Packaging Corporation of America (PKG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the most recent quarter was essentially flat compared to the prior quarter and declined relative to the same quarter one year earlier. The pace of the annual decline lessened from earlier in the year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the most recent quarter was essentially flat compared to the prior quarter and declined relative to the same quarter one year earlier. The pace of the annual decline lessened from earlier in the year.
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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
-2.0%
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 |
|---|---|---|
| Mar 31, 2023 | $2B | -7.5% |
| Jun 30, 2023 | $2B | -12.7% |
| Sep 30, 2023 | $1.9B | -8.9% |
| Dec 31, 2023 | $1.9B | -2.0% |
Revenue performance
Revenue edged higher from the preceding quarter but remained below the prior year’s level.
Quarterly comparison
Sequentially, revenue was nearly unchanged. On a year-over-year basis, the decline narrowed compared to the trends observed in earlier quarters.
What to watch
The moderation in the annual decline may warrant monitoring in upcoming periods.