PKG Stock Recent News

Packaging Corporation of America NYSE: PKG had a solid quarter but gave tepid guidance, sending the shares down by 4%. The move is ugly at face value, but, as they say, it's in the eye of the beholder.

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 Packaging Corporation of America's First Quarter 2024 Earnings Results Conference Call. Your host today will be Mark Kowlzan, Chairman, Chief Executive Officer of PCA.

Packaging Corp's (PKG) Q1 top line reflects higher volume in both segments, offset by lower price and mix.

While the top- and bottom-line numbers for Packaging Corp. (PKG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Packaging Corp. (PKG) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $2.20 per share a year ago.

Packaging Corp's (PKG) first-quarter 2023 results are likely to reflect the impacts of lower volume in both segments on weak demand.

Beyond analysts' top -and-bottom-line estimates for Packaging Corp. (PKG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Packaging Corp. (PKG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Investors interested in Containers - Paper and Packaging stocks are likely familiar with Greif (GEF) and Packaging Corp. (PKG). But which of these two stocks presents investors with the better value opportunity right now?

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, April 23, 2024 at 9:00 a.m. Eastern Time to discuss first quarter 2024 results. The conference call leader will be Mark Kowlzan. First quarter earnings results will be released after the market closes on Monday, April 22, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184911/fb33520f25. Once you have.