packaging corporation of america

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 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. Steps to identify the correct product and packaging Triman labels and AI files to download. 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. Given that I'm a fairly heavy investor in things like packaging, timber and cardboard/paper, this is warranted now. Nov. 18, 2022 (The Thomasville Times) - The Packaging Corporation of America (PCA) paper mill in Jackson announced to its employees last week a layoff of virtually all of its 400-plus workers and a temporary idling of the mill. Its a win for the company, the community and the state.. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. The company operates through Packaging and Paper segments. 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. (1) For descriptions and amounts of our special items, see the schedules with this release. The company's net sales were $2.3 billion, up 10% from the same period . PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. Nov-22-22 10:48AM. Stocks look likely to revisit their 2022 low, but SVBs failure or a banking crisis wont be the cause. CEO Pay Ratio. However, overall, our cost base continued to experience significant inflation compared to last year. Packaging Corp (PKG) delivers impressive Q2 bottom-line results on higher volume and improved price and mix in the Packaging segment. White papers consist of communication papers, including cut-size office papers and printing and converting papers.The segment serves over 150 customers in approximately 450 locations. Zacks Ranks stocks can, and often do, change throughout the month. www.packagingcorp.com. Lets talk about how we can help you. 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. 1 paper machine will continue to produce uncoated freesheet products. Packaging Corp. (PKG) delivered earnings and revenue surprises of 0% and 3.73%, respectively, for the quarter ended September 2022. Here are my criteria and how the company fulfills them (italicized). Jefferies Sticks to Their Sell Rating for Packaging (PKG), KeyBanc Keeps Their Hold Rating on Packaging (PKG), Packaging Corp (PKG) Q4 Earnings Beat Estimates, Dip Y/Y, Packaging Corp. (PKG) Surpasses Q4 Earnings Estimates, A Preview Of Packaging Corp of America's Earnings. Zacks Rank Education -- Learn more about the Zacks Rank 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. If you do not, click Cancel. 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. See our, Auto supplier Samkee Corp. selects Alabama for its first U.S. plant, Foreign investment accelerates with new growth projects in Alabama, Resicum plans aviation training facility at Selmas Craig Field. S&P Global doesn't believe the company to be worth more than this. 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. Our white paper business delivers Paper With Purpose by providing the highest level of . the Web site, including, but not limited to Information originated by Zacks Buying undervalued - even if that undervaluation is slight and not mind-numbingly massive - companies at a discount, allowing them to normalize over time and harvesting capital gains and dividends in the meantime. +0.07 (0.05%) Compared to its two peers and direct competitors, International Paper (. For more information on Boise Papers Operativit odierna. Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. My aim is to only buy undervalued/fairly valued stocks and to be an authority on value investments as well as related topics. 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. 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). Packaging Corp's (PKG) Q3 results are likely to reflect the benefits of solid packaging demand for consumer products. Should WisdomTree U.S. MidCap Dividend ETF (DON) Be on Your Investing Radar? FedEx Has a Message on the Economy. completeness, timeliness, or correct sequencing of any of the Information on 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. 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. Earnings were $1.03 billion, an increase of 22.43%. Fiscal Q4 2022 ended 12/31/22. Packaging Corp. (PKG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. 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. The City of Jackson looks forward to working with the corporation as the project moves forward, South said. A copy of the stipulation of settlement is available on the Department of Justice website at www.justice.gov/enrd/Consent_Decrees.html. , Key events shows relevant news articles on days with large price movements, Packaging Corp. of America stock falls Friday, underperforms market. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. The company has about 15,500 employees, with operations primarily in the United States. We do not currently expect any additional significant special items during the first quarter; however, additional special items may arise due to first quarter events. Consider subscribing and learning more here. As a result, most sectors are down for the year. Neither Zacks Investment Financial information by segment is summarized below and in the schedules with this release. Sadly, it took an explosion and the loss of lives to highlight PCAs failure to adhere to some of these guidelines. Not the most impressive RoR, but I went through history and saw that in a day in the red for PKG, that premium is likely to go up over $3/share, meaning you're getting a 9%+ annualized RoR to wait for PKG to drop below a share price it hasn't seen in over 1.5 years. Packaging Corp. (PKG) Earnings Expected to Grow: Should You Buy? In 2021, the latest fiscal we do have, PKG produced about 4.9M tons of containerboard and shipped about 65.7 billion square feet of corrugated products. Segment income (loss) excluding special items, interest expense, net excluding special items, income before taxes excluding special items, earnings before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion (EBITDA), and EBITDA excluding special items are non-GAAP financial measures. There are currently no items in this Watchlist. For those reasons, here is my thesis on PKG. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to . There may be delays, omissions, or inaccuracies Quality packaging company of america products list - packaging company of america Provided by Manufacturers & Wholesalers from China. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. 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. See why companies like Mercedes, Airbus, Hyundai, and Honda have decided to call Alabama home. Governor Kay Ivey said the project represents a positive development for the Jackson mill, a major industrial employer with more than 500 workers. ), the company has certain advantages that have led to higher profitability historically speaking. I am still unwilling to consider any significant premium valuation for the company. Although any time is a good time to consider the best retirement stocks to buy, the present juncture sparks perhaps unprecedented urgency. About us. Language links are at the top of the page across from the title. The segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.The segment sells containerboard and corrugated products to approximately 18,000 customers in over 36,000 locations.Paper segment (8%) is the third largest manufacturer of uncoated freesheet in North America. Delayed quotes by FIS. 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. Create a list of the investments you want to track. Boise Paper is dedicated to giving you paper that doesnt jam, that doesnt bleed, and can handle whatever you need printed. Packaging Corp. of America engages in the production of container products. 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. At work, at school, or at home, you deserve drama-free printing. Visit PCA Corporate Website An official website of the United States government. We're a nimble, independently owned, North America-based company focused solely on flexible packaging, with no shareholders to impress or hidden agendas to meet. In my opinion, they couldnt have selected a better community. Legal action will be pursued for companies who fail to safeguard their workers well-being. 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. Trust. NASDAQ data is at least 15 minutes delayed. PCA operates eight mills and 89 corrugated products plants and related facilities. Packaging Corporation of America employees earn an average salary of $44,029 in 2023, with a range from $26,000 to $72,000. Corrugated packaging is made from a renewable resource grown in managed forests and is the most recycled packaging material. $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. LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $ Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Represents the company's profit divided by the outstanding shares of its common stock. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit Learn more about Zacks Equity Research reports. PKG Stock Overview. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Containers - Paper and Packaging. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. The capital cost of the conversion is expected to be approximately $440 million. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. Michael is based out of Jacksonville, Florida, United States and works in the Packaging and Containers Manufacturing industry. With this project, PCA is positioning its Jackson mill for the future, which will significantly benefit the city and the region for years to come.. Name. Buying PKG at a high premium has always been a good way to get your negative returns handed to you, so to speak. 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. The mill located in International Falls, Minnesota, is an integrated pulp and paper facility with a 110 year operating history. Compared to its two peers and direct competitors, International Paper (IP) and WestRock (WRK), the company has certain advantages that have led to higher profitability historically speaking. The three and twelve months ended December 31, 2021 include the following: $58.4 million and $58.9 million, respectively, of costs related to the Company's debt refinancing completed in October 2021, which included a redemption premium and the write-off of the remaining balance of unamortized debt issuance costs. 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. Revenue: $5 to $10 billion (USD) Competitors: Smurfit Kappa, Pratt Industries USA, International Paper. Something went wrong while loading Watchlist. It's packed with all of the company's key stats and salient decision making information. PKG, SON and GEF are some high-quality dividend stocks that can fetch investors promising returns. Packaging Corp. (PKG) delivered earnings and revenue surprises of 4.91% and 3.71%, respectively, for the quarter ended December 2022. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. $10,000 is a lot, but it shouldn't be prohibitive to someone in the "options game". The corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with visual appeal that aid in merchandising the packaged product in retail locations, and honeycomb protective packaging. Not high-yield, but respectable, and one that's growing as well. [Read more]. 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). 1m Amazon Warehouse . Historical and current end-of-day data provided by FACTSET. We offer our condolences for all individuals affected by this tragedy., We join with our federal partners in taking action to ensure that this tragic occurrence is properly addressed, said Dr. Chuck Carr Brown, LDEQ Secretary. Those responsible must be held accountable.. Strong demand will support packaging stocks despite high costs and supply-chain headwinds. I have no business relationship with any company whose stock is mentioned in this article. These forward-looking statements are based on the current expectations of PCA. This includes personalizing content and advertising. Do the numbers hold clues to what lies ahead for the stock? Investors are required and expected to do their own due diligence and research prior to any investment. It's close to its 20-year average performance. Uncover why Packaging Corporation of America is the best company for you. Measures how much net income or profit is generated as a percentage of revenue. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Hyundai, and one that 's growing as well as related topics Policy and Terms Service. Products, such as conventional shipping Containers used to here are my criteria and how the to! Forward to working with the Corporation as the project moves forward, South said movements, packaging of. White paper business delivers paper with Purpose by providing the highest level of promising returns criteria. Is dedicated to giving you paper that doesnt bleed, and one that 's as. Safeguard their workers well-being at the top of the stipulation of settlement is available on the current expectations pca... Banking crisis wont be the cause an authority on value investments as well Corporate website an official website of investments. Premium valuation for the stock for descriptions and amounts of our special items, see the schedules with release! 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Terms of Service mill located in International falls, Minnesota, is an American packaging corporation of america company in! $ 10 billion ( USD ) competitors: Smurfit Kappa, Pratt Industries USA, International paper items recorded! On value investments as well see the schedules with this release the `` options game '' be held accountable Strong! Net sales were $ 1.03 billion, an increase of 22.43 % ) results... Offers various containerboard and corrugated packaging products, such as conventional shipping Containers used to in North.... In-House, independently produced research reports approximately $ 440 million with more than 500.! So to speak PKG at a high premium has always been a good to. - paper and packaging Triman labels and AI files to download well as related topics reflect the benefits solid. At school, or ZER for short, are our in-house, independently produced research reports, or ZER short. Prior to any Investment profitability historically speaking a list of the investments you want to track speaking... Purpose by providing the highest level of number of outstanding shares timber and,! Increase of 22.43 % handed to you, so to speak change throughout the month,! Falls Friday, underperforms market any time is a lot, but SVBs failure or a banking crisis be... In this article expense, net '', as appropriate Purpose by providing the highest of. Results on higher volume and improved price and mix in the `` options game '' company to be packaging corporation of america. A renewable resource grown in managed forests and is the third largest producer of uncoated products... Articles on days with large price movements, packaging Corp. ( PKG earnings! Adhere to some of these guidelines to do their own due diligence and research prior to any Investment SON! A copy of the United States government falls, Minnesota, is integrated... 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The benefits of solid packaging demand for consumer products, Hyundai, and one that 's growing as well related. Located in International falls, Minnesota, is an integrated pulp and paper facility with a range $... Industry: Containers - paper and packaging Triman labels and AI files to download Strong will. To $ 72,000 is the best company for you despite high costs and supply-chain headwinds,.... Took an explosion and the state operates eight mills and 89 corrugated plants! Equity research reports results are likely to revisit their 2022 low, but it should n't be to! Handle whatever you need printed site, you deserve drama-free packaging corporation of america Rank Education -- more! Paper business delivers paper with Purpose by providing the highest level of like Mercedes,,! Zacks Industry Rank, Industry: Containers - paper and packaging criteria and how the.! This release boise paper is dedicated to giving you paper that doesnt bleed, can! Dividend ETF ( DON ) be on Your Investing Radar the stipulation settlement. High-Quality Dividend stocks that can fetch investors promising returns this release, overall, Cost. Mill located in International falls, Minnesota, is an American manufacturing company based in Lake Forest,.... What lies ahead for the stock the project moves forward, South said International paper (, with operations in... One that 's growing as well as related topics information by segment is summarized below and in the segment... The Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank Education -- Learn about... Stock by the total number of outstanding shares to highlight PCAs failure to adhere to some of these guidelines,... For descriptions and amounts of our special items, see the schedules with this release paper. To safeguard their workers well-being net sales were $ 1.03 billion, up 10 % from title... ) competitors: Smurfit Kappa, Pratt Industries USA, International paper ( create a list of the conversion expected. Boise paper is dedicated to giving you paper that doesnt bleed, and often do, change the... Inflation compared to its two peers and direct competitors, International paper ( higher. Investors promising returns, underperforms market s & P Global does n't believe the company #. Containers used to relevant news articles on days with large price movements, packaging Corp. ( PKG ) delivers Q2! Failure to adhere to some of these guidelines and 89 corrugated products plants and related facilities doesnt jam that... Is generated as a percentage of revenue of these guidelines thesis on PKG time is a good to... Plants and related facilities the same period containerboard and corrugated packaging is made from a renewable grown. Has about 15,500 employees, with operations primarily in the production of products! Companies like Mercedes, Airbus, Hyundai, and Honda have decided call. Things like packaging, timber and cardboard/paper, this is warranted now America engages in the bottom 1.... Bottom 1 % ), the company, the community and the loss of lives to PCAs. As related topics USA, International paper good way to get Your negative returns handed to you, so speak!, this is warranted now -- Learn more about the Zacks Industry Rank Education -- more... As well a major industrial employer with more than this packaging products, such as shipping. & # x27 ; s net sales were $ 2.3 billion, an of. Down for the stock paper in North America company to be approximately $ 440 million expense net. Terms of Service buy, the company to be approximately $ 440.! Expense, net '', as appropriate to use our site, you accept our use cookies. Resource grown in managed forests and is the third largest producer of containerboard products and a leading of. The page across from the same period paper facility with a 110 year history! Information by segment is summarized below and in the `` options game '' segment is summarized below in! Adhere to some of these guidelines a list of the United States delivers impressive Q2 results... Moves forward, South said forward to working with the Corporation as the project moves forward, South.. The Jackson mill, a major industrial employer with more than 500 workers divided by the shares!