Financial Data and Key Metrics Changes - Third quarter net income for 2024 was $238 million, or $2.64 per share, compared to $185 million, or $2.05 per share in the same quarter of 2023, reflecting a significant increase [3] - Net sales increased to $2.2 billion in Q3 2024 from $1.9 billion in Q3 2023 [3] - Total company EBITDA for Q3 2024 was $461 million, up from $388 million in Q3 2023 [3] Business Line Data and Key Metrics Changes - In the Packaging segment, EBITDA excluding special items was $446 million with sales of $2 billion, resulting in a margin of 22.2%, compared to last year's EBITDA of $374 million with sales of $1.8 billion and a margin of 21.3% [5] - The Paper segment reported EBITDA of $43 million with sales of $159 million, achieving a margin of 27.0%, up from $35 million and a margin of 22.4% in Q3 2023 [9] Market Data and Key Metrics Changes - Shipments per day in the corrugated products segment increased by 11.1% compared to Q3 2023, with total shipments up 12.9% [7] - Domestic containerboard and corrugated products prices increased by $0.35 per share compared to Q2 2024, remaining flat compared to Q3 2023 [8] Company Strategy and Development Direction - The company plans to continue investing in capital projects, with a focus on enhancing production capabilities and meeting customer demands [19][20] - There are plans for new plant constructions over the next few years, with significant capital spending aimed at high-return opportunities [31] Management's Comments on Operating Environment and Future Outlook - Management expects strong demand in the Packaging segment to continue, although total shipments may be impacted by fewer shipping days and recent crop damage in Florida [12] - The Paper segment is anticipated to see lower shipments compared to the stronger Q3, with operating costs expected to rise due to seasonal factors [13] Other Important Information - Cash provided from operations totaled $327 million, with free cash flow of $180 million [10] - The company ended the quarter with $841 million in cash and marketable securities, maintaining liquidity of approximately $1.2 billion [10] Q&A Session Summary Question: Can you talk about where bookings and billings are to start the fourth quarter? - Bookings and billings are up just over 8% versus last year, with strong growth in the e-commerce segment [15][16] Question: How should we think about your volumes and when growth should normalize? - The company plans to take advantage of every opportunity for profitable growth, with expectations of tougher comparisons starting next year [22][23] Question: Can you elaborate on the crop damage and its impact on volume? - The crop damage in Florida is expected to delay traditional crop yields, impacting volume in the fourth quarter [17] Question: What are the opportunities for capital allocation going forward? - The company evaluates capital allocation for the highest returns, focusing on strategic capital spending and share repurchases [30][31] Question: Can you provide insight into the higher operating costs? - Higher operating costs were primarily due to increased OCC costs and labor, along with other indirect costs [49]

Packaging Corp. (PKG) reported $2.18 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.7%. EPS of $2.65 for the same period compares to $2.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.1 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of +6.85%, with the consensus EPS estimate being $2.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Packaging Corp. (PKG) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.85%. A quarter ago, it was expected that this maker of containerboard and corrugated packaging products would post earnings of $2.12 per share when it actually produced earnings of $2.20, delivering a surprise of ...

Exhibit 99.1 PACKAGING CORPORATION OF AMERICA REPORTS THIRD QUARTER 2024 RESULTS Lake Forest, IL, October 22, 2024 – Packaging Corporation of America (NYSE: PKG) today reported third quarter 2024 net income of $238 million, or $2.64 per share, and net income of $239 million, or $2.65 per share, excluding special items. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders | --- | --- | --- | --- | ...

Core Insights - Packaging Corp. (PKG) is expected to report quarterly earnings of $2.47 per share, a 20.5% increase year-over-year, with revenues projected at $2.1 billion, reflecting an 8.2% year-over-year growth [1] - Analysts have revised the consensus EPS estimate upward by 0.3% over the past 30 days, indicating a collective reassessment of projections [2] - Revisions to earnings estimates are significant indicators for predicting investor actions and have shown a strong correlation with short-term stock price performance [3] Financial Metrics - Segment Sales for Packaging is estimated to reach $1.91 billion, representing an 8.6% increase from the previous year [5] - Segment Sales for Corporate is projected at $19.02 million, indicating a 3.9% year-over-year change [5] - Segment Sales for Paper is expected to be $158.48 million, reflecting a 0.4% increase year-over-year [5] - Segment Operating Income for Packaging (Non-GAAP) is anticipated to be $308.48 million, up from $256.70 million in the same quarter last year [6] - Segment Operating Income for Paper (Non-GAAP) is projected at $29.38 million, slightly down from $30.20 million reported in the same quarter last year [6] Market Performance - Packaging Corp. shares have increased by 4.4% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.8% [6] - The company holds a Zacks Rank 2 (Buy), suggesting it is expected to outperform the overall market in the near term [6]

Packaging Corporation of America (PKG) is set to release third-quarter 2024 results on Oct. 22, after the closing bell. The Zacks Consensus Estimate for PKG's third-quarter revenues is pegged at $2.1 billion, indicating 8.2% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at $2.47 per share. The Zacks Consensus Estimate for PKG's third-quarter earnings has been unchanged for the past 60 days. The estimate indicates a year-over-year increase of 20.5%. | --- | --- | --- ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Packaging Corp. (PKG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earni ...

Shares of Packaging Corporation of America (PKG) have scaled a new 52-week high of $204.58 on Aug 23, before closing the session lower at $203.81. PKG currently has a market capitalization of $18.3 billion and flaunts a Zacks Rank #1 (Strong Buy). So far this year, Packaging Corp's shares have gained 25.1%. PKG has outperformed the industry's 14% growth and the S&P 500's 18.1% rise. Meanwhile, the Industrial Products sector has gained 7.9%. Image Source: Zacks Investment Research What's Driving the PKG Stoc ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Packaging Corp. (PKG) - Packaging Corp. currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, PKG shares increased by 1.3%, while the Zacks Containers - Paper and Packaging industry rose by 2.57% [5] - In a longer timeframe, PKG's monthly price change is 2.82%, outperforming the industry's 0.53% [5] - Over the last quarter, PKG shares have risen by 6.98%, and over the past year, they have gained 33.76%, compared to the S&P 500's increases of 5.24% and 27.74%, respectively [6] Trading Volume - PKG's average 20-day trading volume is 635,433 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 5 earnings estimates for PKG have been revised upwards, with no downward revisions, raising the consensus estimate from $8.33 to $8.71 [9] - For the next fiscal year, 4 estimates have also moved higher, indicating positive sentiment around the company's earnings potential [9]