Packaging Corp of America Q1 2025 10-Q Filing
Ticker: PKG · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, packaging
Related Tickers: PKG
TL;DR
**PKG Q1 2025 10-Q: Financials updated, cash flow hedges and construction in progress detailed.**
AI Summary
Packaging Corporation of America (PKG) filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial instruments and liabilities, including those related to cash flow hedges and construction in progress, are disclosed. The company's business address is 1 North Field Ct, Lake Forest, IL 60045.
Why It Matters
This filing provides investors with a quarterly update on Packaging Corporation of America's financial health and operational status, crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the complexity of financial instruments and potential for market fluctuations introduce medium risk.
Key Numbers
- 20250331 — Period End Date (This is the end date for the reporting period covered by the 10-Q filing.)
- 20250508 — Filing Date (This is the date the 10-Q filing was submitted to the SEC.)
Key Players & Entities
- PACKAGING CORP OF AMERICA (company) — Filer
- 0000075677 (company) — Central Index Key
- 1 NORTH FIELD CT (company) — Business Address Street 1
- LAKE FOREST (company) — Business Address City
- IL (company) — Business Address State
- 60045 (company) — Business Address ZIP
- 8474823000 (company) — Business Phone
- 20250331 (date) — Conformed Period of Report
- 20250508 (date) — Filed as of Date
FAQ
What is the primary business of Packaging Corporation of America?
Packaging Corporation of America is primarily involved in the manufacturing of paperboard containers and boxes, as indicated by its SIC code [2650].
What is the fiscal year end for Packaging Corporation of America?
The fiscal year end for Packaging Corporation of America is December 31 (1231).
What types of financial instruments are mentioned in relation to fair value inputs?
The filing mentions fair value inputs for Level 1 and Level 2, including Money Market Funds, US Government Agencies Debt Securities, and Corporate and Other debt securities.
What specific liabilities are mentioned in the filing?
The filing mentions Accrued Liabilities and Accumulated Net Gain/Loss from Designated or Qualifying Cash Flow Hedges related to Foreign Exchange Contracts.
Is there any mention of customer concentration risk?
Yes, the filing mentions 'us-gaap:CustomerConcentrationRiskMember' in the context of Net Sales Revenue Goods for the period of January 1, 2025, to March 31, 2025.
From the Filing
0000950170-25-066593.txt : 20250508 0000950170-25-066593.hdr.sgml : 20250508 20250508121153 ACCESSION NUMBER: 0000950170-25-066593 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 89 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 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 EIN: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 25924878 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-20250331.htm 10-Q 10-Q Q1 false PACKAGING CORP OF AMERICA 0000075677 --12-31 P1Y 0000075677 pkg:PaperMember 2024-01-01 2024-03-31 0000075677 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2024-12-31 0000075677 pkg:PaperMember pkg:TradeMember 2024-01-01 2024-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-03-31 0000075677 us-gaap:CorporateAndOtherMember 2025-01-01 2025-03-31 0000075677 pkg:PerformanceUnitsMember 2025-03-31 0000075677 us-gaap:CommonStockMember 2024-03-31 0000075677 us-gaap:FairValueInputsLevel2Member 2025-01-01 2025-03-31 0000075677 pkg:PaperMember pkg:IntersegmentMember 2024-01-01 2024-03-31 0000075677 pkg:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedges1Member us-gaap:ForeignExchangeContractMember 2024-12-31 0000075677 us-gaap:OtherCapitalizedPropertyPlantAndEquipmentMember 2025-03-31 0000075677 us-gaap:ConstructionInProgressMember 2024-12-31 0000075677 pkg:NetSalesRevenueGoodsMember pkg:OfficeDepotMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-03-31 0000075677 us-gaap:AccruedLiabilitiesMember pkg:DeRidderLouisianaMember 2024-12-31 0000075677 us-gaap:CargoAndFreightMember pkg:PaperMember 2025-01-01 2025-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CertificatesOfDepositMember 2025-03-31 0000075677 us-gaap:FairValueInputsLevel2Member 2024-12-31 0000075677 us-gaap:ConstructionInProgressMember 2025-03-31 0000075677 pkg:VariableCostsMember pkg:PackagingMember 2025-01-01 2025-03-31 0000075677 2024-10-01 2024-12-31 0000075677 2025-01-01 2025-03-31 0000075677 2025-05-02 0000075677 us-gaap:USTreasurySecuritiesMember 2024-12-31 0000075677 pkg:PackagingMember 2025-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CertificatesOfDepositMember 2024-01-01 2024-12-31 0000075677 us-gaap:CorporateAndOtherMember 2025-03-31 0000075677 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2025-03-31 0000075677 pkg:PackagingMember pkg:TradeMember 2024-01-01 2024-03-31 0000075677 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2024-12-31 0000075677 us-gaap:OperatingSegmentsMember pkg:IntersegmentMember 2024-01-01 2024-03-31 0000075677 2024-03-31 0000075677 us-gaap:OperatingSegmentsMember 2025-01-01 2025-03-31 0000075677 pkg:PackagingMember 2025-01-01 2025-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-01-01 2025-03-31 0000075677 pkg:FixedCostsMember us-gaap:CorporateAndOtherMember 2025-01-01 2025-03-31 0000075677 pkg:PaperMember 2025-01-01 2025-03-31 0000075677 us-gaap:CoVenturerMember pkg:FiberMember 2024-01-01 2024-03-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember 2025-01-01 2025-03-31 0000075677 pkg:FixedCostsMember pkg:PaperMember 2024-01-01 2024-03-31 0000075677 us-gaap:MachineryAndEquipmentMember 2025-03-31 0000075677 us-gaap:RetainedEarningsMember 2023-12-31 0000075677 us-gaap:USTreasurySecuritiesMember 2025-03-31 0000075677 us-gaap:CashAndCashEquivalentsMember 2024-01-01 2024-12-31 0000075677 us-gaap:AdditionalPaidInCapitalMemb