Packaging Corp of America (PKG) Risk Factor Changes

Debt obligations – Our debt service obligations may reduce our operating flexibility.

In 2025, our total company costs including cost of sales (COS) and selling, general, and administrative expenses (SG&A) was $7.7 billion, and excluding non-cash costs (depreciation, depletion and amortization, pension…

Periods of higher recycled fiber costs and unusual price volatility have occurred in the past.

The availability and cost of recycled fiber depends heavily on recycling rates and the domestic and global supply and demand for recycled products.

ESG – We may not achieve or make satisfactory progress on our goals and targets to reduce emissions and satisfy other ESG metrics.

If the Greif containerboard business underperforms relative to our expectations, or if we fail to successfully integrate the business or experience difficulties in implementing our systems into the acquired business,…

We are relying on the Seller to provide transition services to us for key functions of the acquired business, including accounting, information technology systems and support, purchasing and other services.

Acquisition Integration – The business may underperform relative to our expectations, and we may not be able to successfully integrate the business into our existing business.

ESG – We may not achieve or make satisfactory progress on our goals and targets to reduce emissions and satisfy other ESG metrics.