Packaging Corp Of America (PKG) Restructuring Costs (2016 - 2024)
Packaging Corp Of America (PKG) posted quarterly Restructuring Costs of $600000.0 for Q2 2024, up 133.33% year-over-year from $257142.9 in Q3 2023, and up 107.23% quarter-over-quarter from -$8.3 million in Q1 2024.
Packaging Corp Of America (PKG) Restructuring Costs (2016 - 2024) Analysis & Trends
Packaging Corp Of America (PKG) has reported Restructuring Costs for 8 consecutive years, with $600000.0 the latest figure, recorded in Q2 2024.
- In Q2 2024, Restructuring Costs rose 133.33% year-over-year to $600000.0; the TTM figure through Dec 2024 stood at -$7.7 million (down 541.67% YoY), while the FY2024 annual figure was $7.6 million, up 322.22% from the prior year.
- Restructuring Costs advanced to $600000.0 in Q2 2024 per PKG's latest filing, from -$8.3 million in the prior quarter.
- Across five years, Restructuring Costs topped out at $11.7 million in Q4 2022 and bottomed at -$8.3 million in Q1 2024.
- Historically, Restructuring Costs has averaged -$38461.5 across 4 years, with a median of -$400000.0 in 2022.
- Annual changes were most pronounced in 2023 — Restructuring Costs surged 175.0% — and 2024, when it tumbled 2866.67%.
- Packaging Corp Of America's Restructuring Costs stood at $6.7 million in 2021, then surged by 74.63% to $11.7 million in 2022, then plunged by 97.44% to $300000.0 in 2023, then surged by 100.0% to $600000.0 in 2024.
- Business Quant data shows PKG's Restructuring Costs at $600000.0 in Q2 2024, -$8.3 million in Q1 2024, and $300000.0 in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.18 Bn | 24.51 Bn | 1.40 Bn |
| 2 | Amcor | 22.16 Bn | 21.04 Bn | 1.34 Bn |
| 3 | Packaging Corp Of America | 22.12 Bn | 21.53 Bn | 512.50 Mn |
| 4 | International Paper | 21.39 Bn | 20.66 Bn | 1.66 Bn |
| 5 | Ball | 16.67 Bn | 16.00 Bn | 697.00 Mn |
| 6 | Avery Dennison | 13.95 Bn | 13.72 Bn | 729.40 Mn |
| 7 | Crown Holdings | 12.81 Bn | 12.16 Bn | 748.00 Mn |
| 8 | Sonoco Products | 5.80 Bn | 5.63 Bn | 392.38 Mn |
| 9 | Reynolds Consumer Products | 5.37 Bn | 5.31 Bn | 245.00 Mn |
| 10 | Silgan Holdings | 4.34 Bn | 3.99 Bn | 294.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 600,000.00 |
| Mar 31, 2024 | -8.30 Mn |
| Dec 31, 2023 | 300,000.00 |
| Jun 30, 2023 | -1.80 Mn |
| Mar 31, 2023 | 300,000.00 |
| Dec 31, 2022 | 11.70 Mn |
| Sep 30, 2022 | -2.70 Mn |
| Jun 30, 2022 | -1.70 Mn |
| Mar 31, 2022 | -400,000.00 |
| Dec 31, 2021 | 6.70 Mn |
| Sep 30, 2021 | -3.20 Mn |
| Jun 30, 2021 | -2.40 Mn |
| Mar 31, 2021 | 400,000.00 |
| Dec 31, 2019 | -400,000.00 |
| Jun 30, 2019 | 200,000.00 |
| Mar 31, 2019 | 400,000.00 |
| Dec 31, 2018 | 100,000.00 |
| Sep 30, 2018 | 100,000.00 |
| Jun 30, 2018 | 7.20 Mn |
| Mar 31, 2018 | 700,000.00 |