Packaging Corp Q2 adjusted EPS falls less than expected, helped by strong demand

Overview

• US containerboard and paper maker's Q2 revenue rose but slightly missed analyst expectations

• Adjusted EPS for Q2 beat analyst expectations

• Company cites record corrugated shipments and Greif acquisition as key drivers, offset by higher costs

Outlook

• Packaging Corp expects Q3 2026 earnings of $2.91 per share, excluding special items

• Company expects continued strong demand and higher corrugated products volume in Q3 2026

• Freight and recycled fiber costs expected to remain elevated or increase in Q3 2026

Result Drivers

• RECORD CORRUGATED SHIPMENTS - Co said legacy corrugated operations achieved all-time quarterly record for shipments, driven by strong demand

• GREIF ACQUISITION - Acquired Greif business contributed to earnings with strong volumes at corrugated plants and improved mill performance

• HIGHER COSTS - Significantly higher freight and recycled fiber costs, as well as increased corporate and other expenses, weighed on legacy business earnings

Company press release: ID:nBwvgt8na

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)