Trade Packaging Corp Of America - PKG CFD

Packaging of America Company profile

About Packaging Corp Of America

Packaging Corporation of America is a producer of containerboard products and uncoated freesheet papers in North America. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a variety of containerboard and corrugated packaging products. The Paper segment manufactures and sells a range of communication-based papers. The Company operates eight mills and 89 corrugated products manufacturing plants. Its containerboard mills produce linerboard and corrugating medium, which are papers primarily used in the production of corrugated products. Its corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with visual appeal, and honeycomb protective packaging. It also manufactures and sells uncoated freesheet papers, including both commodity and specialty papers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Packaging Corp Of America revenues increased 16% to $7.73B. Net income applicable to common stockholders increased 82% to $834.7M. Revenues reflect Packaging segment increase of 19% to $7.04B, Corporate and Other segment increase of 16% to $94.5M. Net income benefited from Packaging segment income increase of 57% to $1.31B, Paper segment income totaling $39.1M vs. loss of $20M.

Equity composition

Common Stock $.01 Par, 5/11, 300M auth., 101,939,815 issd., Insiders own 0.85%. IPO 1/27/00, 46,250,000 shares @ $12 by Goldman, Sachs & Co.