Packaging Corporation of America Reports First Quarter 2020 Results
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Packaging Corp. (PKG) Tops Q1 EPS by 28c, Revenues Beat
April 27, 2020 5:01 PM EDTPackaging Corp. (NYSE: PKG) reported Q1 EPS of $1.50, $0.28 better than the analyst estimate of $1.22. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.66 billion.
Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, Strong demand in our Packaging segment drove first quarter results. We had record first quarter volume in our containerboard mills and a new all-time quarterly volume record in our corrugated products plants. The integration rate of our mills volume into our plants was 95% and our containerboard inventory was at the lowest level since our... More
