Packaging Corp (PKG) Q2 Earnings Top Estimates on High Volumes
PKGPCA(PKG) ZACKS·2024-07-25 01:11

Packaging Corporation of America (PKG) reported adjusted earnings per share (EPS) of 2.20inthesecondquarterof2024,beatingtheZacksConsensusEstimateof2.20 in the second quarter of 2024, beating the Zacks Consensus Estimate of 2.12. The reported figure was higher than the company’s guidance of 2.07inthequarterunderreview.However,thebottomlinedecreased52.07 in the quarter under review. However, the bottom line decreased 5% year over year.Gains from higher volumes in both segments and decreased costs were partially offset by lower prices and mix. Including one-time items, earnings in the reported quarter were 2.21 per share com ...