Paper prices should move slightly higher with sales volume fairly flat. Visit PCA Corporate Website NASDAQ data is at least 15 minutes delayed. It produces basic materials and products that are needed - no matter what sector you're in. The department will continue enforcing environmental mandates to save lives and protect air quality especially against companies with a history of misconduct, like PCA., The Clean Air Act was created to provide guidelines for companies such as PCA to adhere to in order to keep our communities safe from hazardous substances, said U.S. Attorney Brandon Brown for the Western District of Louisiana. 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. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. 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. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. Stock Symbol. The scores are based on the trading styles of Value, Growth, and Momentum. 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. About us. Short-term trading, options trading/investment, and futures trading are potentially extremely risky investment styles. Its how weve become Americas best-selling paper brand. Language links are at the top of the page across from the title. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. For those reasons, here is my thesis on PKG. $3.7 million and $3.6 million, respectively, of income primarily consisting of an adjustment of the required asset retirement obligation related to the 2020 closure of the San Lorenzo, California facility, a gain on sale of transportation assets and corrugated products facilities, and insurance proceeds received for a natural disaster at one of the corrugated products facilities, partially offset by closure costs related to corrugated products facilities. Packaging Corporation of America's (NYSE:PKG) Intrinsic Value Is Potentially 98% Above Its Share Price. Full year net sales were $8.5 billion in 2022 and $7.7 billion in 2021. Packaging Corporation of America (PCA) is a company that manufactures and sells containerboard and corrugated packaging products. The Minnesota mill sits on the south banks of the Rainy River, and locals enjoy the rewards of living in an environment that is clean, safe and filled with breathtaking natural scenery and year-round recreational opportunities. 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. 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. PCA issued this brief statement through the Jackson mill: "Due to economic conditions and lower demand for our . Revenue. Arkadiusz Wargua/iStock via Getty Images. 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. 5320 W Buckeye Rd, Phoenix, Maricopa, AZ, 85043-4722 602-269-5000 psisw.com 20 ~ 49 . The costs were recorded in "Cost of sales", "Selling, general, and administrative expenses", and "Other expense, net", as appropriate. The company also has a paper segment that works under the "Boise Paper" brand name, which is a division that still sells legacy white paper at two mills currently remaining. Can Packaging Corp. (PKG) Keep the Earnings Surprise Streak Alive. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. 1955. Risk Factors in PCAs Annual Report on Form 10-K for the year ended December 31, 2021, and in subsequent quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission and available at the SECs website at "www.sec.gov. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. How much does Packaging Corporation of America in the United States pay? The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. Headquarters. Weve been making high-quality, dependable paper for over a century. The 12-month stock price forecast is $136.12, which is an increase of 6.91% from the latest price. Packaging Corporation of America Third Quarter 2022 Earnings: Revenues Disappoint. 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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. In 2009, the company opened a new design center and project-management facility in Hong Kong . Phone Number (847) 482-3000. * indicates the important links in the menu, After-Market: PCA operates eight mills and 89 corrugated products plants and related facilities. Wall Street Hates It. Our mills hold environmental certifications that reflect our fundamental commitment to supporting sustainable forestry. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. 172m Zors food . [Read more]. in the Information. Segment income (loss) excluding special items. 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. Compared to its two peers and direct competitors, International Paper (. The monthly returns are then compounded to arrive at the annual return. To that end, PKG does have a good upside, if not the best one we've ever seen. the Web site, including, but not limited to Information originated by Zacks Corporate and Other segment includes corporate support staff services, and related assets and liabilities. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. 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 Acts General Duty Clause and Risk Management Program Regulations at its containerboard production mill in DeRidder, Louisiana. 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. After a temporary switch to produce linerboard, PCA is now making preparations to convert the mills paper machine into a 700,000-ton-per-year high-performance, virgin kraft linerboard machine in a phased approach over the next 36 months. 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. Disclosure: I/we have a beneficial long position in the shares of PKG,IP either through stock ownership, options, or other derivatives. All quotes are in local exchange time. Learn more about Zacks Equity Research reports. The author's intent is never to give personalized financial advice, and publications are to be viewed as research and company interest pieces.The author owns the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in the articles. The Company's segments include Packaging, Paper, and Corporate and Other. To learn more, click here. We present these measures because they provide a means to evaluate the performance of our segments and our company on an ongoing basis using the same measures that are used by our management, because these measures assist in providing a meaningful comparison between periods presented and because these measures are frequently used by investors and other interested parties in the evaluation of companies and the performance of their segments. The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. If it is related to Intel NUC, download the NUC Zip file. 1. MONTGOMERY, Alabama Governor Kay Ivey announced today that Samkee Corp., a major South Korean automotive supplier, plans to invest $128 million With new growth projects under way in key industries such as automotive and aviation, foreign direct investment continues to act as a SELMA, Alabama Governor Kay Ivey announced today that Resicum International LLC, which provides flight training and maintenance support to government, commercial Alabama may be small in size, but its ability to accommodate businesses seeking success is vast. ", Packaging Corporation of Americas 4th Quarter and Full Year 2022 Earnings Conference Call, Conference ID: Packaging Corporation of America, Thursday, January 26, 2023 at 9:00am Eastern Time, https://dpregister.com/sreg/10173946/f560a6fe2e, (866) 777-2509 (U.S.), (866) 605-3852 (Canada) or (412) 317-5413 (International), January 26, 2023 through February 9, 2023, (877) 344-7529 (U.S.), (855) 669-9658 (Canada) or (412) 317-0088 (International), (dollars in millions, except per-share data), Selling, general, and administrative expenses. The proposed stipulation of settlement is subject to a 45-day public comment period and court review and approval. I've looked at PKG a number of times in the past, and my latest stance at least outperformed the overall market - if still negative. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Cookie Notice (). Is this happening to you frequently? in the Information. For its 2021 fiscal year, PACKAGING CORP OF AMERICA, listed the following board members on its annual proxy statement to the SEC. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. PKG remains a volatile business in terms of its share price, and not one that I believe should be bought at a premium at any point. If it is related to Intel Boxed CPU, download the BCPU Zip file. Corrugated packaging is made from a renewable resource grown in managed forests and is the most recycled packaging material. This is an estimated date of earnings release. This list is generated from recent searches, followed securities, and other activity. This is a testament to the company's operational efficiencies, savings, and cost discipline as well as taking advantage of a very interesting market. Packaging Corporation of America | 76,452 followers on LinkedIn. Have Watchlists? ZacksTrade and Zacks.com are separate companies. Name. The non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such. The CEO is Mark W. Kowlzan. +0.07 (0.05%) The quarte Packaging Corp's (PKG) fourth-quarter results bear the blunts of lower volumes in the Packaging and Paper segments. 154m Deep Sea Cosmetics - USA . Get Packaging Suppliers Of America information like Emails, Groupe Bpce email format, Phone Number, Competitors | Get Packaging Suppliers Of America.com information like Emails, Groupe Bpce email format, Phone Number, Competitors Additional disclosure: While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. ), the company has certain advantages that have led to higher profitability historically speaking. It's been some time since I reviewed Packaging Corporation of America. Michael is based out of Jacksonville, Florida, United States and works in the Packaging and Containers Manufacturing industry. Business Wire. That's a few dollars above my last target, which I believe to be a good one for the next few years. The costs were recorded in "Cost of sales" and "Other expense, net", as appropriate. Visit a quote page and your recently viewed tickers will be displayed here. How good is it? Create a list of the investments you want to track. The corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect 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. Lake Forest, Illinois-based PCA announced that it discontinued the production of uncoated freesheet, used for copy paper and other applications, on its No. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock, A score provided by CDP (formerly the Carbon Disclosure Project) that rates a company on its climate transparency and performance. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest. 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. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. See why companies like Mercedes, Airbus, Hyundai, and Honda have decided to call Alabama home. 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. 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. 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. $78,062. Taking a replacement value calculation to the company confirms the same thing. 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. What's in Store for Packaging Corp's (PKG) Q4 Earnings? As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. 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. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. FedEx Has a Message on the Economy. In addition, modifications and upgrades will be made to critical sections of the paper machine. Consider subscribing and learning more here. Packaging Corporation of America (PKG) Quote Overview, Packaging Corporation of America (PKG) Full Company Report. Revenue: $5 to $10 billion (USD) Competitors: Smurfit Kappa, Pratt Industries USA, International Paper. completeness, timeliness, or correct sequencing of any of the Information on It may be structured as such, but it is not financial advice. 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. Visit Performance Disclosure for information about the performance numbers displayed above. Research, Inc. nor its Information Providers can guarantee the accuracy, Find out what works well at Packaging Corporation of America from the people who know best. This browser is no longer supported at MarketWatch. PCA operates eight mills and 90 corrugated products plants and related facilities. 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. $10,000 is a lot, but it shouldn't be prohibitive to someone in the "options game". Were committed to your success. This company took the concept of preparation for trouble to heart and did the equivalent of building a doomsday bunker around its finances, with that debt situation and liquidity of $1.1B - almost 10% of its current market cap. Fourth quarter net sales were $1.98 billion in 2022 and $2.04 billion in 2021. Share sensitive information only on official, secure websites. 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