---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034128"
form_type: "8-K"
ticker: "PKG"
cik: "0000075677"
company_name: "PACKAGING CORP OF AMERICA"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:40:48.993380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Packaging Corp of America Q2 EPS $2.24, down 30% YoY; guides Q3 $1.88

## Summary
- Reported EPS $2.24 vs $3.20 Q2 2022; adjusted EPS $2.31 vs $3.23, a $0.92 decline.
- Net sales $2.0B, down 9% from $2.2B prior year; Packaging segment income fell 32% to $285.8M.
- Corrugated shipments per day down 9.8% YoY; temporarily idled Wallula, WA mill.
- Q3 2023 guidance of $1.88 EPS, citing lower containerboard prices and higher scheduled outage costs.
- Share repurchases in H2 2022 reduced share count, providing $0.13 EPS benefit.

## SEC filing metadata
- accession: 0000950170-23-034128
- form_type: 8-K
- ticker: PKG
- cik: 0000075677
- company_name: PACKAGING CORP OF AMERICA
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/75677/000095017023034128/0000950170-23-034128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75677/000095017023034128/pkg-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034128
- JSON: https://secwatch.observer/filing/0000950170-23-034128.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034128.txt

## Key facts
- Earnings Releases
  PACKAGING CORP OF AMERICA reported second quarter 2023 results: revenue $2.0 billion, net income $203 million, EPS $2.24 per share. Guidance initiated.
  - Period: second quarter 2023
  - Revenue: $2.0 billion
  - Net income: $203 million
  - EPS: $2.24 per share
  - Guidance: initiated
  - Result: reported results
  source text: Packaging Corporation of America (NYSE: PKG) today reported second quarter 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Second quarter net sales were $2.0 billion in 2023 and $2.2 billion in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/75677/000095017023034128/0000950170-23-034128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.