Packaging Corp Q2 adjusted EPS falls less than expected, helped by strong demand

Packaging of America

22/07/2026 23:13

    

    Overview
  
US containerboard and paper maker's Q2 revenue rose but slightly missed analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company cites record corrugated shipments and Greif acquisition as key drivers, offset by higher costs

    

    Outlook
  
Packaging Corp expects Q3 2026 earnings of $2.91 per share, excluding special items
Company expects continued strong demand and higher corrugated products volume in Q3 2026
Freight and recycled fiber costs expected to remain elevated or increase in Q3 2026

    

    Result Drivers
  
RECORD CORRUGATED SHIPMENTS - Co said legacy corrugated operations achieved all-time quarterly record for shipments, driven by strong demand
GREIF ACQUISITION - Acquired Greif business contributed to earnings with strong volumes at corrugated plants and improved mill performance
HIGHER COSTS - Significantly higher freight and recycled fiber costs, as well as increased corporate and other expenses, weighed on legacy business earnings

    
Company press release: ID:nBwvgt8na

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Sales
Slight Miss*
$2.49 bln
$2.50 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$2.35
$2.31 (8 Analysts)
Q2 EPS
 
$2.15
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)