Packaging Corporation of America reported Q2 results that matched revenue expectations but fell short on EPS and guidance, while setting an all-time quarterly record for total corrugated shipments. The company noted that corrugated price increases are starting to appear in results, though higher freight and recycled fiber costs were present. Strong volumes and operational performance helped offset those cost pressures. The stock has seen firm momentum, with a 30-day share price return of 11.36% and a year-to-date return of 20.67%.
Packaging Corp of AmericaRecord corrugated shipments and strong volumes indicate robust end-customer demand.
