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Packaging Corp of America (PKG)

PKG on New York Consolidated

102.18USD
26 May 2017
Change (% chg)

$0.21 (+0.21%)
Prev Close
$101.97
Open
$101.98
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$102.42
Day's Low
$101.41
Volume
331,893
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807,961
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$103.17
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$62.41

Latest Key Developments (Source: Significant Developments)

Packaging Corp of America sets quarterly dividend of $0.63/shr
Wednesday, 17 May 2017 05:00pm EDT 

May 17 (Reuters) - Packaging Corp of America :Sets regular quarterly dividend of $0.63 per share.  Full Article

Packaging Corporation Of America Q1 sales $1.5 bln
Wednesday, 26 Apr 2017 05:13pm EDT 

April 26 (Reuters) - Packaging Corp Of America ::Packaging Corporation Of America reports first quarter 2017 results.Sees q2 earnings per share $1.45.Q1 sales $1.5 billion.Packaging Corp Of America qtrly earnings per share $1.24.Packaging Corp Of America qtrly diluted EPS excluding special items $1.27.Packaging Corp Of America qtrly containerboard production 932,000 tons, containerboard inventory was down 16,000 tons versus year end 2016.Q1 earnings per share view $1.23, revenue view $1.48 billion -- Thomson Reuters I/B/E/S.Packaging Corp Of America-current estimate of total property damage, business interruption losses due to deridder mill incident is between $20 million-$25 million.Q2 revenue view $1.53 billion -- Thomson Reuters I/B/E/S.Estimated impact of deridder mill incident to q1 earnings, excluding capital costs, is $15 million.  Full Article

Packaging Corp Of America says explosion at Deridder mill kills three contractors
Wednesday, 8 Feb 2017 07:41pm EST 

Packaging Corp Of America : At approximately 11:10 am CST, wednesday, February 8(th), there was an explosion at Deridder, LA paper mill . Says cause of incident is under investigation . Incident involved annual repair work being performed on piping in pulp mill area and resulted in three contractor fatalities . Current assessment indicates annual outage work is expected to be delayed by up to one week, mill will then resume full operation .At time of incident, d1 machine was down for its annual outage and d3 machine was running and continues to operate.  Full Article

Packaging Corp Of America says explosion at Deridder mill kills three contractors
Wednesday, 8 Feb 2017 06:45pm EST 

Packaging Corp Of America : At approximately 11:10 am CST, wednesday, February 8(th), there was an explosion at Deridder, LA paper mill . Says cause of incident is under investigation . Incident involved annual repair work being performed on piping in pulp mill area and resulted in three contractor fatalities . Current assessment indicates annual outage work is expected to be delayed by up to one week, mill will then resume full operation .At time of incident, d1 machine was down for its annual outage and d3 machine was running and continues to operate.  Full Article

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

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BRIEF-Packaging Corp of America sets quarterly dividend of $0.63/shr

* Sets regular quarterly dividend of $0.63 per share Source text for Eikon: Further company coverage: