Packaging Corp of America Q1 2024 10-Q Filing
Ticker: PKG · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, packaging
Related Tickers: PKG
TL;DR
PKG's Q1 2024 10-Q is in. Financials and segment data are live.
AI Summary
Packaging Corporation of America (PKG) filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial data and segment information are presented, reflecting the company's ongoing business activities in the paper and packaging industry.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational details for Packaging Corporation of America, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2023-01-01 to 2023-12-31 — Full Year 2023 (Reporting Period for certain financial data)
- 2024-01-01 to 2024-03-31 — Q1 2024 (Reporting Period for current quarter)
- 2023-01-01 to 2023-03-31 — Q1 2023 (Comparative Period)
Key Players & Entities
- PACKAGING CORP OF AMERICA (company) — Filer
- 0000075677 (company) — Central Index Key
- 20240331 (date) — Period of Report
- 20240508 (date) — Filing Date
- Office Depot (company) — Customer Concentration Risk
FAQ
What was the reporting period for this 10-Q filing?
The Conformed Period of Report was March 31, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on May 8, 2024.
What is the Standard Industrial Classification for Packaging Corporation of America?
The SIC code is 2650, for PAPERBOARD CONTAINERS & BOXES.
Does the filing mention any specific customers related to customer concentration risk?
Yes, the filing mentions 'Office Depot' in the context of customer concentration risk for both the Paper and Net Sales Revenue Goods segments.
What fiscal year end does Packaging Corporation of America observe?
The company's fiscal year ends on December 31.
From the Filing
0000950170-24-055165.txt : 20240508 0000950170-24-055165.hdr.sgml : 20240508 20240508100952 ACCESSION NUMBER: 0000950170-24-055165 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 92 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACKAGING CORP OF AMERICA CENTRAL INDEX KEY: 0000075677 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 24924623 BUSINESS ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 10-Q 1 pkg-20240331.htm 10-Q 10-Q 0000075677 PACKAGING CORP OF AMERICA --12-31 Q1 false P1Y 0000075677 us-gaap:CashAndCashEquivalentsMember 2023-01-01 2023-12-31 0000075677 pkg:PackagingCorporationOfAmericaMember 2024-01-01 2024-03-31 0000075677 us-gaap:OtherIntangibleAssetsMember 2024-03-31 0000075677 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueSegmentMember pkg:PaperMember pkg:OfficeDepotMember 2023-01-01 2023-03-31 0000075677 us-gaap:CorporateDebtSecuritiesMember 2023-12-31 0000075677 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000075677 us-gaap:MaterialReconcilingItemsMember 2023-01-01 2023-03-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember 2023-01-01 2023-03-31 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000075677 us-gaap:CustomerConcentrationRiskMember pkg:NetSalesRevenueGoodsMember pkg:OfficeDepotMember 2024-01-01 2024-03-31 0000075677 pkg:PackagingMember 2024-01-01 2024-03-31 0000075677 2024-01-01 2024-03-31 0000075677 2020-05-05 0000075677 srt:MaximumMember 2024-03-31 0000075677 us-gaap:RetainedEarningsMember 2023-03-31 0000075677 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000075677 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0000075677 pkg:FiberMember us-gaap:CoVenturerMember 2023-01-01 2023-03-31 0000075677 us-gaap:ForeignExchangeContractMember pkg:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedges1Member 2024-01-01 2024-03-31 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000075677 pkg:PaperMember pkg:TradeMember 2024-01-01 2024-03-31 0000075677 us-gaap:CommonStockMember 2023-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CertificatesOfDepositMember 2023-12-31 0000075677 us-gaap:OperatingSegmentsMember 2024-01-01 2024-03-31 0000075677 pkg:PaperMember 2023-01-01 2023-03-31 0000075677 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2024-03-31 0000075677 us-gaap:FairValueInputsLevel2Member 2023-01-01 2023-12-31 0000075677 us-gaap:CashAndCashEquivalentsMember 2024-01-01 2024-03-31 0000075677 2023-12-31 0000075677 pkg:PerformanceUnitsMember 2024-03-31 0000075677 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2024-01-01 2024-03-31 0000075677 2024-03-31 0000075677 us-gaap:FairValueInputsLevel2Member 2024-01-01 2024-03-31 0000075677 us-gaap:CommonStockMember 2022-12-31 0000075677 us-gaap:CustomerConcentrationRiskMember pkg:PaperMember pkg:NetSalesRevenueGoodsMember pkg:OfficeDepotMember 2023-01-01 2023-12-31 0000075677 pkg:PackagingMember pkg:IntersegmentMember 2023-01-01 2023-03-31 0000075677 pkg:PackagingMember pkg:IntersegmentMember 2024-01-01 2024-03-31 0000075677 pkg:DeRidderLouisianaMember 2022-07-01 2022-09-30 0000075677 us-gaap:RetainedEarningsMember 2024-03-31 0000075677 us-gaap:IntersegmentEliminationMember 2023-01-01 2023-03-31 0000075677 us-gaap:LandAndLandImprovementsMember 2024-03-31 0000075677 us-gaap:CashAndCashEquivalentsMember 2024-03-31 0000075677 us-gaap:CorporateAndOtherMember pkg:IntersegmentMember 2023-01-01 2023-03-31 0000075677 2022-01-26 0000075677 us-gaap:PensionPlansDe