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Dec 31, 2024
PCA Q4 2024 Earnings Report
PCA reported Q4 2024 results with net sales of $2.1 billion and net income of $221 million.
Key Takeaways
Packaging Corporation of America (PCA) reported strong fourth-quarter results for 2024, driven by robust demand in the Packaging segment. Record fourth-quarter total shipments and all-time record shipments per day were achieved. The company's corrugated products plants and mill containerboard system delivered exceptional performance, contributing to higher earnings.
PCA reported Q4 2024 net income of $221 million, or $2.45 per share.
Q4 net sales reached $2.1 billion, compared to $1.9 billion in 2023.
The Packaging segment experienced strong demand with record shipments.
The Paper segment saw volume and price/mix above last year’s levels.
PCA
PCA
PCA Revenue by Segment
Revenue by Segment
Packaging Revenue
CapyFin.comPaper Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
PCA anticipates first quarter earnings of $2.21 per share, excluding special items. The Packaging segment is expected to set new first-quarter records for total shipments and shipments-per-day, while the Paper segment forecasts slightly lower volume.
Positive Outlook
- Packaging segment expects record shipments.
- Higher domestic prices in the Packaging segment.
- Stable export prices.
- Lower scheduled outage expenses.
- Lower corporate tax rate is assumed.
Challenges Ahead
- Seasonally slower volume expected.
- Price inflation across most operating costs.
- Increased wood, energy, and chemical costs.
- Higher labor and benefits costs.
- Rail rate increases impacting freight expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income