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Packaging Corp of America (PKG.N)

PKG.N on New York Stock Exchange

119.37USD
16 Feb 2018
Change (% chg)

$1.44 (+1.22%)
Prev Close
$117.93
Open
$117.64
Day's High
$120.01
Day's Low
$117.53
Volume
201,133
Avg. Vol
200,896
52-wk High
$130.99
52-wk Low
$88.48

Latest Key Developments (Source: Significant Developments)

Packaging Corporation of America reports qtrly ‍EPS of $1.47​
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Packaging Corp Of America : :Packaging Corporation of America reports third quarter 2017 results.Sees Q4 earnings per share $1.50.Q3 sales $1.6 billion versus I/B/E/S view $1.64 billion.Packaging Corp of America qtrly ‍reported diluted EPS $1.47​.Packaging Corp of America qtrly ‍diluted EPS excluding special items $1.68​.Packaging Corp of America - ‍at quarter end container board inventory was up 7,000 tons compared to Q3 of 2016 and up 20,000 tons from Q2 of 2017​.  Full Article

Packaging Corp Of America to acquire Columbus Container Inc
Wednesday, 12 Oct 2016 

Packaging Corp Of America : Packaging Corporation Of America announces agreement to acquire Columbus Container, Inc. . Deal for $100 million . Packaging Corp Of America - expects to finance transaction with available cash on hand. . Acquisition will be accretive to earnings immediately. .Packaging Corp Of America-definitive agreement to acquire substantially all of assets of Columbus Container, Inc in a cash-free, debt-free transaction.  Full Article

Packaging Corp of America enters into amended, restated 5-yr credit agreement - SEC Filing
Thursday, 1 Sep 2016 

Packaging Corp of America : On August 29, company entered into amended, restated 5-year credit agreement with lenders and agents named therein - SEC Filing . Says amended credit agreement includes a new $385 million unsecured five-year term loan facility . Says amended credit agreement includes a existing $650 million unsecured seven-year term loan facility .Amended credit agreement includes $350 million unsecured revolving credit facility.  Full Article

Packaging Corp of America announces 15 pct dividend increase
Thursday, 1 Sep 2016 

Packaging Corp Of America : Announces 15 percent dividend increase . First quarterly dividend of $0.63 per share will be paid on October 14, 2016 .To increase quarterly cash dividend on its common stock to an annual payout of $2.52 per share from $2.20 per share.  Full Article

Packaging Corp of America Q2 EPS $1.23 excluding items
Thursday, 21 Jul 2016 

Packaging Corp Of America : Qtrly containerboard production was 926,000 tons . Qtrly containerboard inventory was flat compared to end of q1 of 2016 and end of q2 of 2015 . Packaging Corporation Of America reports second quarter 2016 results . Sees Q3 earnings per share $1.30 . Q2 sales $1.42 billion versus i/b/e/s view $1.46 billion . Q2 earnings per share $1.23 excluding items . Q2 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . On track to close acquisition of Timbar later in q3 . Looking ahead to q3, expect higher containerboard, corrugated products and white paper shipments .Q3 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.  Full Article

Packaging Corp of America to acquire Timbar Corp
Wednesday, 6 Jul 2016 

Packaging Corp Of America : Packaging Corporation Of America announces agreement to acquire Timbar Corporation . Transaction is structured as a purchase of assets resulting in a full step-up of assets to fair market value . To acquire 5 corrugated products plants, 2 fulfillment centers, 4 design centers located primarily in Eastern, Southeastern U.S . Expects to finance transaction with a new term loan. . Deal for $386 million . To acquire substantially all of assets of Timbar Corporation in a cash-free, debt-free transaction . Acquisition will be accretive to earnings immediately. .As result of deal, PCA's containerboard integration level is expected to increase 6% from its current level of 87%.  Full Article

BRIEF-Packaging Corp Of America Sees Q1 EPS Of $1.52

* PACKAGING CORPORATION OF AMERICA REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS