Packaging Corporation of America Reports First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Buildings collapse as quakes rock Venezuela, 'high casualties' likely
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
Packaging Corp. (PKG) Tops Q1 EPS by 28c, Revenues Beat
April 27, 2020 5:01 PM EDTPackaging Corp. (NYSE: PKG) reported Q1 EPS of $1.50, $0.28 better than the analyst estimate of $1.22. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.66 billion.
Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, Strong demand in our Packaging segment drove first quarter results. We had record first quarter volume in our containerboard mills and a new all-time quarterly volume record in our corrugated products plants. The integration rate of our mills volume into our plants was 95% and our containerboard inventory was at the lowest level since our... More
