Packaging Corporation of America · PKG · Next earnings

Packaging Corporation of America reports Wednesday, Oct 21, 2026

PKG reports after market close with consensus EPS at $2.95 and revenue at $2.61B. Last quarter: PKG Beats Q2 EPS Guidance as Greif Integration Hits Stride

Reports After market close31 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $2.95 Calendar consensus
Consensus revenue $2.61B Calendar consensus
Report date Oct 21, 2026 Wednesday, date estimated
Session After market close 31 days away

Where PKG left off: FY2026 Q2

Full report

PKG Beats Q2 EPS Guidance as Greif Integration Hits Stride

EPS surprise +1.7% Reported $2.35 vs $2.31
Revenue surprise -0.1% Reported $2.49B vs $2.49B
Stock move +2.5% Event window
Subsequent drift +6.3% Up to 20 sessions

Management maintained full-year capex guidance of 840 to 870M and issued Q3 adjusted EPS guidance of 2.91 up from Q2 2.35 reflecting expected pricing benefits and continued volume growth. Prior-quarter guidance sentiment was raised; this quarter management characterized the outlook as maintained with incremental confidence in pricing execution.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Elevated freight and recycled fiber prices eroding margins
  • Unplanned utility power outages affecting production at key mills
  • Potential 50 percent tariffs on Canadian containerboard imports though near term impact appears limited
  • Inflationary pressure on chemicals electricity and labor costs
  • Risk that price increases may not be fully passed through to customers

Questions analysts left open

  • Bookings and billings trends entering Q3
  • Mix and revenue-per-ton dynamics in the legacy business
  • Recycled-vs-virgin fiber ratio and its cost impact
  • Greif contribution expectations and transition services agreement expiry at year-end
  • Potential impact of proposed Canadian tariffs on containerboard imports

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Recent PKG quarters

All PKG earnings
+2.5%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.