PACKAGING CORP OF AMERICA reported first quarter 2026 results: revenue $2.4 billion, net income $171 million, EPS $1.91 per share.
“Packaging Corporation of America (NYSE: PKG) today reported first quarter 2026 net income of $171 million, or $1.91 per share, and net income of $215 million, or $2.40 per share, excluding special items. First quarter net sales were $2.4 billion in 2026 and $2.1 billion in 2025.”
Restructurings & Charges
PACKAGING CORP OF AMERICA announced a restructuring with charges of Cash charges of $40 million for contract termination, severance, and other charges affecting Wallula, Washington containerboard mill (approximately 200 positions).
“These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.”
Restructurings & Charges
PACKAGING CORP OF AMERICA announced a impairment with charges of Non-cash impairment and accelerated depreciation charges of $165 million affecting Wallula, Washington containerboard mill (approximately 200 positions).
“These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.”
Debt Financings
PACKAGING CORP OF AMERICA incurred credit facility of $500 million seven-year unsecured term loan facility at Term SOFR Rate or the Base Rate plus the Applicable Margin maturing seven-year unsecured term loan facility.
“The Farm Credit Agreement is a $500 million seven-year unsecured term loan facility.”
Debt Financings
PACKAGING CORP OF AMERICA incurred credit facility of $500 million three-year unsecured term loan facility and a $600 million unsecured revolving credit facility at Term SOFR Rate or the Base Rate plus the Applicable Margin maturing three-year unsecured term loan facility.
“The Commercial Credit Agreement includes a $500 million three-year unsecured term loan facility and a $600 million unsecured revolving credit facility.”
Kent A. Pflederer was appointed as Executive Vice President and Chief Financial Officer at PACKAGING CORP OF AMERICA.
“Kent A. Pflederer, age 54, PCA’s Senior Vice President, General Counsel and Secretary, will become PCA’s Executive Vice President and Chief Financial Officer on May 1, 2025”
Robert P. Mundy departed as Chief Financial Officer at PACKAGING CORP OF AMERICA.
“Robert P. Mundy, Packaging Corporation of America’s (“PCA”) Executive Vice President and Chief Financial Officer, and PCA’s principal financial officer and principal accounting officer, notified PCA that he will step down as Chief Financial Officer on May 1, 2025.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders rejected Stockholder Proposal Regarding Director Election Resignation Bylaw at the 2024-05-08 meeting.
“Stockholder Proposal Regarding Director Election Resignation Bylaw : 12,644,915 votes for; 63,816,263 votes against; 383,801 abstentions; and 5,500,434 broker non-votes.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Approval of PCA’s Executive Compensation at the 2024-05-08 meeting.
“Approval of PCA’s Executive Compensation : 71,793,232 votes for, 4,930,720 votes against, 121,018 abstentions and 5,500,434 broker non-votes.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Approval of Second Amended and Restated 1999 Long-Term Equity Incentive Plan at the 2024-05-08 meeting.
“Approval of Second Amended and Restated 1999 Long - Term Equity Incentive Plan : 70,515,959 votes for, 6,210,977 votes against, 118,043 abstentions and 5,500,434 broker non-votes.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-05-08 meeting.
“The audit committee’s appointment of KPMG LLP as PCA’s independent registered public accounting firm was ratified by the following vote: 80,848,054 votes for, 1,830,602 votes against, and 36,757 abstentions.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Paul T. Stecko at the 2024-05-08 meeting.
“Stecko 72,779,475 4,025,647 39,857 5,500,434 (b) Ratification of Independent Registered Public Accounting Firm .”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Thomas S. Souleles at the 2024-05-08 meeting.
“Souleles 71,190,711 5,612,633 41,635 5,500,434 Paul T. Stecko 72,779,475 4,025,647 39,857 5,500,434 (b) Ratification of Independent Registered Public Accounting Firm .”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Roger B. Porter at the 2024-05-08 meeting.
“Porter 61,236,883 13,113,239 2,494,857 5,500,434 Thomas S. Souleles 71,190,711 5,612,633 41,635 5,500,434 Paul T.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Samuel M. Mencoff at the 2024-05-08 meeting.
“Mencoff 66,344,693 8,165,851 2,334,435 5,500,434 Roger B. Porter 61,236,883 13,113,239 2,494,857 5,500,434 Thomas S.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Thomas P. Maurer at the 2024-05-08 meeting.
“Maurer 76,127,418 676,192 41,369 5,500,434 Samuel M. Mencoff 66,344,693 8,165,851 2,334,435 5,500,434 Roger B.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Robert C. Lyons at the 2024-05-08 meeting.
“Lyons 73,241,311 3,562,391 41,277 5,500,434 Thomas P. Maurer 76,127,418 676,192 41,369 5,500,434 Samuel M.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Mark W. Kowlzan at the 2024-05-08 meeting.
“Kowlzan 71,010,084 5,794,306 40,589 5,500,434 Robert C. Lyons 73,241,311 3,562,391 41,277 5,500,434 Thomas P.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Donna A. Harman at the 2024-05-08 meeting.
“Harman 75,034,138 1,774,077 36,764 5,500,434 Mark W. Kowlzan 71,010,084 5,794,306 40,589 5,500,434 Robert C.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Karen E. Gowland at the 2024-05-08 meeting.
“Gowland 76,438,524 361,537 44,918 5,500,434 Donna A. Harman 75,034,138 1,774,077 36,764 5,500,434 Mark W.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Duane C. Farrington at the 2024-05-08 meeting.
“Farrington 76,550,099 255,540 39,340 5,500,434 Karen E. Gowland 76,438,524 361,537 44,918 5,500,434 Donna A.”
Shareholder Votes
PACKAGING CORP OF AMERICA shareholders approved Election of Director: Cheryl K. Beebe at the 2024-05-08 meeting.
PACKAGING CORP OF AMERICA reported first quarter 2024 results: net income $147 million, or $1.63 per share.
“Packaging Corporation of America (NYSE: PKG) today reported first quarter 2024 net income of $147 million, or $1.63 per share”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.