Every material Form 8-K Packaging Corporation of America filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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
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.
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