PKG Stock - Packaging Corporation of America
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B |
| Gross Profit | $1.78B | $1.70B | $2.09B | $1.87B | $1.39B |
| Gross Margin | 21.3% | 21.8% | 24.7% | 24.2% | 20.8% |
| Operating Income | $1.10B | $1.08B | $1.42B | $1.28B | $841.60M |
| Net Income | $805.10M | $765.20M | $1.03B | $841.10M | $461.00M |
| Net Margin | 9.6% | 9.8% | 12.1% | 10.9% | 6.9% |
| EPS | $8.97 | $8.52 | $11.07 | $8.87 | $4.86 |
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 24th 2025 | JP Morgan | Initiation | Overweight | $242 |
| June 16th 2025 | Jefferies | Downgrade | Hold | $205 |
| June 4th 2025 | UBS | Initiation | Neutral | $200 |
| May 9th 2025 | Wells Fargo | Downgrade | Equal Weight | $180 |
| December 18th 2024 | Jefferies | Upgrade | Buy | $280← $215 |
| April 24th 2024 | Wells Fargo | Upgrade | Overweight | $191← $187 |
| April 12th 2024 | Exane BNP Paribas | Downgrade | Neutral | $182 |
| March 4th 2024 | BofA Securities | Upgrade | Buy | $202← $172 |
| January 29th 2024 | Seaport Research Partners | Downgrade | Neutral | - |
| January 8th 2024 | Exane BNP Paribas | Resumed | Outperform | - |
| September 27th 2023 | Jefferies | Upgrade | Hold | $142← $105 |
| December 15th 2022 | BofA Securities | Downgrade | Neutral | $139← $146 |
| October 18th 2022 | Deutsche Bank | Downgrade | Sell | $104← $144 |
| September 16th 2022 | Jefferies | Downgrade | Underperform | $112← $130 |
Earnings History & Surprises
PKGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 27, 2026 | $2.41 | — | — | — |
Q4 2025 | Oct 22, 2025 | $2.83 | $2.73 | -3.5% | ✗ MISS |
Q3 2025 | Jul 23, 2025 | $2.44 | $2.48 | +1.6% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $2.21 | $2.31 | +4.5% | ✓ BEAT |
Q1 2025 | Jan 28, 2025 | $2.53 | $2.47 | -2.4% | ✗ MISS |
Q4 2024 | Oct 22, 2024 | $2.50 | $2.65 | +6.0% | ✓ BEAT |
Q3 2024 | Jul 23, 2024 | $2.14 | $2.20 | +2.8% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $1.68 | $1.72 | +2.4% | ✓ BEAT |
Q1 2024 | Jan 24, 2024 | $1.83 | $2.13 | +16.4% | ✓ BEAT |
Q4 2023 | Oct 23, 2023 | $1.93 | $2.05 | +6.2% | ✓ BEAT |
Q3 2023 | Jul 24, 2023 | $1.92 | $2.31 | +20.3% | ✓ BEAT |
Q2 2023 | Apr 24, 2023 | $2.27 | $2.20 | -3.1% | ✗ MISS |
Q1 2023 | Jan 25, 2023 | $2.23 | $2.35 | +5.4% | ✓ BEAT |
Q4 2022 | Oct 24, 2022 | $2.81 | $2.83 | +0.7% | ✓ BEAT |
Q3 2022 | Jul 25, 2022 | $2.85 | $3.23 | +13.3% | ✓ BEAT |
Q2 2022 | Apr 25, 2022 | $2.52 | $2.72 | +7.9% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $2.07 | $2.76 | +33.3% | ✓ BEAT |
Q4 2021 | Oct 25, 2021 | $2.34 | $2.69 | +15.0% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $1.78 | $2.17 | +21.9% | ✓ BEAT |
Latest News
Packaging Corporation Of America Forecasts Q4 2025 EPS Of $2.40, Driven By Greif Integration And Wallula Mill Savings
📈 PositiveJP Morgan Maintains Overweight on Packaging Corp of America, Raises Price Target to $245
📈 PositivePackaging Corporation of America To Permanently Close Wallula Paper Machine And Pulping Facilities, Cutting 250,000 Tons Of Capacity; Expects A Reduction In Headcount Of ~200 Positions
📉 NegativeUBS Maintains Neutral on Packaging Corp of America, Raises Price Target to $230
➖ NeutralPackaging Corp of America Sees Q4 GAAP EPS $2.40 vs $2.65 Est
📉 NegativePackaging Corp of America Q3 Adj. EPS $2.73 Misses $2.81 Estimate, Sales $2.313B Beat $2.302B Estimate
➖ NeutralUBS Maintains Neutral on Packaging Corp of America, Lowers Price Target to $225
➖ NeutralTruist Securities Maintains Buy on Packaging Corp of America, Raises Price Target to $264
📈 PositiveWells Fargo Maintains Equal-Weight on Packaging Corp of America, Raises Price Target to $222
➖ NeutralUBS Maintains Neutral on Packaging Corp of America, Raises Price Target to $226
➖ NeutralCitigroup Maintains Neutral on Packaging Corp of America, Raises Price Target to $218
➖ NeutralSeaport Global Maintains Buy on Packaging Corp of America, Raises Price Target to $250
📈 PositiveJP Morgan Initiates Coverage On Packaging Corp of America with Overweight Rating, Announces Price Target of $242
📈 PositiveTruist Securities Maintains Buy on Packaging Corp of America, Raises Price Target to $262
📈 PositiveGreif Completes Sale Of Containerboard Business To Packaging Corporation of America; Updates 2025 Guidance, Sees Adjusted EBITDA Now $507M-$517M, Free Cash Flow Revised To $290M-$300M
📈 PositiveFrequently Asked Questions about PKG
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