PCA(PKG) - 2023 Q2 - Earnings Call Transcript

Excluding special items, the $0.92 per share decrease in second quarter 2023 earnings compared to the second quarter of 2022 was driven primarily by lower volumes in the Packaging segment for $0.90 and Paper segment $0.07. Lower price and mix in the Packaging segment of $0.47 and higher depreciation expense, $0.09, and higher other converting costs, $0.03. These items were partially offset by lower operating costs of $0.34, primarily driven by lower fiber, energy and chemical costs. We also had higher price ...