Packaging Corporation of America Reports First Quarter 2019 Results

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Go back to Packaging Corporation of America Reports First Quarter 2019 Results

Packaging Corp. (PKG) Tops Q1 EPS by 2c, Revenues Miss; Offers 2Q EPS Guidance Below Consensus

April 24, 2019 5:34 PM EDT

Packaging Corp. (NYSE: PKG) reported Q1 EPS of $1.98, $0.02 better than the analyst estimate of $1.96. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.77 billion.

Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, In our Packaging segment, we had record first quarter volumes in both our containerboard mills and corrugated products plants as well as higher prices and mix, compared to the first and fourth quarters of 2018. We ran our... More