Exchange: NYSE·Updated 07:30 PM EDT
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PKG Packaging Corp Of America

$230.51
$0.57
(0.25%)
Today
Closed $230.51
$0.00
(0.00%)
After Hours
EarningsOct 21
Mkt Cap$20.49B
Vol459,527.00

About PKG

Packaging Corporation of America engages in the production of containerboard products and a producer of uncoated freesheet paper in North America. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, such as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.
50

Neutral Sentiment

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S&P Global Ratings upgraded Packaging Corp. of America to BBB+ from BBB on Wednesday, maintaining a stable outlook, citing the company’s ability to keep adjusted leverage below 2.0x despite its acquisition of Greif’s containerboard business. PCA completed the $1.8 billion Greif acquisition in September 2025, financing it with $1 billion in term loans, $300 million in cash and $500 million of unsecured notes. S&P expects PCA’s leverage to reach about 1.7x by year-end 2026 and decline to 1.4x in 2027. The company has announced three price increases in 2026, including its latest $140-per-ton increase effective Sept. 1, following previous increases of $50 and $70 per ton. S&P expects PCA to generate around $60 million in annual synergies from the Greif deal, with the benefits fully realized by the end of 2027. $PKG

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