Edition:
United States

Packaging Corp of America (PKG.N)

PKG.N on New York Stock Exchange

87.22USD
13 Jan 2017
Change (% chg)

$0.34 (+0.39%)
Prev Close
$86.88
Open
$87.34
Day's High
$87.87
Day's Low
$86.65
Volume
153,251
Avg. Vol
211,086
52-wk High
$89.28
52-wk Low
$44.35

Latest Key Developments (Source: Significant Developments)

Packaging Corp Of America to acquire Columbus Container Inc
Tuesday, 11 Oct 2016 05:00pm EDT 

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 11:22am EDT 

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
Wednesday, 31 Aug 2016 05:00pm EDT 

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
Wednesday, 20 Jul 2016 05:20pm EDT 

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 09:00am EDT 

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

Packaging Corp of America announces additional $200 mln share repurchase authorization
Thursday, 25 Feb 2016 05:00pm EST 

Packaging Corp of America:Packaging corporation of America announces additional $200 million share repurchase authorization.Says completed repurchases under its previously-announced authorization earlier this month.  Full Article

Packaging Corp of America gives Q1 2016 EPS outlook
Monday, 25 Jan 2016 05:46pm EST 

Packaging Corp of America:Expect Q1 2016 earnings of $1.00 per share.  Full Article

Packaging Corp of America declares quarterly dividend
Tuesday, 15 Dec 2015 05:00pm EST 

Packaging Corp of America:Board has approved a regular quarterly dividend of $0.55 per share on its common stock.Quarterly dividend of $0.55 per share will be paid to shareholders of record date as of December 28 with a payment date of January 15, 2016.  Full Article

Packaging Corp of America approves regular quarterly dividend
Monday, 31 Aug 2015 05:38pm EDT 

Packaging Corp of America:Approves regular quarterly dividend of $0.55 per share.Payable to shareholders of record as of Sept. 15 with a payment date of Oct. 15.  Full Article

Packaging Corp of America announces additional $150 million share repurchase authorization
Tuesday, 21 Jul 2015 05:08pm EDT 

Packaging Corp of America:Says additional $150 million share repurchase authorization.Together with remaining authority under previously announced programs, co may repurchase about $205 million of additional shares.  Full Article