Packaging Corp Q3 Earnings Beat, Sales Rise Y/Y on Higher Volumes

Packaging Corporation of America (PKG) reported adjusted earnings per share (EPS) of $2.65 in the third quarter of 2024, beating the Zacks Consensus Estimate of earnings of$2.48. The bottom line was higher than the company’s earnings guidance of $2.45 per share and grew 29% year over year. The upside was driven by higher volume in both segments, and increased prices and mix in the Packaging segment, partially offset by lower prices and mix in the Paper segment. Including one-time items, earnings in the rep ...