Packaging Corporation of America (PKG) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter, rising compared to both the preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter, rising compared to both the preceding quarter and the same quarter one year earlier.
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
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
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 |
|---|---|---|
| Jun 30, 2023 | $2B | -12.7% |
| Sep 30, 2023 | $1.9B | -8.9% |
| Dec 31, 2023 | $1.9B | -2.0% |
| Mar 31, 2024 | $2B | +0.2% |
Revenue performance
The sequential growth reversed a pattern of declines seen in recent quarters, while the year-over-year gain was minimal.
Quarterly comparison
Revenue was slightly higher than the immediately preceding quarter and marginally above the same quarter a year ago.
What to watch
Given the modest growth rates, future revenue stability will be an area to monitor.