secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000950170-22-019922
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PKG Q3 adj EPS $2.83 beats $2.80 guidance; Q4 guided at $2.22
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- GAAP EPS $2.80, adjusted EPS $2.83; net income $262M; sales $2.1B vs $2.0B a year ago.
- Packaging shipments fell 6.0% YoY; containerboard inventory up 11K tons vs Q3 2021.
- CEO cites significant cost inflation and packaging demand below expectations despite price hikes.
- Q4 guidance of $2.22 per share, citing lower demand, higher costs, and fewer shipping days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000095017022019922/0000950170-22-019922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000095017022019922/pkg-20221024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019922

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