Packaging Corp. of America (PKG) Monday reported first-quarter net income of $60.6 million or $0.62 per share, up from $17.8 million or $0.18 per share last year.
Last year's adjusted profit was $40.8 million or $0.42 per share.
Net sales for the quarter grew 12 percent to $755.2 million from $671.3 million last year.
Analysts polled by Thomson Reuters expected earnings of $0.56 per share, and revenues of $722.6 million for the quarter. Analysts' estimates typically exclude special items. Looking forward to the second quarter, the company currently expects second quarter earnings of about $0.62 per share. Analysts currently estimate earnings of $0.70 per share for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.