The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $2.01 billion, up 3.1% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial ...

In December 2021, the company acquired all assets of Advanced Packaging Corporation in a cash-free transaction. PKG acquired a full-line 500,000-square-foot corrugated products facility located in Grand Rapids, MI. The deal supported Packaging Corp's focus on enhancing its containerboard portfolio through organic box volume growth and strategic box plant acquisitions. Following the buyout, PKG's containerboard integration increased almost 80,000 tons. This enhanced its mill capacity and box plant operations ...

Have you been paying attention to shares of Packaging Corp. (PKG) ? Shares have been on the move with the stock up 3.3% over the past month. The stock hit a new 52-week high of $191.39 in the previous session. Packaging Corp. has gained 16.5% since the start of the year compared to the 4.8% move for the Zacks Industrial Products sector and the 7.1% return for the Zacks Containers - Paper and Packaging industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, a ...

Packaging Corporation of America (PKG) has been gaining from strong growth in e-commerce activities that continue to support packaging demand. Stable demand for food, beverages, medication and other consumer products bodes well for the Packaging segment. However, higher labor costs and planned annual outages mills will dent its results in 2024. The fall in reported benchmark pricing that took place late in 2023, with export prices remaining relatively unchanged, will impact margins. Demand in E-Commerce to ...

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), is providing an update on the status of a management cease trade order (the "MCTO") application that was announced on April 16, 2024 (the "Announcement") with its principal regulator, the British Columbia Securities Commission, who issued the MCTO on May 1, 2024. The Company applied for the MCTO in order to secure additional time for the Company to f ...

Packaging Corporation of America (NYSE:PKG) Q1 2024 Earnings Call Transcript April 23, 2024 9:00 AM ET Mark Kowlzan - Chairman and CEO Tom Hassfurther - EVP, Corrugated Products Bob Mundy - CFO George Staphos - Bank of America Securities Nicco Piccini - Truist Mark Weintraub - Seaport Research Partners Gabe Hajde - Wells Fargo Anthony Pettinari - Citi Philip Ng - Jefferies LLC Ryan Fox - Bloomberg Good morning, everyone, and thank you for joining Packaging Corporation of America's First Quarter 2024 Earning ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 1-15399 (Exact Name of Registrant as Specified in its Charter) | Delaware | | --- | (State or Other Jurisdiction of Incorporation or Organization) 1 No ...

Operator Phil Ng Tom Hassfurther  Phil Ng Bob Mundy Phil Ng Bob Mundy Mark Kowlzan Mark Kowlzan – Chairman and Chief Executive Officer Tom Hassfurther – Executive Vice President-Corrugated Products Bob Mundy – Chief Financial Officer Operator Mark Kowlzan Yesterday, we reported fourth quarter 2023 net income of $189 million or $2.10 per share. Excluding special items, fourth quarter 2023 net income was $192 million or $2.13 per share, compared to the fourth quarter of 2022Â's net income of $215 million or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-15399 (Exact Name of Registrant as Specified in its Charter) Delaware 36-4277050 (State or Other Jurisdiction of (I.R.S. Employer Identif ...

Of course, e-com has continues to kind of take a little bit of a larger share of the corrugated business, and that looks very good. And in general, I mean, we're selling a lot of food and beverage and all sorts of other segments. And those segments either remain very steady or have look good going forward. And I think the best news is it's becoming more predictable now given the fact that we've gotten all of this inventory and destocking out of the way, and our customers are operating quite lean at the mome ...