Packaging Corporation of America (NYSE:PKG) Q4 2023 Earnings Call Transcript

So if you think about Valdosta, DeRidder and Counce, Jackson should be as good or better, quite frankly, than Counce and DeRidder. And probably get Valdosta run for its money. And so the huge opportunity is in the, in the cost savings as we go forward, that will flow through in the future. Bob, do you want to add to that?

Bob Mundy: Yes, Charlie. And what Mark is describing, if you sort of quantify that, we’re looking somewhere between $35, $40 a ton once all that work is completed, and that machine is fully operational.

Charlie Muir-Sands: Many Thanks.

Mark Kowlzan: Thank you. Any other questions, please?

Operator: And we have an additional question from Richard Bourke from Bloomberg Intelligence. Please go ahead with your question.

Richard Bourke: Thank you for taking the time to answer my question, gentlemen. I was just wondering with your announced price increase, to be effective January 1, if you maybe saw some demand get pulled forward into the fourth quarter by customers attempting to get that price increase?

Tom Hassfurther: No, we did not see that, Richard.

Richard Bourke: Okay. Thank you.

Mark Kowlzan: Thank you. Any other follow-up questions, Jamie?

Operator: And sir at this time, I’m showing no additional questions.

Mark Kowlzan: All right. Why don’t we go ahead and conclude this. If there are no questions, I’d like to thank everybody for joining us on the call, and we look forward to talking with you in April. Thank you. Everybody, have a good day.

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