April 24, 2024
Packaging Company of America (NYSE:PKG) This autumn 2023 Earnings Convention Name January 25, 2024 9:00 AM ET

Firm Contributors

Mark Kowlzan – Chairman and Chief Govt Officer

Tom Hassfurther – Govt Vice President-Corrugated Merchandise

Bob Mundy – Chief Monetary Officer

Convention Name Contributors

Mark Weintraub – Seaport Analysis Companions

Mike Roxland – Truist

Cashen Keeler – Financial institution of America Securities

Gabrial Hajde – Wells Fargo

Anthony Pettinari – Citi

Phil Ng – Jefferies

Charlie Muir-Sands – BNP Paribas

Richard Bourke – Bloomberg Intelligence

Operator

Thanks for becoming a member of Packaging Company of America’s Fourth Quarter and Full 12 months 2023 Earnings Outcomes Convention Name. Your host as we speak will likely be Mark Kowlzan, Chairman and Chief Govt Officer of PCA. Upon conclusion of his narrative, there will likely be a question-and-answer session.

I’d now like to show the ground over to Mr. Kowlzan. Please proceed if you find yourself prepared.

Mark Kowlzan

Thanks, Jamie. Good morning, everybody, and thanks all for collaborating in Packaging Company of America’s fourth quarter and full yr 2023 earnings launch convention name. Once more, I’m Mark Kowlzan, Chairman and CEO of PCA. And with me on the decision as we speak is Tom Hassfurther, Govt Vice President, who runs the Packaging enterprise; and Bob Mundy, our Chief Monetary Officer.

As normal, I’ll start the decision with an summary of the fourth quarter and full yr outcomes, after which I’ll be turning the decision over to Tom and Bob, who’ll present additional particulars. After they’re executed, I’ll wrap issues up, after which we’ll be glad to take questions.

Yesterday, we reported fourth quarter 2023 internet earnings of $189 million or $2.10 per share. Excluding particular gadgets, fourth quarter 2023 internet earnings was $192 million or $2.13 per share, in comparison with the fourth quarter of 2022’s internet earnings of $215 million or $2.35 per share. Fourth quarter internet gross sales had been $1.94 billion in 2023 and $1.98 billion