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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 $2.20 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 $2.07 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 co ...