PKG · 10-Q · 2026Q2 · Full report
Headcount / Restructuring
PACKAGING CORP OF AMERICA · 2026-08-07 · Importance 34 · Surprise 42 · Matches filing data
PCA recorded $59.7 million of Wallula mill restructuring charges during the first six months of 2026, including the announced discontinuation of the No. 2 machine and kraft pulping facilities at the Wallula, Washington mill. The restructuring generated $6.3 million of expense in the second quarter and $44.6 million of after-tax impact for the first six months. Corrugated-products facility closures and related items added $17.0 million of six-month charges, while the company also wrote off expenditures after deferring a specific carbon-capture initiative. Total first-half special-item expense was $83.4 million before tax, compared with $17.2 million of special-item income in the prior-year period.
Key facts
- For the three and six months ended June 30, 2026, PCA recorded $6.3 million and $59.7 million, respectively, of charges related to the announced discontinuation of the No. 2 machine and kraft pulping facilities at the Wallula, Washington mill. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -2.4% | For the three and six months ended June 30, 2026, PCA recorded $6.3 million and $59.7 million, respectively, of charges related to the… |