Packaging Corporation of America Reports Fourth Quarter and Full Year 2018 Results
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Packaging Corp. (PKG) Tops Q4 EPS by 3c, Revenues Miss
January 29, 2019 5:54 PM ESTPackaging Corp. (NYSE: PKG) reported Q4 EPS of $2.17, $0.03 better than the analyst estimate of $2.14. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.78 billion.
Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, Our containerboard mills established a new fourth quarter production record while reducing our containerboard inventory by 26,000 tons from the end of the third quarter. We ran our system to demand and managed natural gas supply issues that negatively impacted production at our Wallula Mill. Our containerboard production allowed us... More
