secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000950170-23-001189
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/0000950170-23-001189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000095017023001189/pkg-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001189

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