Packaging Corporation of America (PKG) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined year over year and also decreased slightly compared to the prior quarter. The trend of lower revenue continued as the company faced ongoing headwinds.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined year over year and also decreased slightly compared to the prior quarter. The trend of lower revenue continued as the company faced ongoing headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.8%
Change from the immediately preceding quarter.
Year-over-year
-8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
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 |
|---|---|---|
| Dec 31, 2022 | $2B | -3.2% |
| Mar 31, 2023 | $2B | -7.5% |
| Jun 30, 2023 | $2B | -12.7% |
| Sep 30, 2023 | $1.9B | -8.9% |
Revenue performance
Net sales for the quarter were lower than the same period last year, reflecting a challenging operating environment.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell marginally. Relative to the same quarter one year earlier, the decline was more pronounced.
What to watch
Monitor whether the downward revenue trend stabilizes in upcoming quarters.