Packaging Corp rises after upbeat fourth-quarter profit forecast

Packaging of America

Today 16:01

** Shares of US containerboard and paper maker Packaging Corp of America PKG.N rise 3.1% to $246.48
** PKG expects Q4 2026 adj. EPS of $2.81, compared with analysts' estimates of $2.79 - data compiled by LSEG
** Expects stronger Q4 shipments and pricing, but higher mill maintenance and input costs
** "We managed to build sufficient inventory to put us in position to efficiently supply our corrugated operations in the fourth quarter and help us continue to mitigate escalating freight costs," says CEO Mark Kowlzan
** Q3 adj. EPS of $3.04 beats estimates of $2.92, revenue rises 12.5% from a year earlier to $2.6 billion
** Including session's gains, stock up 19.7% YTD

(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))