Packaging Corp of America Q2 2024 10-Q Filing
Ticker: PKG · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, packaging
Related Tickers: PKG
TL;DR
**PKG Q2 10-Q filed. Financials and ops details out.**
AI Summary
Packaging Corporation of America (PKG) filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial data and disclosures related to their paperboard container and box manufacturing business are presented.
Why It Matters
This filing provides investors with crucial financial and operational insights into Packaging Corporation of America's performance, impacting investment decisions and market perception.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the nature of the paper and packaging industry can be subject to economic fluctuations.
Key Players & Entities
- PACKAGING CORP OF AMERICA (company) — Filer
- PKG (company) — Ticker Symbol
- 20240630 (date) — Reporting Period End Date
- 20240808 (date) — Filing Date
- 1 NORTH FIELD CT (location) — Business Address
- LAKE FOREST (location) — City
- IL (location) — State
- 60045 (location) — ZIP Code
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date is 20240808.
What is the primary business of Packaging Corporation of America?
The Standard Industrial Classification code [2650] indicates their business is Paperboard Containers & Boxes.
Where is Packaging Corporation of America headquartered?
Their business and mail address are listed as 1 NORTH FIELD CT, LAKE FOREST, IL 60045.
What is the SEC file number for Packaging Corporation of America?
The SEC File Number is 001-15399.
From the Filing
0000950170-24-093466.txt : 20240808 0000950170-24-093466.hdr.sgml : 20240808 20240808104139 ACCESSION NUMBER: 0000950170-24-093466 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 90 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 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: 241186729 BUSINESS ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 10-Q 1 pkg-20240630.htm 10-Q 10-Q false 0000075677 Q2 --12-31 PACKAGING CORP OF AMERICA P1Y 0000075677 pkg:PerformanceUnitsMember 2024-04-01 2024-06-30 0000075677 us-gaap:PensionPlansDefinedBenefitMember 2023-04-01 2023-06-30 0000075677 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2023-12-31 0000075677 2024-08-02 0000075677 us-gaap:CorporateDebtSecuritiesMember 2024-06-30 0000075677 pkg:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedges1Member us-gaap:ForeignExchangeContractMember 2023-12-31 0000075677 us-gaap:IntersegmentEliminationMember 2023-01-01 2023-06-30 0000075677 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2024-06-30 0000075677 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-01-01 2024-06-30 0000075677 us-gaap:PensionPlansDefinedBenefitMember 2023-01-01 2023-06-30 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0000075677 pkg:CorrugatedProductsFacilitiesMember pkg:JacksonAlabamaMillMember 2024-04-01 2024-06-30 0000075677 pkg:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedges1Member us-gaap:ForeignExchangeContractMember 2024-01-01 2024-06-30 0000075677 pkg:NetSalesRevenueGoodsMember pkg:OfficeDepotMember pkg:PaperMember us-gaap:CustomerConcentrationRiskMember 2023-01-01 2023-12-31 0000075677 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000075677 pkg:PackagingMember pkg:TradeMember 2023-01-01 2023-06-30 0000075677 us-gaap:MachineryAndEquipmentMember 2024-06-30 0000075677 us-gaap:FairValueInputsLevel1Member 2023-01-01 2023-12-31 0000075677 pkg:DeRidderLouisianaMember 2024-04-01 2024-04-30 0000075677 us-gaap:CustomerRelationshipsMember 2024-06-30 0000075677 pkg:PaperMember us-gaap:OperatingSegmentsMember 2023-04-01 2023-06-30 0000075677 us-gaap:ConstructionInProgressMember 2024-06-30 0000075677 us-gaap:BankTimeDepositsMember 2024-06-30 0000075677 us-gaap:SubsequentEventMember 2024-07-15 2024-07-15 0000075677 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2023-01-01 2023-12-31 0000075677 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0000075677 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2023-04-01 2023-06-30 0000075677 pkg:PaperMember pkg:TradeMember 2023-01-01 2023-06-30 0000075677 2024-05-08 2024-05-08 0000075677 pkg:CorrugatedProductsFacilitiesAndDesignCentresMember 2023-04-01 2023-06-30 0000075677 pkg:JacksonAlabamaMillMember 2023-04-01 2023-06-30 0000075677 pkg:PerformanceUnitsMember 2023-04-01 2023-06-30 0000075677 us-gaap:OtherIntangibleAssetsMember 2024-06-30 0000075677 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0000075677 pkg:PerformanceUnitsMember 2023-12-31 0000075677 pkg:DeRidderLouisianaMember 2022-07-01 2022-09-30 0000075677 us-gaap:RestrictedStockMember 2024-06-30 0000075677 2023-01-01 2023-12-31 0000075677 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2023-12-31 0000075677 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0000075677 pkg:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedges1Member pkg:MarketableDebtSecuritiesMember 2024-06-30 000007567