Packaging Corp Q4 adj EPS $2.13 beats $1.76 guidance; Q1 2024 guide $1.54

PACKAGING CORP OF AMERICA

2023-FY EPS reported $8.48 revenue$7,802,400,000

Q4 2023 net income $189M ($2.10 GAAP, $2.13 adj EPS); adjusted EPS down $0.22 YoY.
Packaging segment shipments per day up 5.1% YoY; total corrugated shipments up 6.9%.
Full year 2023 net sales $7.8B down from $8.5B; adj EPS $8.70 vs $11.14 in 2022.
Q4 segment income: Packaging $263.8M, Paper $28.1M; EBITDA excl. special items $393.5M.
Q1 2024 EPS expected $1.54, including ($0.16) from Jackson mill conversion outage.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PACKAGING CORP OF AMERICA reported fourth quarter 2023 results: revenue $1.94 billion, net income $189 million, EPS $2.10 per share.

Period: fourth quarter 2023
Revenue: $1.94 billion
Net income: $189 million
EPS: $2.10 per share
Result: reported results

Exact text from the filing

Packaging Corporation of America (NYSE: PKG) today reported fourth quarter 2023 net income of $189 million, or $2.10 per share, and net income of $192 million, or $2.13 per share, excluding special items. Fourth quarter net sales were $1.94 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PACKAGING CORP OF AMERICA reported full year 2023 results: revenue $7.8 billion, net income $765 million, EPS $8.48 per share.

Period: full year 2023
Revenue: $7.8 billion
Net income: $765 million
EPS: $8.48 per share
Result: reported results

Exact text from the filing

Full year 2023 net income was $765 million, or $8.48 per share, and net income of $784 million, or $8.70 per share, excluding special items. Full year net sales were $7.8 billion

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

PACKAGING CORP OF AMERICA filing history →

Source: SEC EDGAR

accession 0000950170-24-007108

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