The company said net income for Q2 2024 was $199 million ($2.21 per diluted share), and earnings per share excluding special items were $2.20, down from $2.31 in Q2 2023. Net sales for Q2 were $2.1 billion.

1. 01

   The company said net income for Q2 2024 was $199 million ($2.21 per diluted share), and earnings per share excluding special items were $2.20, down from $2.31 in Q2 2023. Net sales for Q2 were $2.1 billion.

2. 02

   The company cited lower prices and mix in the Packaging segment ($.87) and higher operating costs ($.31) as the main factors behind the $.11 decline in earnings per share excluding special items compared with the prior-year quarter. It said higher volume in the Packaging segment ($.94) partially offset these effects.

3. 03

   Packaging Corporation of America reported segment income of $279.8 million for Packaging, $26.7 million for Paper and a loss of $30.5 million for Corporate and Other for Q2 2024, with consolidated operating income of $276.0 million.

4. 04

   The company said it expects earnings per share excluding special items of $2.45 for Q3 2024. It said it expects prices and mix to rise in both the Packaging and Paper segments.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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