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Last $64.88 USD
Change Today -0.62 / -0.95%
Volume 118.2K
As of 11:42 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

packaging corp of america (PKG) Snapshot

Open
$64.76
Previous Close
$65.50
Day High
$65.10
Day Low
$64.33
52 Week High
02/23/15 - $84.88
52 Week Low
10/15/14 - $57.06
Market Cap
6.3B
Average Volume 10 Days
1.2M
EPS TTM
$4.61
Shares Outstanding
97.7M
EX-Date
09/11/15
P/E TM
14.1x
Dividend
$2.20
Dividend Yield
2.93%
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
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
Senior Vice President of Sales and Marketing ...
Total Annual Compensation: $338.0K
Compensation as of Fiscal Year 2014.

packaging corp of america (PKG) Key Developments

Packaging Corporation of America Elects Duane C. Farrington to the Board

On August 27, 2015, the board of directors of Packaging Corporation of America elected Duane C. Farrington to the board to serve a term expiring at PCA’s 2016 annual meeting of stockholders. Mr. Farrington, age 57, has been employed by State Farm Mutual Automobile Insurance Company since 1980, serving as Senior Vice President from 2005 to 2013 and as Executive Vice President and Chief Administrative Officer from 2013 to the present. Mr. Farrington was determined to be an independent director and was elected to the audit committee.

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

Packaging Corporation of America announced that its Board has approved a regular quarterly dividend of $0.55 per share on its common stock. The quarterly dividend of $0.55 per share will be paid to shareholders of record as of September 15, 2015 with a payment date of October 15, 2015.

Packaging Corporation of America Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Production Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Capex Guidance for 2016

Packaging Corporation of America announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of USD 1,454.3 million against USD 1,468.4 million a year ago. Income from operations was USD 197.6 million against USD 180.2 million a year ago. Income before taxes was USD 175.4 million against USD 158.8 million a year ago. Net income was USD 114.0 million or USD 1.16 per diluted share against USD 99.6 million or USD 1.01 per diluted share a year ago. EBITDA was USD 284.4 million against USD 281.8 million a year ago. Net income excluding special items was USD 115.6 million or USD 1.18 per diluted share against USD 113.8 million or USD 1.16 per diluted share a year ago. Income from operations, excluding special items was USD 200.3 million against USD 202.9 million a year ago. EBITDA excluding special items was USD 287.1 million against USD 287.3 million a year ago. These earnings improvements were partially offset by lower white paper prices and mix changes, which reduced earnings by USD 0.10 per share; higher labor and benefit costs of USD 0.05 per share; lower export containerboard prices of USD 0.02 per share; higher annual outage cost, USD 0.03 per share; and higher wood costs of USD 0.02 per share. Cash provided by operations in the second quarter was USD 196 million after deducting USD 78 million in cash tax payments for federal and state income taxes. For the six months, the company reported net sales of USD 2,880.0 million against USD 2,899.7 million a year ago. Income from operations was USD 354.7 million against USD 341.2 million a year ago. Income before taxes was USD 313.3 million against USD 299.0 million a year ago. Net income was USD 204.8 million or USD 2.08 per diluted share against USD 189.6 million or USD 1.93 per diluted share a year ago. EBITDA was USD 534.9 million against USD 526.2 million a year ago. Net income excluding special items was USD 215.2 million or USD 2.19 per diluted share against USD 220.3 million or USD 2.24 per diluted share a year ago. Income from operations, excluding special items was USD 371.2 million against USD 389.6 million a year ago. EBITDA excluding special items was USD 542.4 million against USD 557.4 million a year ago. For the quarter, the company reported containerboard production of 937,000 tons which was an increase of 91,000 tons over last year’s second quarter including 79,000 tons from the D3 machine at DeRidder. For the third quarter of 2015, the company expects earnings of USD 1.28 per share. The third quarter tax rate is expected to be about the same as the second quarter of 2015. For 2016, the company expects capex would be in the same range, the USD 275 million to USD 300 million.

 

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Industry Analysis

PKG

Industry Average

Valuation PKG Industry Range
Price/Earnings 15.8x
Price/Sales 1.1x
Price/Book 4.0x
Price/Cash Flow 15.7x
TEV/Sales 0.7x
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