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Last $77.79 USD
Change Today +0.45 / 0.58%
Volume 665.1K
PKG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

packaging corp of america (PKG) Snapshot

Open
$76.99
Previous Close
$77.34
Day High
$77.88
Day Low
$76.76
52 Week High
02/23/15 - $84.88
52 Week Low
10/15/14 - $57.06
Market Cap
7.6B
Average Volume 10 Days
770.9K
EPS TTM
$4.69
Shares Outstanding
98.3M
EX-Date
03/11/15
P/E TM
16.6x
Dividend
$2.20
Dividend Yield
2.25%
Current Stock Chart for PACKAGING CORP OF AMERICA (PKG)

packaging corp of america (PKG) Related Businessweek News

No Related Businessweek News Found

packaging corp of america (PKG) Details

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States, Europe, Mexico, and Canada. The company’s Packaging segment offers various 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. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. Its Paper segment provides white papers comprising commodity and specialty papers with various features, such as colors, coatings, high brightness, and recycled content. The white papers consist of communication papers, including cut-size office papers, and printing and converting papers; and pressure sensitive papers, such as release liners that are used to produce labels for use in consumer and commercially-packaged products. This segment also produces market pulp. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

14,000 Employees
Last Reported Date: 02/27/15
Founded in 1867

packaging corp of america (PKG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $566.5K
Executive Vice President of Corrugated Produc...
Total Annual Compensation: $804.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $412.0K
Senior Vice President of Containerboard Mill ...
Total Annual Compensation: $412.0K
Compensation as of Fiscal Year 2014.

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.

 

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Industry Analysis

PKG

Industry Average

Valuation PKG Industry Range
Price/Earnings 19.5x
Price/Sales 1.3x
Price/Book 5.0x
Price/Cash Flow 19.5x
TEV/Sales 0.9x
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