Packaging Corp of America Q3 2024 10-Q Filing
Ticker: PKG · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, packaging, debt, financials
TL;DR
**PKG Q3 10-Q OUT: Financials detailed, Senior Notes prominent. Check debt maturity.**
AI Summary
Packaging Corporation of America (PKG) filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational segments, including Paper and Packaging. Key financial instruments mentioned are various Senior Notes, such as the 4.05% Senior Notes due 2049 and 3.65% Senior Notes due 2024.
Why It Matters
This filing provides investors with a detailed look at Packaging Corporation of America's financial health and operational status for the third quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing contains details about various senior notes and their maturity dates, which can indicate financial leverage and potential refinancing risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-11-07 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 4.05% — Senior Notes Interest Rate (Represents the interest rate on a specific series of senior notes due in 2049.)
- 3.65% — Senior Notes Interest Rate (Represents the interest rate on a specific series of senior notes due in 2024.)
Key Players & Entities
- PACKAGING CORP OF AMERICA (company) — Filer
- 0000075677 (company) — Central Index Key
- 20240930 (date) — Period of Report
- 4.05% Senior Notes due December TwoThousandAndFourtyNine (dollar_amount) — Financial Instrument
- 3.65% Senior Notes due September TwoThousandAndTwentyFour (dollar_amount) — Financial Instrument
FAQ
What were the primary operating segments reported in this 10-Q?
The primary operating segments reported include 'Paper' and 'Packaging'.
When is the '3.65% Senior Notes due September TwoThousandAndTwentyFour' set to mature?
These notes are due in September 2024, as indicated by the filing.
What is the Central Index Key for Packaging Corporation of America?
The Central Index Key for Packaging Corporation of America is 0000075677.
What is the fiscal year end for Packaging Corporation of America?
The fiscal year end for Packaging Corporation of America is December 31.
What is the filing date of this 10-Q report?
This 10-Q report was filed on November 7, 2024.
From the Filing
0000950170-24-122936.txt : 20241107 0000950170-24-122936.hdr.sgml : 20241107 20241107110534 ACCESSION NUMBER: 0000950170-24-122936 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 91 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 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: 241433941 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-20240930.htm 10-Q 10-Q --12-31 false Q3 PACKAGING CORP OF AMERICA 0000075677 2024-09-15 2024-09-15 2027-12-15 2027-12-15 2029-12-15 2029-12-15 2033-12-15 2033-12-15 2049-12-15 2049-12-15 2051-10-15 2051-10-15 2024-09-15 P1Y 0000075677 pkg:FourPointZeroFiveSeniorNotesDueDecemberTwoThousandAndFourtyNineMember us-gaap:SeniorNotesMember 2023-01-01 2023-12-31 0000075677 us-gaap:SeniorNotesMember pkg:ThreePointSixFiveSeniorNotesDueSeptemberTwoThousandAndTwentyFourMember 2024-01-01 2024-09-30 0000075677 pkg:PackagingMember 2023-07-01 2023-09-30 0000075677 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0000075677 us-gaap:CommonStockMember 2024-06-30 0000075677 us-gaap:OperatingSegmentsMember pkg:PaperMember 2024-01-01 2024-09-30 0000075677 us-gaap:SeniorNotesMember pkg:ThreePointZeroPercentageSeniorNotesDueDecemberTwoThousandAndTwentyNineMember 2023-01-01 2023-12-31 0000075677 pkg:DeRidderLouisianaMember 2017-02-08 0000075677 us-gaap:SeniorNotesMember pkg:ThreePointZeroFiveSeniorNotesDueOctoberTwoThousandAndFiftyOneMember 2023-01-01 2023-12-31 0000075677 pkg:PackagingMember pkg:IntersegmentMember 2024-07-01 2024-09-30 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0000075677 us-gaap:CashAndCashEquivalentsMember 2023-01-01 2023-12-31 0000075677 us-gaap:RestrictedStockMember 2023-07-01 2023-09-30 0000075677 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2024-01-01 2024-09-30 0000075677 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2024-07-01 2024-09-30 0000075677 us-gaap:BuildingMember 2023-12-31 0000075677 srt:MinimumMember 2024-01-01 2024-09-30 0000075677 us-gaap:OperatingSegmentsMember 2023-01-01 2023-09-30 0000075677 us-gaap:RetainedEarningsMember 2023-07-01 2023-09-30 0000075677 pkg:PerformanceUnitsMember 2023-01-01 2023-09-30 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0000075677 us-gaap:FairValueInputsLevel2Member 2023-12-31 0000075677 2022-12-31 0000075677 us-gaap:BuildingMember 2024-09-30 0000075677 pkg:PerformanceUnitsMember 2024-01-01 2024-09-30 0000075677 us-gaap:CommonStockMember 2023-12-31 0000075677 2024-02-28 0000075677 pkg:CorrugatedProductsFacilitiesMember 2024-01-01 2024-09-30 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CertificatesOfDepositMember 2024-09-30 0000075677 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-09-30 0000075677 us-gaap:CustomerRelationshipsMember 2023-12-31 0000075677 pkg:PackagingMember pkg:IntersegmentMember 2023-01-01 2023-09-30 0000075677 pkg:PaperMember 2023-01-01 2023-09-30 0000075677 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-09-30 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember 2024-01-01 2024-09-30 0000075677 us-gaap:CorporateAndOtherMember pkg:IntersegmentMember 2024-07-01 2024-09-30 0000075677 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2024-09-30 0000075677 us-gaap:CoVenturerMember 2024-01-01 2024-09-30 0000075677 us-gaap:CoVenturerMember pkg:FiberMember 2024-07-01 2024-09-30 0000075677 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2024-01-01 20