Packaging Corp. of America Q2 EPS falls to $2.21; sales rise to $2.1 billion
Packaging Corporation of America reported second quarter 2024 net income of $199 million, or $2.21 per diluted share, down from $2.24 a year earlier, while net sales rose to $2.1 billion from $2.0 billion. Excluding special items, EPS was $2.20 versus $2.31, but that beat the company's $2.07 second quarter guidance by $0.13. The company expects third quarter earnings of $2.45 per share, citing higher prices and mix in both segments.
Key points
- Second quarter net income was $198.9 million, or $2.21 diluted EPS, versus $202.7 million, or $2.24, in the second quarter of 2023
- Net sales were $2,075.3 million versus $1,952.1 million a year earlier
- EPS excluding special items of $2.20 beat second quarter guidance of $2.07 per share by $0.13
- Third quarter 2024 earnings are expected at $2.45 per share, with one less shipping day for the corrugated business
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.