Packaging
Price
$238.20
+0.11%Market Cap
$21.22B
Day High
$239.83
Day Low
$234.93
PKG (Packaging Corporation of America) reported Q1 2026 revenue of $2.37B (+10.6% YoY), but profitability declined sharply with net income falling 16.1% to $170.9M as cost pressures and higher SG&A outpaced top-line growth, while long-term debt surged 60.3% to $3.97B.
Key risk: Elevated Leverage Following Debt-Funded Expansion
Long-term debt increased 60.3% YoY to approximately $3.97B, significantly raising PKG's financial leverage. Higher interest expense associated with this debt load will weigh on future net income and reduces financial flexibility if business conditions deteriorate. The current debt-to-equity implied ratio is substantial relative to stockholders' equity of $4.59B.
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