S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Packaging Corporation of America Beats Earnings Forecasts

Packaging Corporation of America outperformed analyst expectations in the third quarter, reporting a profit of $262.3 million as robust sales volumes in white paper operations offset persistent cost pressures. The company’s earnings per share climbed to $2.93, up from $2.51 during the same period last year.

Packaging Corporation of America Beats Earnings Forecasts

Revenue hit $2.6 billion, matching Wall Street projections and marking a significant increase over the $2.3 billion recorded in the prior-year quarter. When adjusting for special items, earnings reached $3.04 per share, comfortably surpassing the $2.93 consensus estimate tracked by FactSet.

Chief Executive Mark Kowlzan navigated a difficult landscape defined by rising freight, chemical, and recycled fiber costs, alongside softening demand in agricultural corrugated markets. Looking ahead, the company anticipates a solid performance for its corrugated products segment, projecting fourth-quarter adjusted earnings of $2.81 per share. This outlook sits slightly above the $2.77 per share forecast currently held by market analysts.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!