earnings
confidence high
sentiment positive
materiality 0.80
Packaging Corp of America Q2 EPS $3.23 beats $2.83 guidance; revenue $2.2B up 16% YoY
PACKAGING CORP OF AMERICA
2022-Q2 EPS reported
$5.91
revenue$4,373,700,000
- Q2 adjusted EPS of $3.23 vs guidance of $2.83; reported EPS $3.20 vs $2.17 a year ago.
- Net sales $2.2B, up 15.8% YoY; Packaging segment income $419.8M.
- Containerboard production 1.256M tons; shipments flat versus record Q2 2021.
- Q3 guidance of $2.80/share; announces $60/ton paper price increase effective Sept 6.
- CEO cites solid demand, record mill production, but notes cost inflation and supply chain challenges.