Packaging Corp Earnings Surpass Estimates in Q2, Sales Rise Y/Y
Key Takeaways PKG reported Q2 adjusted EPS of 2.17B, driven by improved pricing and mix across Packaging and Paper.The gross margin expanded to 22.2% from 21.1% as gross profit jumped 10.3% y/y.Packaging Corporation of America (PKG) reported adjusted earnings per share (EPS) of 2.44. The reported figure was higher than the company’s guidance of $2.41 in the qu ...