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PCA(PKG) - 2024 Q2 - Quarterly Results
2024-07-24 06:01
Exhibit 99.1 PACKAGING CORPORATION OF AMERICA REPORTS SECOND QUARTER 2024 RESULTS Lake Forest, IL, July 23, 2024 – Packaging Corporation of America (NYSE: PKG) today reported second quarter 2024 net income of $199 million, or $2.21 per share, and net income of $199 million, or $2.20 per share, excluding special items. Second quarter net sales were $2.1 billion in 2024 and $2.0 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended June 30 ...
Why Packaging Corp. (PKG) Could Beat Earnings Estimates Again
ZACKS· 2024-07-20 01:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Packaging Corp. (PKG) , which belongs to the Zacks Containers - Paper and Packaging industry, could be a great candidate to consider.This maker of containerboard and corrugated packaging products has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the p ...
What's in Store for Packaging Corp (PKG) in Q2 Earnings?
ZACKS· 2024-07-16 23:40
Packaging Corporation (PKG) is set to release second-quarter 2024 results on Jul 23, after the closing bell. The Zacks Consensus Estimate for PKG’s second-quarter revenues is pegged at $2.01 billion, indicating 3.1% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at $2.11 per share. Of the five analysts providing estimates for the second quarter, one has raised the estimate, whereas others have kept estimates unchanged over the past 60 days. Overall, the Zacks Consensu ...
Packaging Corp. (PKG) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2024-07-16 23:07
Wall Street expects a year-over-year decline in earnings on higher revenues when Packaging Corp. (PKG) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expec ...
Packaging Corp (PKG) Gains 49% in a Year: What's Aiding It?
ZACKS· 2024-06-25 23:55
Packaging Corporation of America’s (PKG) shares have gained 49.3% over the past year. The company has outperformed its industry’s growth of 14.5% and the S&P 500’s 28.5% rise over the same period. Image Source: Zacks Investment Research Let us take a look into the factors behind this Zacks Rank #2 (Buy) company’s price appreciation. Solid E-Commerce Demand: Packaging Corp has been benefitting from strong growth in e-commerce activities that continue to support packaging demand. The Packaging segment account ...
Packaging Corporation of America (PKG) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-06-25 22:15
Have you been paying attention to shares of Packaging Corp. (PKG) ? Shares have been on the move with the stock up 3.3% over the past month. The stock hit a new 52-week high of $191.39 in the previous session. Packaging Corp. has gained 16.5% since the start of the year compared to the 4.8% move for the Zacks Industrial Products sector and the 7.1% return for the Zacks Containers - Paper and Packaging industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, a ...
ParcelPal Provides Update on Status of MCTO
newsfilecorp.com· 2024-05-30 04:24
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), is providing an update on the status of a management cease trade order (the "MCTO") application that was announced on April 16, 2024 (the "Announcement") with its principal regulator, the British Columbia Securities Commission, who issued the MCTO on May 1, 2024. The Company applied for the MCTO in order to secure additional time for the Company to f ...
PCA(PKG) - 2024 Q1 - Quarterly Report
2024-05-08 22:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-15399 (Exact Name of Registrant as Specified in its Charter) Delaware 36-4277050 (State or Other Jurisdiction of (I.R.S. Employer Identificat ...
PCA(PKG) - 2024 Q1 - Earnings Call Transcript
2024-04-24 06:33
Packaging Corporation of America (NYSE:PKG) Q1 2024 Earnings Call Transcript April 23, 2024 9:00 AM ET Company Participants Mark Kowlzan - Chairman and CEO Tom Hassfurther - EVP, Corrugated Products Bob Mundy - CFO Conference Call Participants George Staphos - Bank of America Securities Nicco Piccini - Truist Mark Weintraub - Seaport Research Partners Gabe Hajde - Wells Fargo Anthony Pettinari - Citi Philip Ng - Jefferies LLC Ryan Fox - Bloomberg Operator Good morning, everyone, and thank you for joining Pa ...
PCA(PKG) - 2024 Q1 - Quarterly Results
2024-04-23 06:05
Exhibit 99.1 PACKAGING CORPORATION OF AMERICA REPORTS FIRST QUARTER 2024 RESULTS Lake Forest, IL, April 22, 2024 – Packaging Corporation of America (NYSE: PKG) today reported first quarter 2024 net income of $147 million, or $1.63 per share, and net income of $155 million, or $1.72 per share, excluding special items. First quarter net sales were $2.0 billion in 2024 and 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended March 31, 2024 2023 Chang ...