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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Packaging Corp | NYSE:PKG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 176.15 | 0 | 09:00:00 |
From May 2019 to May 2024
By Aisha Al-Muslim
Packaging Corp. of America (PKG) reported fourth-quarter earnings that beat analyst expectations, driven primarily by higher prices and mix and volumes in its packaging segment.
The Lake Forest, Ill.-based company reported a profit of $268.9 million, or $2.84 a share, up from $110.6 million, or $1.17 a share, a year earlier. Revenue of the producer of containerboard products and uncoated freesheet paper jumped 14.3% to $1.68 billion.
Excluding tax-related items and others items, Packaging Corp. earned $1.56 a share, compared with $1.23 a share the year before. Analysts polled by Thomson Reuters had forecast adjusted earnings of $1.51 a share on $1.61 billion in revenue.
The company reported $122.1 million of estimated income tax benefit related to the U.S. tax reform.
The stock has remained unchanged at $124.71 in after-hours trading Tuesday. Shares are up 36% in the last year.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
January 30, 2018 18:12 ET (23:12 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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