Packaging Corporation of America Reports Q2 Earnings and Raised Guidance
Packaging Corporation of America (PCA) reported second-quarter earnings for 2026, with adjusted EPS at $2.35 compared to $2.48 in the prior year period. Despite a decline in adjusted earnings per share, PCA exceeded its guidance due to strong corrugated demand and contributions from the recently acquired Greif containerboard business. The company reported net sales of $2.5 billion for Q2 2026 versus $2.2 billion in the same quarter last year. EBITDA excluding special items rose to $486 million, up from $451 million a year ago. Management highlighted that corrugated shipments increased by more than 24%, driven largely by e-commerce demand. PCA raised its third-quarter outlook for adjusted earnings per share to $2.91 and noted ongoing synergy gains from the Greif acquisition, which could exceed an annualized run rate of $30 million by year-end.
Topics: corporate_performance ebitda_growth packaging sales_growth