secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000950170-22-000510
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Packaging Corp of America Q4 adj EPS $2.76 beats guidance; board authorizes $1B buyback
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- Q4 adj. EPS $2.76 (vs guidance $2.04); revenue $2.0B (+18% YoY).
- FY21 adj. EPS $9.39 (vs $5.78 in FY20); revenue $7.7B (+15% YoY).
- Board authorized new $1B share repurchase; Q4 repurchased 1.4M shares for $193M.
- Q1 2022 guidance: EPS $2.50; announced $70/ton containerboard price increase.
- Packaging segment income $365.8M (up 74% YoY); record corrugated shipments per day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000095017022000510/0000950170-22-000510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000095017022000510/pkg-20220126.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-000510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer