earnings
confidence high
sentiment positive
materiality 0.75
PKG Q1 EPS $2.72 ex-special beats $2.50 guidance; Q2 guidance $2.83
PACKAGING CORP OF AMERICA
2022-Q1 EPS reported
$2.70
revenue$2,136,400,000
- Net income $254M ($2.70 GAAP); ex-special $256M ($2.72 EPS), $0.22 above guidance.
- Revenue $2.1B, up 17% YoY, on higher prices/mix and record box shipments in Packaging.
- Packaging segment income $362M (ex-special $363M); Paper $22M; Corporate & Other ($28M).
- Q2 2022 EPS guidance $2.83 citing strong demand and price increases despite inflation.
- Containerboard inventory down 4K tons QoQ, below targeted levels; mills operating well.