earnings
confidence high
sentiment positive
materiality 0.80
Packaging Corp of America Q2 EPS $2.21 beats $2.07 guidance; sees Q3 EPS $2.45
PACKAGING CORP OF AMERICA
2024-Q2 EPS reported
$3.84
revenue$4,054,800,000
- Q2 reported EPS $2.21, ex-special items $2.20; net sales $2.1B (+5% YoY).
- Packaging segment income $279.9M; corrugated shipments per day up 9.2% YoY.
- Q3 guidance of $2.45 per share, citing higher prices and volume.
- All-time containerboard production record; inventory built for H2.