Last $82.86 USD
Change Today +0.15 / 0.18%
Volume 792.3K
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

packaging corp of america (PKG) Key Developments

Packaging Corporation of America Declares First Quarterly Dividend Payable on April 15, 2015

Packaging Corporation of America announced that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $2.20 per share from $1.60 per share, a 38% increase. The first quarterly dividend of $0.55 per share will be paid on April 15, 2015 to shareholders of record as of March 13, 2015.

Packaging Corporation Seeks Acquisitions

Tom Hassfurther, Executive Vice President of Packaging Corporation of America (NYSE:PKG), states, “we'll be looking, obviously, to continue to grow our business organically, and we'll take advantage of the acquisitions that present themselves when they come along.”

Packaging Corporation of America Reports Un-Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Earnings Results for the Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Capital Expenditure Guidance for the Year 2015

Packaging Corporation of America reported un-audited consolidated earnings and operating results for the fourth quarter and earnings results for the full year ended December 31, 2014. For the quarter, net income excluding special items was $114.4 million or $1.16 per diluted share compared to $102.3 million or $1.05 per diluted share a year ago. Net income was $98.5 million or $1.00 per diluted share compared to $228.1 million or $2.34 per diluted share a year ago. Net sales were $1.43 billion, up 13% from $1.26 billion reported for the same period last year. Income from operations was $173.2 million compared to $122.9 million a year ago. Income before taxes was $150 million compared to $95 million a year ago. Capital spending was $165.4 million compared to $104 million a year ago. EBITDA was $265.4 million compared to $194.9 million a year ago. EBITDA excluding special items was $283.3 million compared to $249.6 million a year ago. Cash from operations in the fourth quarter was $179 million. For the full year, the company reported net sales of $5.85 billion compared to $3.67 billion a year ago. Income from operations was $702.7 million compared to $481.9 million a year ago. Income before taxes was $614.3 million compared to $423.6 million a year ago. Net income was $392.6 million or $3.99 per diluted share compared to $441.3 million or $4.52 per diluted share a year ago. Capital spending was $420.2 million compared to $234.4 million a year ago. Net income excluding special items was $458.6 million or $4.66 per diluted share compared to $325.2 million or $3.33 per diluted share a year ago. EBITDA was $1,093.7 million compared to $683.7 million a year ago. EBITDA excluding special items was $1,143.6 million compared to $750.7 million a year ago. Cash from operations in the fourth quarter was $736 million. Containerboard production in the fourth quarter was 927,000 tons, up 69,000 tons over the third quarter of 2014. The higher production was primarily from the DeRidder No. 3 machine, which produced 58,000 tons during the quarter after starting up on October 17. The company provided earnings guidance for the first quarter of 2015. The company currently expects first quarter earnings of $1.07 to $1.10 per share. For the year 2015, the company expects total capital expenditures to be between $275 million to $300 million. The combined federal and state effective and cash tax rate is expected to average about 35.5%. Interest expense in 2015 would be about $90 million.

Packaging Corporation of America to Report Q4, 2014 Results on Jan 26, 2015

Packaging Corporation of America announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 26, 2015

Packaging Corporation of America, Q4 2014 Earnings Call, Jan 27, 2015

Packaging Corporation of America, Q4 2014 Earnings Call, Jan 27, 2015

 

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PKG

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Valuation PKG Industry Range
Price/Earnings 20.7x
Price/Sales 1.4x
Price/Book 5.2x
Price/Cash Flow 20.7x
TEV/Sales 1.0x
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