Packaging Corporation of America Q3 EPS rises to $2.64, beats $2.45 guidance
Packaging Corporation of America reported third quarter 2024 net income of $238 million, or $2.64 per share, up from $183 million, or $2.03 per share, a year earlier, on net sales of $2.2 billion versus $1.9 billion. Excluding special items, diluted EPS was $2.65, and the company said results were $.20 above its third quarter guidance. The company expects fourth quarter 2024 earnings of $2.47 per share, which gives shareholders a near-term earnings outlook.
Key points
- Third quarter net income was $238 million, or $2.64 per diluted share, versus $183 million, or $2.03, in the third quarter of 2023.
- Third quarter net sales were $2.2 billion, compared with $1.9 billion a year earlier.
- Results were $.20 per share above third quarter guidance of $2.45, mainly from higher volume and higher prices and mix in the Packaging segment.
- Fourth quarter 2024 earnings are expected to be $2.47 per share, with higher operating and converting costs and lower corrugated shipments from two fewer shipping days.
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 October 22, 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.