Packaging Corp. Q4 Earnings Miss, Sales Rise Y/Y on Higher Volumes

Packaging Corporation of America (PKG) reported adjusted earnings per share (EPS) of $2.47 in the fourth quarter of 2024, which missed the Zacks Consensus Estimate of $2.51 by a margin of 2%. The bottom line matched PKG’s guidance and grew 16% year over year. The upside was driven by higher prices and mix and improved volume in both segments as well as lower freight and logistics expenses. However, these gains were somewhat offset by an increase in operating costs, scheduled maintenance outage expenses, dep ...