PKG
Packaging Corporation of America203.66
-0.82-0.4%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
18.33BP/E (TTM)
20.57Basic EPS (TTM)
9.90Dividend Yield
0.02%Recent Filings
8-K
Reaffirms 4Q EPS at $2.40
PCA reaffirmed 4Q25 EPS forecast of $2.40 excluding special items, as legacy corrugated shipments dipped 1.8% per day through November yet surged 17.3% including Greif acquisition. Greif outperforms expectations; Wallula reconfiguration promises $75-85M annual savings via capacity shifts. Integration advances smoothly. Special items loom from acquisition and reconfiguration.
8-K
Wallula mill reconfiguration
Packaging Corporation of America approved shutting down its No. 2 paper machine and kraft pulping at the Wallula mill on December 3, 2025, cutting 250,000 tons of annual capacity by Q1 2026 end while keeping No. 3 running. This triggers $205 million pre-tax charges—$165 million non-cash, $40 million cash—and 200 job cuts, but slashes costs by $125 per ton via better utilization. Capacity shifts to other mills. High wood and power costs demanded it.
10-Q
Q3 FY2025 results
Packaging Corporation of America posted Q3 net sales of $2.3B, up 6% y/y, with Packaging (92% of revenue) lifting to $2.1B on higher prices and mix despite softer legacy volumes; operating income held steady at $325M while gross profit edged down to 21.8%. YTD sales climbed 6.2% y/y to $6.6B, driving net income to $672M ($7.45 diluted EPS) versus $584M ($6.48) last year—EPS reconciles to 89.7M diluted shares. Closed Greif containerboard acquisition Sep 2 for $1.8B cash, recognizing $277M goodwill and $530M finite-lived intangibles (customer relationships over 15 years, trademarks over 10); funded via $1.5B debt raise, lifting total debt to $4.0B (4.39% rate) against $634M cash and $573M revolver availability. Operating cash flow hit $1.1B YTD. Antitrust suits shadow containerboard pricing power.
8-K
Q3 EPS $2.51; Greif drags
Packaging Corporation of America posted Q3 net income of $226.9M ($2.51/share), down from $238.1M ($2.64/share) last year, but excluding special items hit $2.73/share, up $0.08 on higher Packaging prices/mix and lower fiber costs—yet Greif acquisition closed September 2 dragged by $0.11/share from outages and debt. Legacy shipments dipped 2.7% per day; total up 3.7% including Greif. Q4 guidance: $2.40/share excluding specials.
8-K
PCA closes $1.8B Greif acquisition
Packaging Corporation of America closed its $1.8 billion cash acquisition of Greif's containerboard business on August 31, 2025, adding two mills with 800,000 tons capacity and eight US plants. Funded by $300 million cash plus $1.5 billion new term loans and senior notes, with full term loan drawdown on September 2. Deal boosts PCA's production footprint instantly.
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