Packaging Corporation of America (PKG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the recent quarter increased compared to both the prior quarter and the same period last year. The company continues to generate strong operating cash flows and maintains a solid liquidity position.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the recent quarter increased compared to both the prior quarter and the same period last year. The company continues to generate strong operating cash flows and maintains a solid liquidity position.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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, 2023 | $1.9B | -8.9% |
| Dec 31, 2023 | $1.9B | -2.0% |
| Mar 31, 2024 | $2B | +0.2% |
| Jun 30, 2024 | $2.1B | +6.3% |
Revenue performance
The reported revenue growth reflects an upward trend in net sales. Operating income remained resilient, supported by stable demand.
Quarterly comparison
Revenue improved relative to the immediately preceding quarter, continuing a positive trajectory. Compared with the same quarter a year earlier, the top line also moved higher.
What to watch
Monitor the company's ability to sustain revenue growth amid evolving demand conditions and input cost trends.