PKG
FY2026 Q2 · Calendar Q3 2026
Packaging Corporation of America
Packaging Corporation of America delivered a second consecutive quarter of earnings beats with Q2 2026 adjusted EPS of 2.35 exceeding its own 2.33 guidance despite persistent cost headwinds from freight recycled fiber and labor. The Greif containerboard acquisition is now fully integrated and contributing positively adding 0.14 to EPS. A new Ohio corrugated plant started up ahead of schedule expanding capacity in a strategic region. Management guided Q3 adjusted EPS to 2.91 reflecting expected benefits from the second phase of price increases and continued strong demand. The market responded favorably with an abnormal move of plus 3.7 percent on 2.1x baseline volume and subsequent drift of plus 6.3 percent.
EPS surprise+1.7%
Market move+2.5%
