Packaging Corporation of America Reports Third Quarter 2020 Results
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Packaging Corp. (PKG) Tops Q3 EPS by 16c
October 26, 2020 6:10 PM EDTPackaging Corp. (NYSE: PKG) reported Q3 EPS of $1.57, $0.16 better than the analyst estimate of $1.41. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.64 billion.
Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, In the Packaging segment, demand was very strong throughout the quarter as we set new all-time quarterly records for total box shipments and shipments per day. We were able to overcome the hurricane-related issues at our DeRidder mill to avoid any disruptions to our customers; however, with this supply disruption along with strong... More
