earnings
confidence high
sentiment positive
materiality 0.75
Packaging Corp of America Q4 adj EPS $2.76 beats guidance; board authorizes $1B buyback
PACKAGING CORP OF AMERICA
2021-FY EPS reported
$8.83
revenue$7,730,300,000
- Q4 adj. EPS $2.76 (vs guidance $2.04); revenue $2.0B (+18% YoY).
- FY21 adj. EPS $9.39 (vs $5.78 in FY20); revenue $7.7B (+15% YoY).
- Board authorized new $1B share repurchase; Q4 repurchased 1.4M shares for $193M.
- Q1 2022 guidance: EPS $2.50; announced $70/ton containerboard price increase.
- Packaging segment income $365.8M (up 74% YoY); record corrugated shipments per day.