Short answer
Packaging Corporation of America (PKG) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $8.4B (+7.4% year over year) and net income of $805M.
- Top risk flagged: Regulatory risk related to compliance with Private Securities Litigation Reform Act of 1995 affecting disclosure and forward-looking statements
FY2024 key financial metrics · XBRL
- Revenue
- $8.4B
- +7.4% YoY
- Net income
- $805M
- +5.2% YoY
- Operating margin
- 13.1%
- −0.6 pp YoY
- Gross margin
- 21.3%
- −0.5 pp YoY
- EPS (diluted)
- $8.93
- +5.3% YoY
- ROE
- 18.3%
- −0.9 pp YoY
- Operating cash flow
- $1.2B
- −9.4% YoY
Source: XBRL data from the Packaging Corporation of America (PKG) FY2024 10-K on SEC EDGAR. USD.
Packaging Corporation of America FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model centered on manufacturing and selling containerboard and corrugated packaging products
- No new products, services, or segments introduced or emphasized in 2025 filing
- Continued emphasis on corporate governance with insider trading policy updates, including blackout period restrictions for officers and directors
- Equity compensation plan authorizes issuance of 2,753,954 shares for future employee incentives as of December 31, 2024
- Adoption of a clawback policy as of December 1, 2023, disclosed for the first time in this filing year
Management Discussion & Analysis
- Revenue $8,383M, up 7.4% YoY from $7,802M; Packaging segment up $555M (7.8%), Paper segment up $29M (4.9%)
- Gross profit increased $84M; includes $3M special items vs $15M in 2023; impact of higher volumes and higher costs blended
- Packaging best performer: $7,691M revenue with 16.1% containerboard shipment increase; Paper worst: $625M revenue with lower prices offsetting volume gains
- SG&A expenses up $29M due to higher employee-related and bad debt expenses
- Other expense net $71.5M in 2024 vs $42.9M in 2023; includes litigation and asset write-offs; no specific forward-looking guidance provided
Risk Factors
- Regulatory risk related to compliance with Private Securities Litigation Reform Act of 1995 affecting disclosure and forward-looking statements
- Geopolitical risk from macroeconomic uncertainty impacting liquidity and earnings expectations for fiscal year 2025
- Operational risk of achieving environmental, social, and governance (ESG) goals amid evolving regulations and market pressures
- Competitive risk from packaging industry peers influencing market share and price competition in fiber-based products
- Financial risk due to uncertainties in future liquidity and expenditures affecting overall financial condition and results
Generated from the filing text; verify against the original. How to read a 10-K
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