Stock Monitor: Crown Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free earnings report on Packaging Corp. of America (NYSE: PKG) ("PCA"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PKG. PCA reported financial results on January 30, 2018, for the quarter ended and full year ended December 31, 2017. The Company's Q4 FY17 financial results were better than expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Crown Holdings, Inc. (NYSE: CCK), which also belongs to the Consumer Goods sector as the Company Packaging Corp. of America. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CCK

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Packaging Corp. of America most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PKG

Earnings Highlights and Summary

PCA's total revenues for the fourth quarter of 2017 (Q4 FY17) reached $1.68 billion, up 14.1% from $1.48 billion in Q4 FY16. The Company's reported numbers exceeded analysts' consensus estimates of $1.62 billion.

PCA's income from operations increased to $252 million in Q4 FY17 from $192.9 million in Q4 FY16. The Company's net income for the reported quarter was $268.9 million, which is 143.13% higher than net income of $110.6 million in the same period last year. Diluted EPS also rose to $2.84 per share for the reported quarter compared to $1.17 per share in the year earlier same quarter, reflecting a change of approximately 142.73%.

PCA's reported quarter results included, various tax-related items resulting from the Tax Cut and Jobs Act that were signed on December 22, 2017. Net income after adjusting for non-recurring items for was $147.1 million, or $1.56 per share, for Q4 FY17 compared to $116.1 million, or $1.23 per share, for Q4 FY16. The increase in adjusted earnings was attributed to higher prices and volumes in the packaging segment and final insurance recovery from the DeRidder Mill's incident. The Company's adjusted EPS was higher than analysts' consensus estimates of $1.51 per share.

For the year ending December 31, 2017, PCA's total revenues were $6.44 billion, up 11.42% from $5.78 billion in FY16. PKG's net income in FY17 increased 48.71% to $668.6 million, or $7.07 per share, from $449.6 million, or $4.75 per share, in FY16. EPS for full year 2017, excluding special items was $6.02, versus $4.88 per share in FY16.

Packaging Corp. of America's Segment Details

During Q4 2017, the Packaging segment sales jumped 16.75% to $1.34 billion on a y-o-y basis, driven primarily by an increasing demand for containerboards and corrugated products. Packaging segment's income for the quarter ending December 31, 2017, was $266.9 million, 50.37% higher than $177.5 million for the same period last year. The segment's income (excluding special items) was $257.1 million for Q4 FY17 compared to $168.5 million in Q4 FY16.

For Q4 FY17, the Paper segment's net sales advanced 5.4% to $267.5 million on a y-o-y basis. In this quarter, the segment's income decreased 89.73% to $3.4 million in Q4 FY17 from $33.1 million in Q4 FY16. Its income (excluding special items) declined 67.88% to $11.5 million in this quarter from $35.8 million in the same period last year. The decrease in results was due to the scheduled outages at two of PCA's three paper mills in Q4 FY17 compared no outages in Q4 FY16.

During Q4 FY17, PCA's Corporate and other segment reported sales of $19.5 million, a y-o-y decline of 24.71%. It reported a loss of $18.3 million in Q4 FY17, 3.39% higher than the loss of $17.7 million in Q4 FY16. The segment's loss (excluding special items) in Q4 FY17 decreased to $17.3 million from $17.7 million for the same period in 2016.

Cash Matters

PCA had cash and cash equivalents were $216.9 million as on December 31, 2017, compared to $239.3 million as on December 31, 2016.

Outlook

In the first quarter of 2018 (Q1 FY18), PCA is forecasting demand to remain strong for the overall packaging segment but containerboard volumes to decrease due to scheduled outages at three mills. For the paper segment, the Company expects a lower volume as a result of the price increases.

PCA envisions inflation across cost base, higher freight costs, higher labor and benefits costs with annual wage increases, and other timing-related expenses, in addition to higher depreciation and interest expense. It also expects an increase in wood and energy costs due to seasonally colder weather along with elevated prices for certain key chemicals. On these basis, PCA anticipates earnings (excluding special items) of $1.52 per share for Q1 FY18.

Stock Performance Snapshot

February 09, 2018 - At Friday's closing bell, Packaging Corp. of America's stock climbed 1.62%, ending the trading session at $113.76.

Volume traded for the day: 830.05 thousand shares, which was above the 3-month average volume of 786.05 thousand shares.

Stock performance in the last three-month ? up 2.11%; previous six-month period ? up 5.99%; and past twelve-month period ? up 21.34%

After last Friday's close, Packaging Corp. of America's market cap was at $10.65 billion.

Price to Earnings (P/E) ratio was 16.08.

The stock has a dividend yield of 2.22%.

The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry. This sector was up 0.5% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors