earnings
confidence high
sentiment positive
materiality 0.78
PKG Q3 adj. EPS $2.69 beats $2.37 guidance; net sales $2.0B (+18% YoY)
PACKAGING CORP OF AMERICA
2021-Q3 EPS reported
$6.55
revenue$5,687,100,000
- Adj. diluted EPS of $2.69, above $2.37 guidance; GAAP EPS $2.63 includes $0.06 special items.
- Packaging segment income $365M (+64% YoY); corrugated shipments up 2.3% vs Q3 2020.
- Q4 2021 guidance $2.04 per share; cites higher energy, wood costs, and inflation.
- Containerboard production 1,256K tons; inventory up 91K tons YoY, 17K tons QoQ.
- CEO notes record quarterly sales volume and successful price increases despite supply chain challenges.