PKG Packaging Corporation of America

company

SEC Filings & Insider Trading Activity 2026

Management Discussion & Analysis

• • Net sales $8,989M, up $606M (+7.2% YoY); Packaging segment drove growth at $8,294M (+$603M, +7.8%), Paper declined to $615M (-$9M, -1.5%)
• • Operating margin 12.3% vs 13.1% YoY (income from ops $1,107M vs $1,101M on higher sales); net income fell to $774M from $805M due to $151M special items vs $12M in 2024 and $38M higher net interest expense
• • Best segment: Packaging — operating income $1,125M (+$24M), EBITDA ex-special items $1,830M vs $1,598M; worst: Paper — operating income flat at $130M, EBITDA ex-special items declined to $148M from $154M
• • Operating cash flow $1,558M (+$367M YoY); capex $829M vs $670M; dividends $450M; buybacks $153M (0.8M shares); Greif acquisition consumed $1,804M, financed via $1,494M new debt including $500M 5.20% senior notes due 2035
• • Q1 2026 outlook: higher legacy corrugated volume YoY but sequentially lower; domestic prices higher with March price increase benefit; cost inflation across most inputs except fiber; Wallula reconfiguration savings begin late Q1; earnings expected below Q4 2025

Business Overview

• • Third-largest North American containerboard producer; integrated mill-to-box model serving ~12,000 customers across packaging and UFS paper segments
• • Acquired Greif's containerboard business Sept 2, 2025 for $1.8B cash; added 2 mills (~800,000 tons capacity) and 8 plants, lifting total capacity to ~5.8M tons (358 BSF)
• • Containerboard production rose to 5,154K tons in 2025 vs 5,046K tons in 2024; corrugated shipments up to 71.1 BSF from 66.9 BSF
• • Workforce reached ~16,800 employees post-Greif acquisition; new CFO appointed and two EVP roles restructured in February 2025
• • Wallula, WA mill's No. 2 machine and kraft pulping permanently shut down Q4 2025, partially offsetting capacity added via Greif deal

Risk Factors

• • ODP (formerly Office Depot) represents 58% of Paper segment sales and 4% of consolidated sales; agreement expires December 31, 2026
• • $4.0B debt outstanding with $1.0B at floating rates; $573M undrawn revolving credit facility as of December 31, 2025
• • Greif containerboard acquisition completed September 2, 2025; reliant on Seller transition services for accounting, IT, and purchasing during integration
• • EPA enacted more stringent particulate matter emissions standards, complicating air permit compliance and increasing operating/capital costs
• • Recycled fiber exposure rising post-Greif acquisition; $10/ton price increase equals ~$20M additional annual expense

What are the latest PKG SEC filings in 2026?

Packaging Corporation of America (PKG) has filed a 10-K annual report on February 26, 2026, a 10-Q quarterly report on May 8, 2026, an 8-K current report on July 23, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did PKG file its most recent 10-K annual report?

Packaging Corporation of America (PKG) filed its most recent 10-K annual report on February 26, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view PKG 10-Q quarterly reports?

Packaging Corporation of America (PKG)'s most recent 10-Q quarterly report was filed on May 8, 2026. SignalX displays every PKG 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has PKG filed recently?

Packaging Corporation of America (PKG)'s most recent 8-K was filed on July 23, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find PKG insider trading activity (Form 4)?

SignalX aggregates every PKG Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does PKG file with the SEC?

Packaging Corporation of America (PKG) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new PKG filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Packaging Corporation of America (PKG).

What is PKG's SEC CIK number?

Packaging Corporation of America (PKG)'s SEC CIK (Central Index Key) number is 75677. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 75677 to look up all PKG filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find PKG return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Packaging Corporation of America (PKG) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.