Form 10-Q · Quarterly report
Packaging Corporation of America 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0000075677
- Accession no.
- 0001193125-26-449161
Summary
Packaging Corporation of America reported third-quarter 2026 net sales of $2.60 billion and net income of $262 million, or $2.93 per diluted share, up from $2.31 billion and $227 million, or $2.51 per share, a year earlier, and said it expects fourth-quarter earnings to be lower than the third quarter excluding special items. The results include the containerboard business acquired from Greif, Inc. for $1.8 billion in cash on September 2, 2025.
Key points
- Packaging Corporation of America completed the $1.8 billion cash acquisition of Greif, Inc.'s containerboard business on September 2, 2025, adding two containerboard mills with about 800,000 tons of capacity and eight sheet feeder and corrugated plants.
- Corrugated product shipments rose 10.6% per day in the third quarter of 2026 versus a year earlier, while shipments from the legacy PCA business fell 0.5%.
- Packaging segment operating income was $398 million in the third quarter of 2026, compared with $328 million a year earlier.
- Reported containerboard prices rose during 2026, including a $70 per ton increase for linerboard and $100 per ton for corrugating medium in September.
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 89 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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