Packaging Corporation of America stock faces Ohio plant closure
Published on 10/05/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Packaging Corporation of America (ISIN US6951561090) was trading at USD 228.88 on the NYSE at 1:50 p.m. ET on October 5, 2026, up 0.15 percent from the prior close. The immediate company event is a planned Ohio plant closure affecting 91 employees, as Packaging Dive reported on October 2, 2026.
Ohio closure reshapes capacity
Packaging Corporation of America plans to close its full-line corrugated converting plant in Middletown, Ohio, by December 31, 2026. Most layoffs are scheduled for December 1, and the company is consolidating the work into larger operations, including a new facility in Newark, Ohio, that began operating in July.
The Newark plant covers 550,000 square feet, while the Middletown closure affects all 91 employees at the site. The move therefore combines a near-term workforce reduction with a capacity shift toward a newer production base.
Second-quarter sales reached USD 2.5 billion
Packaging Corporation of America reported second-quarter 2026 net income of USD 192 million and diluted GAAP earnings of USD 2.15 per share, according to Business Wire. Net sales increased from USD 2.2 billion in the second quarter of 2025 to USD 2.5 billion in the second quarter of 2026.
The finance statement for the same 2026 quarter shows operating profit of USD 291.2 million and operating cash flow of USD 376.0 million. These figures put the plant decision in a broader efficiency context, with capital concentrated in newer converting capacity while the company continues to operate its integrated containerboard and packaging network.
Consensus target stands above the stock
MarketBeat reported on October 2, 2026, that Citigroup cut its target from USD 254 to USD 253 while retaining a Neutral rating. The same report listed a Moderate Buy consensus from 10 analysts and an average target of USD 271, which is 18.4 percent above the USD 228.88 NYSE price.
Third-quarter date is set
Packaging Corporation of America will release third-quarter 2026 results after the market closes on October 21, 2026, followed by a conference call at 9:00 a.m. ET on October 22, 2026. The company confirmed both dates in its investor release dated September 17, 2026.
Stock remains below yearly high
Packaging Corporation of America stock was trading at USD 228.88 on the NYSE on October 5, 2026, with a 52-week range of USD 191.50 to USD 259.98. Its market capitalization was USD 20.4 billion and volume stood at 145,089 shares at the quoted time.
Packaging Corporation of America stock facts
- Company: Packaging Corporation of America
- ISIN: US6951561090
- Ticker: PKG
- Trading venue: NYSE
- Price (as of October 5, 2026, 1:50 p.m. ET): USD 228.88
- Market capitalization: USD 20.4 billion (as of October 5, 2026)
- 52-week range: USD 191.50-259.98 (as of October 5, 2026)
- Sector / Industry: Materials / Packaging and Containers
- Index membership: S&P 500
Upcoming dates for Packaging Corporation of America stock
- October 21, 2026: Third-quarter 2026 results
- October 22, 2026: Third-quarter results conference call
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