Packaging Corporation Reports Better-Than-Expected Q1 Results
Packaging Corporation of America (NYSE: PKG) has reported upbeat results for the first quarter of 2022. Earnings in the quarter surpassed the consensus estimate by 7.9%, and sales exceeded the same by 2.9%. Shares of this $15.2-billion company inched up 0.7% on Monday, closing the trading session at $162.29. Packaging Corporation manufactures container products. It has headquarters in Lake Forest, IL. Financial Highlights Packaging Corporation’s adjusted earnings were 2.72 per share in the second quarter, higher than the consensus estimate of $2.52 per share. On a year-over-year basis, the bottom line increased 53.7% driven by healthy revenue generation, offset by higher costs and expenses. Revenues in the quarter totaled $2.
Packaging Corporation Reports Better-Than-Expected Q1 Results
Packaging Corporation of America (NYSE: PKG) has reported upbeat results for the first quarter of 2022. Earnings in the quarter surpassed the consensus estimate by 7.9%, and sales exceeded the same by 2.9%. Shares of this $15.2-billion company inched up 0.7% on Monday, closing the trading session at $162.29. Packaging Corporation manufactures container products. It has headquarters in Lake Forest, IL. Financial Highlights Packaging Corporation’s adjusted earnings were 2.72 per share in the second quarter, higher than the consensus estimate of $2.52 per share. On a year-over-year basis, the bottom line increased 53.7% driven by healthy revenue generation, offset by higher costs and expenses. Revenues in the quarter totaled $2.