Packaging Corporation of America (PKG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the first quarter declined compared to the same period last year and was nearly unchanged from the immediately preceding quarter. This marks a continuation of the softening trend seen in the most recent quarter of the prior year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the first quarter declined compared to the same period last year and was nearly unchanged from the immediately preceding quarter. This marks a continuation of the softening trend seen in the most recent quarter of the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-0.1%
Change from the immediately preceding quarter.
Year-over-year
-7.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.2B | +19.0% |
| Sep 30, 2022 | $2.1B | +6.3% |
| Dec 31, 2022 | $2B | -3.2% |
| Mar 31, 2023 | $2B | -7.5% |
Revenue performance
The reported revenue decreased on a year-over-year basis for the first time in several quarters, while remaining essentially stable on a sequential basis.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was virtually unchanged. Compared with the same quarter one year earlier, revenue was lower.
What to watch
Future revenue trends will be closely monitored for signs of further softening or stabilization.