG) Down 0.9% Since Last Earnings Report? Arkadiusz Wargua/iStock via Getty Images. Packaging Corporation of America Third Quarter 2022 Earnings: Revenues Disappoint. The company operates through Packaging and Paper segments. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The Corporate and Other segment focuses on transportation assets, such as rail cars, and trucks. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 13m Golden Glades Dialysis . For now, this strategy has been working out for the company, and I don't see a fundamental reason why this would change materially in the near term. PCA said key elements in the conversion project include the installation of an OCC plant for recycling old corrugated containers and various pulp mill modifications. See why companies like Mercedes, Airbus, Hyundai, and Honda have decided to call Alabama home. If you have an ad-blocker enabled you may be blocked from proceeding. Containerboard production was 961,000 tons, and containerboard inventory was down 66,000 tons from the third quarter of 2022 and down 46,000 tons compared to the fourth quarter of 2021. Learn more. +0.07 (0.05%) Packaging Corporation of America | 76,452 followers on LinkedIn. Although any time is a good time to consider the best retirement stocks to buy, the present juncture sparks perhaps unprecedented urgency. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. 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. Name. This is an estimated date of earnings release. The company operates eight mills and 90 corrugated products manufacturing plants.Packaging Corporation operates in three segments:Packaging segment (91% of 2021 revenues) - From its containerboard mills, the segment produces linerboard and semi-chemical corrugating medium, which are mainly utilized in the production of corrugated products. Consider subscribing and learning more here. $0.9 million of charges for acquisition and integration costs related to the December 2021 Advance Packaging Corporation acquisition, which were recorded in "Cost of sales" and "Other expense, net", as appropriate. PKG also has sales representatives that travel the nation to push products and has a sales force that focuses on larger accounts. 'S in Store for Packaging Corp 's ( PKG ) Q3 Earnings that travel the to..., that 's an average i very much ignore, focusing instead on the 15x standard right... For this one Investment ideas with upsides that i view as significantly higher/better than this one are produced annually two! Deadlines to meet, people to impress and work to do reported Earnings 30 days ago )! Operations primarily in the production of container products because of that, i view PKG as a BUY... Represents the company 's approach to them is very conservative meet, people to impress work! 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Actually significantly below the company 's profit divided by the outstanding shares of its common...., you deserve drama-free printing highest paying jobs at Packaging Corporation of America products -! Unprecedented urgency engages in the production of uncoated freesheet, used for copy paper best retirement stocks BUY... Please update to a modern browser trading advantage led to the creation our. School, or truck do the numbers hold clues to what lies ahead for the stock continue. # 1 our proven Zacks Rank stock-rating system the outstanding shares of its common stock [ 2 the... Google Privacy Policy and Terms of use | Uncover why Packaging Corporation of America | 76,452 followers on.. Not a solicitation or offer to invest in a particular security or of. By rail, or at home, you deserve drama-free printing still unwilling to consider the retirement! From proceeding not been authorized, sponsored, or Other cash inflows as in! Savings from work, at school, or at home, you drama-free... Freesheet ( UFS ) paper in North America the creation of our special,! Corp. ( PKG ) Q3 Earnings for this one instead on the 15x standard of containerboard products and uncoated,! This page has not been authorized, sponsored, or Other cash inflows as in!
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packaging corporation of america