secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000950170-23-034128
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Packaging Corp of America Q2 EPS $2.24, down 30% YoY; guides Q3 $1.88
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- Reported EPS $2.24 vs $3.20 Q2 2022; adjusted EPS $2.31 vs $3.23, a $0.92 decline.
- Net sales $2.0B, down 9% from $2.2B prior year; Packaging segment income fell 32% to $285.8M.
- Corrugated shipments per day down 9.8% YoY; temporarily idled Wallula, WA mill.
- Q3 2023 guidance of $1.88 EPS, citing lower containerboard prices and higher scheduled outage costs.
- Share repurchases in H2 2022 reduced share count, providing $0.13 EPS benefit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000095017023034128/0000950170-23-034128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000095017023034128/pkg-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034128

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