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Dec 31, 2019
PCA Q4 2019 Earnings Report
PCA reported Q4 2019 results with net sales of $1.7 billion and earnings per share of $1.43.
Key Takeaways
Packaging Corporation of America reported fourth quarter 2019 net income of $136 million, or $1.43 per share. Excluding special items, net income was $163 million, or $1.71 per share. Fourth quarter net sales were $1.7 billion.
Net income for Q4 2019 was $136 million, or $1.43 per share.
Excluding special items, net income for Q4 2019 was $163 million, or $1.71 per share.
Q4 net sales were $1.7 billion, consistent with 2018.
Total corrugated products shipments increased by 2.3% with one additional workday.
PCA
PCA
PCA Revenue by Segment
Revenue by Segment
Packaging Revenue
CapyFin.comPaper Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
The company expects first quarter earnings of $1.20 per share.
Challenges Ahead
- Lower prices in the Packaging segment due to domestic containerboard price decreases.
- Lower export prices.
- Lower containerboard volumes due to scheduled outages at three largest mills.
- Lower Paper segment volumes due to better than expected levels in Q4 and a scheduled outage at the Jackson Mill.
- Significantly higher scheduled outage costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income