Packaging Corp of America Q3 EPS $2.05 ex-special beats guidance $1.88; net sales $1.9B

PACKAGING CORP OF AMERICA

2023-Q3 EPS reported $6.38 revenue$5,864,500,000

GAAP EPS $2.03, ex-special $2.05; guidance was $1.88.
Net sales $1.9B, down 9.5% YoY on lower price/mix ($1.33/sh) and volume in Packaging.
Packaging income $256.8M, down from $359.2M YoY; shipments per day up 1.9%.
Q4 EPS guidance $1.76, reflecting seasonal paper volume drop and Wallula restart costs.
Share repurchases in H2 2022 added $0.11 per share benefit.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PACKAGING CORP OF AMERICA reported third quarter 2023 results: revenue $1.9 billion, net income $183 million, EPS $2.03 per share.

Period: third quarter 2023
Revenue: $1.9 billion
Net income: $183 million
EPS: $2.03 per share
Result: reported results

Exact text from the filing

Packaging Corporation of America (NYSE: PKG) today reported third quarter 2023 net income of $183 million, or $2.03 per share, and net income of $185 million, or $2.05 per share, excluding special items. Third quarter net sales were $1.9 billion in 2023 and $2.1 billion in 2022.

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PACKAGING CORP OF AMERICA filing history →

Source: SEC EDGAR

accession 0000950170-23-054671

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