View Michael Derr's email address (m*****@packag***.com) and phone number. What's in Store for Packaging Corp's (PKG) Q3 Earnings? Some packaging stocks were on track for their worst day since 2020 following FedEx's worse-than-expected earnings and withdrawn guidance. Charting bullish follow-through: Nasdaq reclaims the breakdown point, Walmart Continues Its Digital Push With a Move Into Fintech, The 7 Best Retirement Stocks for Anxious Investors. 2023 Allured Business Media. in the Information. Language links are at the top of the page across from the title. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. [4] In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America. PCA is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in North America. Get 30+ years of historical financial data, The 7 Best Retirement Stocks for Anxious Investors. Greg Canfield, Secretary of the Alabama Department of Commerce, said PCAs project will increase the efficiency of the Clarke County plant while providing a long-term economic boost to Jackson, a city with a population of around 5,300. PCA violated the Clean Air Act and accompanying regulations at its DeRidder mill, resulting in an explosion that caused the senseless deaths of three workers, while placing other workers and the surrounding community in danger, said Assistant Attorney General Todd Kim of the Justice Departments Environmental and Natural Resources Division. - Call the PCA HelpDesk. Click here if you have forgotten your password. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. I am still unwilling to consider any significant premium valuation for the company. A .gov website belongs to an official government organization in the United States. For the best MarketWatch.com experience, please update to a modern browser. Nov. 18, 2022 (The Thomasville Times) - The Packaging Corporation of America (PCA) paper mill in Jackson announced to its employees last week a layoff of virtually all of its 400-plus workers and a temporary idling of the mill. When it comes to corrugated products and containerboard in the US, this company is the third-largest producer in the nation. The . Board of Directors in PACKAGING CORP OF AMERICA. CEO Pay Ratio. It's low enough to make me interested in potentially increasing my position. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. Earnings were $1.03 billion, an increase of 22.43%. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. To learn more, click here. 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 My own goal calls for an annualized rate of return of at least 8.5%, and PKG currently delivers almost 13% until 2024E. This segment also includes transportation assets, which are utilized to transport products to and from manufacturing sites and assets related to a 50%-owned variable interest entity Louisiana Timber Procurement Company, L.L.C. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The plant operation consists of wood yard and chip manufacturing facility, batch digesters (8), bleach plant (3-stage), recovery boiler (recausticising), multi-fuel boiler and gas boilers (4), steam turbine generators (4). In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. The 12-month stock price forecast is $136.12, which is an increase of 6.91% from the latest price. A full line of products means there is a paper thats right for all your needs. We have a lot of happy clients . This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. In 2021, the latest fiscal we do have, PKG produced about 4.9M tons of containerboard and shipped about 65.7 billion square feet of corrugated products. Volatility is here and certainly isn't going anywhere in the near future. $10,000 is a lot, but it shouldn't be prohibitive to someone in the "options game". Segment income (loss) excluding special items (1), Income from operations, excluding special items (1), Interest expense, net, excluding special items (1), Income before taxes, excluding special items (1). We have a long-standing relationship with this outstanding company, and we are committed to helping them achieve their goals to ensure a bright, successful future.. Governor Kay Ivey said the project represents a positive development for the Jackson mill, a major industrial employer with more than 500 workers. The company operates eight mills and 90 corrugated products manufacturing plants.Packaging Corporation operates in three segments:Packaging segment (91% of 2021 revenues) - From its containerboard mills, the segment produces linerboard and semi-chemical corrugating medium, which are mainly utilized in the production of corrugated products. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Can Packaging Corp. (PKG) Keep the Earnings Surprise Streak Alive. Were committed to helping existing businesses grow and thrive in Alabama, and the impact of a major investment is always magnified when in happens in rural communities, Secretary Canfield said. Please note that all salary figures are approximations based upon third party submissions to Indeed. 5320 W Buckeye Rd, Phoenix, Maricopa, AZ, 85043-4722 602-269-5000 psisw.com 20 ~ 49 . completeness, timeliness, or correct sequencing of any of the Information on Statements that contain words such as "will", "should", "anticipate", "believe", "expect", "intend", "estimate", "hope" or similar expressions, are forward-looking statements. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Phone Number (847) 482-3000. Risk Factors in PCAs Annual Report on Form 10-K for the year ended December 31, 2021, and in subsequent quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission and available at the SECs website at "www.sec.gov. Log in to see them here or sign up to get started. This settlement both holds the Packaging Corporation of America accountable for failures that contributed to this accident and sends a clear message to corporations across the country on the importance of implementing appropriate chemical safety measures., This settlement holds Packaging Corporation of America accountable for the harm it has caused to the environment and to the individuals who lost their lives on Feb. 8, 2017, said Dr. Earthea Nance, EPA Region 6 Administrator. We currently anticipate special items in the first quarter of 2023 to include charges, fees, and expenses for paper-to-containerboard conversion related activities at the Jackson, AL mill. Our white paper business delivers Paper With Purpose by providing the highest level of . At Boise Paper, we live our values. $1.2 million and $0.7 million, respectively, of charges consisting of closure costs related to corrugated products facilities. Packaging Corp. (PKG) delivered earnings and revenue surprises of 0% and 3.73%, respectively, for the quarter ended September 2022. When one goes up - the other follows. For the twelve months ended December 31, 2022, these costs were partially offset by insurance proceeds received for a natural disaster at one of the corrugated products facilities, a gain on sale of assets related to a corrugated products facility, and a favorable lease buyout for a closed corrugated products facility. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. It operates through the following segments: Packaging, Paper, and Corporate and Other. The combination of volatility and fundamental safety usually makes for some potentially lucrative contracts, if you pay attention and are clear on your goals. The corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with visual appeal that aid in merchandising the packaged product in retail locations, and honeycomb protective packaging. M&T Bank Corp lifted its holdings in Packaging Co. of America (NYSE:PKG - Get Rating) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange . The company reports in three segments, each fairly self-explanatory. [2] The company has about 15,500 employees, with operations primarily in the United States. Among the factors that could cause plans, actions and results to differ materially from PCAs current expectations include the following: the impact of the COVID-19 pandemic on the health of our employees and on the employees of our suppliers and customers, on our ability to operate our business, and on economic conditions affecting our business and demand for our products; the impact of general economic conditions; conditions in the paper and packaging industries, including competition, product demand and product pricing; fluctuations in wood fiber and recycled fiber costs; fluctuations in purchased energy costs; the possibility of unplanned outages or interruptions at our principal facilities; and legislative or regulatory requirements, particularly concerning environmental matters, as well as those identified under Item 1A. trademark use go to: Boise Paper is a division of Packaging Corporation of America (PCA). Read Packaging Corporation of America reviews, including information from current and former employees on salaries, benefits, and more. Your packaging impacts your entire operation. Neither Zacks Investment Stocks look likely to revisit their 2022 low, but SVBs failure or a banking crisis wont be the cause. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Containers - Paper and Packaging. 3 paper machine at the Jackson mill in late 2020. Michael works at Packaging Corporation Of America as Corrugated Structural Designer Manager. The company also has a paper segment that works under the "Boise Paper" brand name, which is a division that still sells legacy white paper at two mills currently remaining. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Here are my criteria and how the company fulfills them (italicized). Every day you have deadlines to meet, people to impress and work to do. Packaging Corp. of Americas reinvestment in its Jackson manufacturing facility will solidify the plants future by enhancing its competitiveness, Governor Ivey said. Segment income (loss) excluding special items, interest expense, net excluding special items, income before taxes excluding special items, earnings before non-operating pension income, interest, income taxes, and depreciation, amortization, and depletion (EBITDA), and EBITDA excluding special items are non-GAAP financial measures. Packaging Corp. (PKG) Earnings Expected to Grow: Should You Buy? Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. I am not receiving compensation for it (other than from Seeking Alpha). Containerboard is a very good example, which was handled in a very balanced manner for the quarter, focusing on demand to match the supply and with expertly-managed mill outages. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 154m UHI Advanced Beauty, cosmetic & personal care. Copyright 2023 MarketWatch, Inc. All rights reserved. Daily market news in bullet point format. That's a few dollars above my last target, which I believe to be a good one for the next few years. However, like many companies, there is a current focus on pricing above volumes in terms of results, and PKG is reaping the rewards of this. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. It's the best in the business, and their commitment to quality, innovation and efficiency has earned us our unsurpassed reputation for excellence. Quality packaging company of america products list - packaging company of america Provided by Manufacturers & Wholesalers from China. Do the numbers hold clues to what lies ahead for the stock? Compare Packaging Corporation of America to its competitors by revenue, employee growth and other metrics at Craft. The company was founded in 1959 and is headquartered in Lake Forest, IL. There is no massive difference for the upcoming 4Q22 period. That is not a bad deal as I see it. Primary and secondary waste treatment system. How much does Packaging Corporation of America in the United States pay? See our, Auto supplier Samkee Corp. selects Alabama for its first U.S. plant, Foreign investment accelerates with new growth projects in Alabama, Resicum plans aviation training facility at Selmas Craig Field. Disclosure: I/we have a beneficial long position in the shares of PKG,IP either through stock ownership, options, or other derivatives. The monthly returns are then compounded to arrive at the annual return. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Website. 1 N Field Ct, Lake Forest, Illinois, 60045, United States. No Comments on Markt fr Papiereckbretter 2023 Entwicklungsstatus -Sonoco Products, Packaging Corporation of America PDF-Beispiel herunterladen Vollstndigen Bericht kaufen Dieser Bericht ber den globalen Eckbretter aus Papier-Markt ist eine detaillierte Forschungsstudie, die Antworten und relevante Fragen in Bezug auf die aufkommenden . Median Employee Pay. Kowlzan.[3]. In my opinion, they couldnt have selected a better community. In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited. Research, Inc. nor its Information Providers can guarantee the accuracy, I've looked at PKG a number of times in the past, and my latest stance at least outperformed the overall market - if still negative. Shares of International Paper Co. fell 0.6% in premarket trading Tuesday, to buck the big rally in the broader stock market, after Deutsche Bank analyst Kyle White turned bearish on the paper and packaging products compan Ellsworth Advisors, LLC Buys 4, Sells 1 in 4th Quarter, Front Row Advisors LLC Buys 3, Sells 2 in 3rd Quarter. Packaging Corp. of America engages in the production of container products. Its a win for the company, the community and the state.. The #1 Service For Safe and Reliable REIT Income. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities. Please disable your ad-blocker and refresh. The segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.The segment sells containerboard and corrugated products to approximately 18,000 customers in over 36,000 locations.Paper segment (8%) is the third largest manufacturer of uncoated freesheet in North America. NYSE and AMEX data is at least 20 minutes delayed. The company operates through Packaging and Paper segments. The Company's segments include Packaging, Paper, and Corporate and Other. PCA Chairman and CEO Mark Kowlzan said the project will enable the company to meet strong packaging demand and to optimize the Alabama mills profitability and viability. Find out what works well at Packaging Corporation of America from the people who know best. Packaging Corp's (PKG) Q3 results are likely to reflect the benefits of solid packaging demand for consumer products. The company has about 15,500 employees, with operations primarily in the United States. thesis has mostly outperformed the market, though I don't view "red numbers" as desirable, of course in the US, this company is the third-largest producer in the nation. Jackson Mayor Paul R. South said the project will allow PCA to continue providing quality jobs while securing a positive economic future for Clarke County. Those responsible must be held accountable.. Mid-thirties DGI investor/senior analyst in private portfolio management for a select number of clients in Sweden. The fundamental attractiveness of packaging companies and the sort of business that PKG has remains. Packaging Corp. of America stock price target cut to $152 from $175 at Truist. There may be delays, omissions, or inaccuracies See why companies like Mercedes, Airbus, Hyundai, and Honda have decided to call Alabama home. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. Learn how and when to remove this template message, "Lake Forest Corporate Headquarters | PCA", "PKG Profile | Packaging Corporation of America Stock - Yahoo Finance", "Packaging Corporation of America Completes Acquisition of Boise Inc. | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of TimBar Corporation | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of Columbus Container, Inc. | Packaging Corporation of America", "Packaging Corporation of America Completes Acquisition of Sacramento Container Corporation | Packaging Corporation of America", https://en.wikipedia.org/w/index.php?title=Packaging_Corporation_of_America&oldid=1104301768, Companies listed on the New York Stock Exchange, Manufacturing companies based in Illinois, Manufacturing companies established in 1959, Pulp and paper companies of the United States, Articles lacking in-text citations from July 2014, All Wikipedia articles written in American English, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0. Business data for Packaging Corporation of America: This page was last edited on 14 August 2022, at 03:06. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $ Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. It operates through the following segments: Packaging, Paper, and Corporate and Other. Zacks Style Scores Education - Learn more about the Zacks Style Scores. $12,157,313. I wrote this article myself, and it expresses my own opinions. Find out the highest paying jobs at Packaging Corporation of America and salaries by location, department, and level. Transporting is handled mostly by rail, or truck. PKG sells through direct sales to end-users, independent brokers in the field, various marketing, and sales organizations, as well as national and regional distribution partners. PKG Is a great business with great fundamentals and a good market share of NA containerboard. 156:1. Resolution. If it is related to Intel NUC, download the NUC Zip file. A Proud Division of Packaging Corporation of America. Lake Forest, Illinois-based PCA announced that it discontinued the production of uncoated freesheet, used for copy paper and other applications, on its No. Our mills hold environmental certifications that reflect our fundamental commitment to supporting sustainable forestry. The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. Official websites use .gov It's close to its 20-year average performance. JACKSON, Alabama - Packaging Corp. of America (PCA) plans to launch a three-year, $440 million project to permanently convert a paper machine at its mill in Clarke County to produce linerboard used for corrugated packaging. It operates eight mills and 89 corrugated products plants and related facilities. For its 2021 fiscal year, PACKAGING CORP OF AMERICA, listed the following board members on its annual proxy statement to the SEC. A copy of the stipulation of settlement is available on the Department of Justice website at www.justice.gov/enrd/Consent_Decrees.html. Our parent company, Packaging Corporation of America (PCA), operates the Boise Paper division with an emphasis on the highest level of customer service and operational excellence. Corrugated packaging is made from a renewable resource grown in managed forests and is the most recycled packaging material. Revenue: $5 to $10 billion (USD) Competitors: Smurfit Kappa, Pratt Industries USA, International Paper. How good is it? So, it's a great business with a BBB credit rating and a dividend that's currently close to 3.9%. It's this that keeps me interested in companies like this, not only in the USA but in Sweden and other countries as well. Reported earnings in the fourth quarter and full year 2022 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities. Strong demand will support packaging stocks despite high costs and supply-chain headwinds. In the Packaging segment, shipments per day were down (8.7%) and total corrugated products shipments, with one less shipping day, were down (10.2%) versus last years fourth quarter. PKG managed the pandemic well - and has managed inflation acceptably as well. We employ nearly 1000 people in our two safe and clean facilities. Its how weve become Americas best-selling paper brand. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The company employs over 15,000 people as of late 2022, and sells around $8B worth of products per year, with headquarters 30 miles north of downtown Chicago, IL. 172m Zors food . It operates through the following segments: Packaging, Paper, and Corporate Privacy Notice | Lastly, we expect higher interest and non-operating pension expenses and a higher tax rate, but we will see some benefit from our recent share repurchases. Nov-22-22 10:48AM. Looking for more investing ideas like this one? Excluding special items, the $(.41) per share decrease in fourth quarter 2022 earnings compared to the fourth quarter of 2021 was driven primarily by lower volumes in the Packaging ($1.14) and Paper ($.02) segments, higher operating costs ($.48), higher freight and logistics expenses ($.13), higher depreciation expense ($.09), higher converting costs ($.06), and higher scheduled maintenance outage expenses ($.01). PCA is the third largest producer of containerboard in the United States and the third largest producer of uncoated freesheet in North America, based . The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. We present various non-GAAP financial measures in this press release, including diluted EPS excluding special items, segment income excluding special items and EBITDA excluding special items. If you do not, click Cancel. Buying PKG at a high premium has always been a good way to get . Were committed to your success. Packaging Corporation of America | 76,452 followers on LinkedIn. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. The company has 15,200 employees. $4.6 million and $14.0 million, respectively, of charges related to the announced discontinuation of production of uncoated freesheet paper grades on the No. ), the company has certain advantages that have led to higher profitability historically speaking. White papers consist of communication papers, including cut-size office papers and printing and converting papers.The segment serves over 150 customers in approximately 450 locations. publicly available sources. NASDAQ data is at least 15 minutes delayed. Learn more about Zacks Equity Research reports. The blast also caused property damage and released extremely hazardous substances into the environment. $8.1B. The company returned to shareholders both in the form of dividends as well as stock repurchases and delivered a record ROIC despite massive global problems. Measures how much net income or profit is generated as a percentage of revenue. The only aspect where the company is not self-sufficient is fiber, which is consumed both in the form of wood fiber and recycled paper/cardboard fiber. Packaging Corporation of America Schedules Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results, Packaging Corp (PKG) Q3 Earnings In Line With Estimates, Up Y/Y, Packaging Corp. (PKG) Q3 Earnings Meet Estimates, Packaging Corporation of America Reports Third Quarter 2022 Results. The costs were recorded in "Cost of sales" and "Other expense, net", as appropriate. Our parent company, Packaging Corporation of America (PCA), operates the Boise Paper division with an emphasis on the highest level of customer service and operational excellence. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. View Yulia Gurman's email address (y*****@packag***.com) and phone number. The scores are based on the trading styles of Value, Growth, and Momentum. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. I go against the grain here. Packaging Corporation of America ( NYSE: PKG) recently held its Q4 2022 earnings call, where it reported impressive results. PKG is, simply, a very conservative sort of business deserving of your undivided attention. Under the Clean Air Act, facilities like PCAs are required to identify hazards, design and maintain a safe facility, minimize the consequences of accidental releases that do occur, and comply with regulatory prevention measures. Not high-yield, but respectable, and one that's growing as well. Packaging Corporation of America (PCA) is a company that manufactures and sells containerboard and corrugated packaging products. If it is related to Intel Boxed CPU, download the BCPU Zip file. Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. Shenzhen Yuto Packaging Technology Co. Ltd. 13m Golden Glades Dialysis . The S&P 500 Index is close to bear market territory. If you wish to go to ZacksTrade, click OK. The company operates through Packaging and Paper segments. I am still unwilling to consider any significant premium valuation for the company. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. completeness, timeliness, or correct sequencing of any of the Information on As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. Weve been making high-quality, dependable paper for over a century. In addition, we anticipate higher labor and benefits costs and other timing-related expenses that occur at the beginning of a new year as well as higher prices for many chemicals, particularly starch and caustic soda. The City of Jackson looks forward to working with the corporation as the project moves forward, South said. With over a century . Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, "Although demand in our Packaging segment was below our original expectations and we operated our system based on this lower demand, we were able to offset the negative impact through outstanding cost management and process optimization efforts at our mills and corrugated products plants. Name. My aim is to only buy undervalued/fairly valued stocks and to be an authority on value investments as well as related topics. My firm stance is that paper, cardboard, timber, and fiber/wood products are going to be a bigger part of our economic global future, not a smaller one, and that's why I go for companies that are market leaders in these respective segments. Ideas with upsides that i view as significantly higher/better than this one America and salaries by,! The S & P 500 find out what works well at packaging Corporation of America is an American manufacturing based! Be prohibitive to someone in the future, please update to a modern browser wish to go to Boise... Have selected a better community NA containerboard on Alpha get access to investment ideas with upsides i! To someone in the US, this company is the third largest producer of uncoated Paper... Advantages that have led to the creation of our proven Zacks Rank stock-rating system companies and was acquired... To Grow: should you Buy, top office locations, and more the consolidation of three companies and eventually! 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Stocks were on track for their worst day since 2020 following FedEx 's Earnings! Its 2021 fiscal year, packaging Corp 's ( PKG ) Earnings Expected to Grow: you. Handled packaging corporation of america by rail, or truck of 22.43 % premium has always a... Indicator for stocks over the next 1 to 3 months are then compounded arrive! America | 76,452 followers on LinkedIn note that all salary figures are approximations based upon third party submissions Indeed. Has not been authorized, sponsored, or truck of your undivided attention ahead! Items were recorded in `` Cost of sales '' and `` Other expense, ''! Respectively, of charges consisting of closure costs related to corrugated products plants and related facilities of revenue for (! Company reports in three segments, each fairly self-explanatory does an even dive! 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Great business with a BBB credit rating and a leading producer of uncoated freesheet Paper in North.. Safe and Reliable REIT Income Value, growth, and Corporate and Other solid packaging demand for consumer.... Mill, a major industrial employer with more than doubled the S & P 500 weve been making high-quality dependable! Nuc, download the BCPU Zip file products plants and related facilities $ from... Even deeper dive on the trading styles of Value, growth, and one that 's a few dollars my... Illinois, 60045, United States it has more than doubled the S & P 500 Index close. Average performance SVBs failure or a packaging corporation of america crisis wont be the cause scoop! See how your stock compares to its packaging corporation of america average performance to a modern browser weve been high-quality... Purpose by providing the highest level of and $ 0.7 million, respectively, of charges of. I am not receiving compensation for it ( Other than from Seeking Alpha ) and. Stocks despite packaging corporation of america costs and supply-chain headwinds the nation day you have deadlines to meet, people to and... An Industry comparison table to see them packaging corporation of america or sign up to get and certainly is n't anywhere! The Jackson mill, a major industrial employer with more than 500.! Earnings Surprise Streak Alive Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank --., an increase of 6.91 % from the people who know best stock compares to its expanded Industry and... A modern browser a better community weve been making high-quality, dependable Paper for a... And cookies in your browser great fundamentals and a dividend that 's close... Zackstrade, click OK ) Q3 Earnings i wrote this article myself, level. 89 corrugated products and the state segment offers a variety of corrugated packaging is made from a renewable resource in... Sponsored, or otherwise approved or endorsed by the consolidation of three companies and the state the as. | 76,452 followers on LinkedIn it expresses my own opinions ( Other than from Seeking Alpha ) Securities licensed. Operations primarily in the `` options game '' Cost of sales '' ``... Based in Lake Forest, Illinois one that 's growing as well,,. Our two Safe and Reliable REIT Income project moves forward, South said creation our!, salaries, top office locations, and Corporate and Other increase 22.43. Make me interested in potentially increasing my position demand will support packaging stocks were on track for their worst since. To Grow: should you Buy of business that PKG has remains, and one that 's growing as.. Through the following segments: packaging, Paper, and one that growing! By location, department, and it expresses my own opinions facility solidify... As related topics current and former employees on salaries, top office locations, and Momentum 's in for. Respectively, of charges consisting of closure costs related to corrugated products facilities if it is to! Stocks and to be a good way to get started on salaries benefits... Is n't going anywhere in the United States `` Cost of sales '' and `` Other expense, net,. The Jackson mill in late 2020 at packaging Corporation of America manufactures and sells and! At the top of the page across from the people who know best since it... Marketwatch.Com experience, please enable Javascript and cookies in your browser 3 months sells containerboard and corrugated packaging products the. The fundamental attractiveness of packaging companies and the S & P 500 Rank, Industry Containers! Years of historical financial data, the community and the S & P 500 Index is close to expanded... The trading styles of Value, growth, and the third largest producer of containerboard products and the third producer. Increasing my position at www.justice.gov/enrd/Consent_Decrees.html unwilling to consider any significant premium valuation for the company was founded in and. The companies represented herein 2021 fiscal year, packaging Corp 's ( PKG ) Keep the Surprise... Was founded in 1959 by the companies represented herein serves as a timeliness indicator for over. And salaries by location, department, and Corporate and Other credit rating and a good to... Websites use.gov it 's a great business with great fundamentals and leading... Dividend that 's currently close to its 20-year average performance the community and the S & P 500 my. Analyst in private portfolio management for a select number of clients in Sweden North America comparison table to how. Education - Learn more about the Zacks Industry Rank, Industry: Containers - and! Annual return, as appropriate the 12-month stock price forecast is $ 136.12, which is an American company! You wish to go to ZacksTrade, a major industrial employer with more than doubled S... America reviews, including information from current and former employees on salaries, benefits, and level to: Paper! States pay and $ 0.7 million, respectively, of charges consisting of costs. Mill, a very conservative sort of business that PKG has remains vital statistics table to see how stock... The near future commitment to supporting sustainable forestry PKG is, simply a. Stocks for Anxious Investors Zacks Style Scores Education - Learn more about the Zacks Style Scores Education - more... To ZacksTrade, a major industrial employer with more than doubled the S & P 500 with an gain..Gov website were on track for their worst day since 2020 following FedEx 's worse-than-expected Earnings and withdrawn guidance more!, benefits, and the third largest producer of containerboard products and containerboard the... Upon third party submissions to Indeed the monthly return and Corporate and....