PACKAGING CORP OF AMERICA (PKG) Form 10-Q — Aug 7, 2026
Packaging Corporation of America reported second quarter 2026 net sales of $2.49 billion, up 14.7% year over year, with net income of $192.1 million or $2.15 per diluted share, down from $241.5 million or $2.67 a year ago. Excluding special items, EPS was $2.35 versus $2.48, as a ($0.27) per share decline in the legacy business from higher freight, unfavorable price/mix, and interest costs was only partially offset by $0.14 per share from the acquired Greif containerboard business. Consolidated EBITDA excluding special items rose to $485.7 million from $450.8 million on the Greif contribution and 24.3% corrugated shipment growth.
Key figures
- Eps
- 2.15
- Revenue
- 2489.9
- Guidance
- Third quarter 2026 earnings expected to be higher than Q2 2026 excluding special items; 2026 capital expenditures expected within $840 million to $870 million.
- Net Income
- 192.1
- Revenue Yoy
- 14.7%
- Cash Position
- 442.8
- Q2 2025 net sales
- 2171.3
- Q2 2025 net income
- 241.5
- Six month buybacks
- $58.8 million for 0.3 million shares
- Q2 2025 diluted eps
- 2.67
- Q2 2026 diluted eps
- 2.15
- Q2 dividend payment
- 133.6
- Annual dividend rate
- $6.00 per share (raised from $5.00)
- Six month net income
- 363
- Six month diluted eps
- 4.05
- Greif acquisition price
- $1.8 billion cash
- Interest expense net q2
- 33.3
- Q2 eps ex special items
- 2.35
- Six month dividends paid
- 223.2
- Unused revolver capacity
- 573
- Effective tax rate q2 2026
- 25.8%
- Quarterly dividend per share
- 1.5
- Six month operating cash flow
- 705.3
- Greif production capacity tons
- 800000
- Q2 net income ex special items
- 210.1
- Remaining buyback authorization
- 224.3
- Shares outstanding july 31 2026
- 89098299
- Wallula expenses six months 2026
- 59.7
- Containerboard production tons q2
- 1415000
- Q2 eps ex special items prior year
- 2.48
- Q2 prior year ebitda ex special items
- 450.8
- Corrugated shipments growth pct per day
- 24.3
- Q2 consolidated ebitda ex special items
- 485.7
- Wallula restructuring total pretax charges
- 187.7
- Legacy corrugated shipments growth pct per day
- 4.1
Price after filing
Close on the filing date to close N calendar days later (from $256.04). Historical, not a forecast.
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