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Last $69.02 USD
Change Today +1.00 / 1.47%
Volume 1.7M
PKG On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

packaging corp of america (PKG) Key Developments

Packaging Corporation of America Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Packaging Corporation of America reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $91 million, or $0.92 per basic and diluted share compared to last year's first quarter net income of $90 million or $0.92 per basic and diluted share. Excluding special items, net income was $100 million or $1.01 per basic and diluted share, compared to first quarter 2014 net income of $106 million, or $1.08 per basic and diluted share. Net sales were $1,425.7 million against $1,431.3 million a year ago. Income from operations was $157.1 million against $160.9 million a year ago. Income before taxes was $137.9 million against $140.1 million a year ago. EBITDA was $250.5 million against $244.3 million a year ago. EBITDA excluding special items were $255.3 million against $270.0 million a year ago. Income from operations, excluding special items was $170.9 million against $186.6 million a year ago. The company generated cash from operations of $109 million and CapEx was $56 million. The company currently expects second quarter of 2015 earnings of $1.03 per share.

Packaging Corporation of America, Q1 2015 Earnings Call, Apr 21, 2015

Packaging Corporation of America, Q1 2015 Earnings Call, Apr 21, 2015

Packaging Corporation of America to Report Q1, 2015 Results on Apr 20, 2015

Packaging Corporation of America announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 20, 2015

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.”

 

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Industry Analysis

PKG

Industry Average

Valuation PKG Industry Range
Price/Earnings 17.1x
Price/Sales 1.1x
Price/Book 4.3x
Price/Cash Flow 17.0x
TEV/Sales 0.7x
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