Packaging Corporation of America (PKG) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the quarter, reflecting lower demand compared to both the prior quarter and the same period last year. The year-over-year drop was more pronounced than the sequential change.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the quarter, reflecting lower demand compared to both the prior quarter and the same period last year. The year-over-year drop was more pronounced than the sequential change.
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
-1.2%
Change from the immediately preceding quarter.
Year-over-year
-12.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$8B
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 |
|---|---|---|
| Sep 30, 2022 | $2.1B | +6.3% |
| Dec 31, 2022 | $2B | -3.2% |
| Mar 31, 2023 | $2B | -7.5% |
| Jun 30, 2023 | $2B | -12.7% |
Revenue performance
The company reported a decrease in net sales from the preceding three-month period, with a more substantial decline relative to the year-ago quarter. The sequential contraction was modest, while the annual comparison showed a sharper downturn.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was slightly lower, extending a trend of sequential declines. Versus the same quarter one year earlier, revenue fell markedly, highlighting a weaker operating environment.
What to watch
Monitor whether revenue stabilization or further decline materializes in upcoming quarters as demand conditions evolve.