PCA reports Q1 2024 adjusted EPS of $1.72, down from $2.20 YoY; revenue flat at $2.0B

PACKAGING CORP OF AMERICA

2024-Q1 EPS reported $1.63 revenue$1,979,500,000

Net income $147M ($1.63 reported EPS); adjusted EPS $1.72 vs $2.20 prior year, a $0.48 decline.
Packaging segment income ex special items $207.7M, down from $277.4M YoY; prices/mix down $1.33 per share.
Corrugated shipments per day up 11% YoY; containerboard production 1,162,000 tons; inventory at record low.
Q2 2024 guidance $2.07 per share, citing higher packaging prices and volumes, lower paper volume due to mill outage.
Special items mainly Jackson, AL mill conversion costs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PACKAGING CORP OF AMERICA reported first quarter 2024 results: net income $147 million, or $1.63 per share.

Period: first quarter 2024
Net income: $147 million, or $1.63 per share
Result: reported results

Exact text from the filing

Packaging Corporation of America (NYSE: PKG) today reported first quarter 2024 net income of $147 million, or $1.63 per share

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PACKAGING CORP OF AMERICA filing history →

Source: SEC EDGAR

accession 0000950170-24-046545

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