Packaging Corp. (PKG) Tops Q4 EPS by 3c, Revenues Miss

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Go back to Packaging Corp. (PKG) Tops Q4 EPS by 3c, Revenues Miss

Packaging Corporation of America Reports Fourth Quarter and Full Year 2018 Results

January 29, 2019 5:46 PM EST

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Packaging Corporation of America (NYSE: PKG) today reported fourth quarter 2018 net income of $205 million, or $2.16 per share and $2.17 per share excluding special items. Fourth quarter net sales were $1.75 billion in 2018 and $1.68 billion in 2017. Full year 2018 net income was $738 million, or $7.80 per share and $8.03 per share excluding special items. Full year 2018 net sales were $7.01 billion compared to 2017 net sales of $6.44 billion.

Diluted earnings per share attributable to Packaging Corporation of America shareholders

Three Months Ended Full Year Ended December 31 December 31 2018 2017 Change 2018 2017 Change Reported Diluted EPS $ 2.16 $ 2.84 $ (0.68 )... More