secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000950170-24-046545
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCA reports Q1 2024 adjusted EPS of $1.72, down from $2.20 YoY; revenue flat at $2.0B
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- Net income $147M ($1.63 reported EPS); adjusted EPS $1.72 vs $2.20 prior year, a $0.48 decline.
- Packaging segment income ex special items $207.7M, down from $277.4M YoY; prices/mix down $1.33 per share.
- Corrugated shipments per day up 11% YoY; containerboard production 1,162,000 tons; inventory at record low.
- Q2 2024 guidance $2.07 per share, citing higher packaging prices and volumes, lower paper volume due to mill outage.
- Special items mainly Jackson, AL mill conversion costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000095017024046545/0000950170-24-046545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000095017024046545/pkg-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-046545

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