Packaging Corporation of America (NYSE:PKG) Q4 2022 Earnings Call Transcript

Thomas Hassfurther: Well, Mark, as you can well imagine, I mean, the $50 has just come, has come in increments, I mean, may or may not hit a rate at which the price would change based on the contracts. All these contracts are very different and very different timing mechanisms. So that’s why I said it’s — there’s no — you can’t say that it’s going to go down faster than it went up or vice versa. I mean it’s just; it is what it is. And as these things cycle in, they’ll cycle in uniquely, we’ve got some customers who have even asked us just to hold off at the moment because they’re not confident of what may be taking place in reality. So we’ll just have to — I mean, as I said, it just — it factors in and meters in a little differently than I’d say on the way up just because of the small incremental moves that take place.

Mark Weintraub: Is there any color you can help us with in terms of the proportion based on what you’re seeing now, you would think would show up in the first quarter versus what might slide into the second, recognizing situations can change.

Thomas Hassfurther: I’ll let Bob handle that.

Robert Mundy: Mark, it’s Bob. So I would use sort of — as Tom was indicating, based on how these things flow through and there’s obviously different timing mechanisms and so forth. But however, I’d say roughly 1/3 or so you would see in the first and then of what’s happened so far showing up in the second quarter.

Mark Kowlzan: Jamie, I think that concludes our questions.

Operator: Sir, that does conclude today’s Q&A session. Do you have any closing comments?

Mark Kowlzan: Yes, I’d like to thank everybody for taking the time and look forward to talking with you with Tom and Bob and I in the April call. Take care. Have a good day. Bye-bye.

Operator: Ladies and gentlemen, with that, we’ll conclude today’s conference call and presentation. We do thank you for joining. You may now disconnect your lines.