Form 10-Q · Quarterly report
Packaging Corporation of America 10-Q, filed Aug 7, 2026
- Filed
- CIK
- 0000075677
- Accession no.
- 0001193125-26-339405
Summary
Packaging Corporation of America reported second-quarter 2026 net sales of $2.49 billion, up from $2.17 billion a year earlier, and net income of $192 million, or $2.15 per diluted share, down from $242 million. Excluding special items, net income was $210 million, or $2.35 per diluted share, and the company said it expects packaging price and mix improvement in the third and fourth quarters as notified price increases take effect.
Key points
- PCA completed the $1.8 billion cash acquisition of Greif's containerboard business on September 2, 2025, adding two containerboard mills with about 800,000 tons of production capacity and eight sheet feeder and corrugated plants.
- Second-quarter 2026 net income was $192 million, or $2.15 per diluted share, compared with $242 million, or $2.67 per diluted share, in the second quarter of 2025.
- Corrugated product shipments were up 24.3% per day and in total year over year, with legacy PCA shipments up 4.1%.
- Reported containerboard prices increased a net $20 per ton in the first quarter of 2026, an additional $30 per ton in April 2026 and an additional $50 per ton in June 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION Overview PCA is the third largest producer of containerboard products and a leading producer of UFS paper in North America. We operate ten mills and 90 corrugated products manufacturing plants. Our containerboard mills produce linerboard and corrugating medium, which are papers primarily used in the production of corrugated products. Our corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations, and…
An excerpt of the text as filed with the SEC, cut for length.
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