10-K - PACKAGING CORP OF AMERICA (0000075677) (Filer)

Thu, Feb 27, 4:44 PM (58 days ago)

**Packaging Corporation of America (PKG) 10-K Summary for FY 2024** For the fiscal year ended December 31, 2024, Packaging Corporation of America (PKG) reported total revenues of $8,383 million, a 7.4% increase from $7,802 million in 2023. Net income rose to $805 million ($8.93 per share) from $765 million ($8.48 per share) the previous year. The Packaging segment generated operating income of $1,102 million, while the Paper segment contributed $130 million. The company experienced higher volumes in both segments, although lower prices impacted revenue. Operating expenses increased due to inflation and higher outage costs. PCA's liquidity stood at $1,175 million, with $852 million in cash and marketable securities. The company maintained a strong market position, being the third-largest producer of containerboard in North America. Future outlook signals increased corrugated product volumes and higher domestic prices, although inflationary pressures persist. Key risks include economic conditions, competition, and reliance on major customers like ODP Corporation, which accounted for 4% of total sales. PCA's commitment to sustainability and environmental compliance remains a priority, with ongoing investments in efficiency and emissions reduction. Overall, PCA's financial condition appears robust, with strategic investments expected to bolster performance amid market challenges.