---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001189"
form_type: "8-K"
ticker: "PKG"
cik: "0000075677"
company_name: "PACKAGING CORP OF AMERICA"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:47:58.874040+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PKG Q4 adj EPS $2.35 vs $2.76 YoY; guides Q1 $2.23 on softer demand

## Summary
- Q4 net sales $1.98B, down 3% YoY; adj EPS $2.35 vs $2.76, missing consensus.
- Packaging segment income $282.4M, down 23% YoY; shipments per day down 8.7%.
- Full year adj EPS $11.14 vs $9.39; revenue $8.5B, up 10% from $7.7B.
- Q1 2023 EPS guidance $2.23; expects similar box demand per day but lower prices.
- Repurchased over 3M shares in Q4 at avg $126.70/share; reduced share count.

## SEC filing metadata
- accession: 0000950170-23-001189
- form_type: 8-K
- ticker: PKG
- cik: 0000075677
- company_name: PACKAGING CORP OF AMERICA
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/0000950170-23-001189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/pkg-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001189
- JSON: https://secwatch.observer/filing/0000950170-23-001189.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001189.txt

## Key facts
- Earnings Releases
  PACKAGING CORP OF AMERICA reported fourth quarter 2022 results: revenue $1.98 billion, net income $212 million, EPS $2.31 per share.
  - Period: fourth quarter 2022
  - Revenue: $1.98 billion
  - Net income: $212 million
  - EPS: $2.31 per share
  - Result: reported results
  source text: fourth quarter 2022 net income of $212 million, or $2.31 per share, and net income of $215 million, or $2.35 per share, excluding special items. Fourth quarter net sales were $1.98 billion in 2022 and $2.04 billion in 2021. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special
  evidence_url: https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/0000950170-23-001189-index.htm
- Earnings Releases
  PACKAGING CORP OF AMERICA reported full year 2022 results: revenue $8.5 billion, net income $1.03 billion, EPS $11.03 per share.
  - Period: full year 2022
  - Revenue: $8.5 billion
  - Net income: $1.03 billion
  - EPS: $11.03 per share
  - Result: reported results
  source text: 2021. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special items. Full year net sales were $8.5 billion in 2022 and $7.7 billion in 2021. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended Full Year Ended December 31,
  evidence_url: https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/0000950170-23-001189-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.