PKG · 10-Q · 2026Q3

PACKAGING CORP OF AMERICA

Filed 2026-11-05 · Other · View original filing on EDGAR

Everything PKG's SEC filings said, ranked

Ranked Events

• Headcount / RestructuringImportance 77 · Surprise 82
  PCA recorded $96 million of special-item expense in the first nine months of 2026, compared with $9 million in the same 2025 period. The 2026 charges included $60 million for discontinuing the No. 2 machine and kraft…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  PCA completed its $1.8 billion cash acquisition of Greif’s containerboard business on September 2, 2025; the acquired operations include two mills with approximately 800,000 tons of annual capacity and eight sheet…
• Interest Expense IncreaseImportance 63 · Surprise 64
  Net interest expense increased $53 million to $98.3 million in the first nine months of 2026 from $45.2 million in the same period of 2025. In the third quarter, interest expense increased $13 million to $32.3 million…
• Capital ExpendituresImportance 60 · Surprise 24
  PCA expects 2026 capital investments of $865 million to $890 million. The company estimates approximately $21 million of 2026 capital expenditures to comply with environmental regulations. Management notes that total…
• Revenue Performance and MixImportance 54 · Surprise 40
  Net sales for the third quarter of 2026 increased 12.5% year over year to $2,602 million, while nine-month sales rose 12.6% to $7,459 million. Packaging sales rose 13.4% to $2,414 million in the quarter, reflecting…
• Product Pricing and MixImportance 48 · Surprise 40
  Reported North American containerboard prices rose by a net $20 per ton for linerboard and corrugating medium in the first quarter of 2026, followed by another $80 per ton increase in the second quarter. In September,…
• Operating Margin DriversImportance 41 · Surprise 48
  Third-quarter gross profit increased $100 million year over year, driven principally by Packaging price and mix, the Greif contribution, and favorable legacy Packaging volume; higher freight, labor and operating…
• Guidance / OutlookImportance 40 · Surprise 42
  For the fourth quarter of 2026, management expects solid corrugated-products demand with seasonal improvement and total shipments above the third quarter, while shipments per day are expected to be around the…
• Liquidity and Cash PositionImportance 36 · Surprise 14
  At September 30, 2026, PCA held $535 million of cash and cash equivalents and $227 million of marketable debt securities and other. The company also had $573 million of unused borrowing capacity under its revolving…
• Capital Return ProgramImportance 33 · Surprise 50
  PCA paid $357 million in dividends during the first nine months of 2026, up from $337 million in the comparable 2025 period. The company repurchased and retired 0.3 million common shares for $59 million during the…
• ESG and sustainabilityImportance 25 · Surprise 42
  During the three and nine months ended September 30, 2026, PCA recorded charges that included write-offs of expenditures related to sustainability and renewable-energy projects. The write-offs followed the company’s…
• Market Demand TrendsImportance 25 · Surprise 32
  North American industry-wide corrugated products shipments declined 1.6% both in total and per workday in the third quarter of 2026 year over year, while PCA’s total corrugated shipments rose 10.6% per day and in…

Revenue by Product (in millions)