Packaging Corporation of America said net sales for Q2 2025 were $2.17 billion, compared to $2.08 billion in the prior-year period, net income was $242 million, or $2.67 per diluted share, and net income excluding special items was $224 million, or $2.48 per diluted share.

1. 01

   Packaging Corporation of America said net sales for Q2 2025 were $2.17 billion, compared to $2.08 billion in the prior-year period, net income was $242 million, or $2.67 per diluted share, and net income excluding special items was $224 million, or $2.48 per diluted share.

2. 02

   The company said Packaging segment operating income for Q2 2025 was $346 million, compared to $280 million in the prior-year period, and cited higher containerboard and corrugated products prices and mix ($119 million) and lower fiber costs ($18 million) as factors in the increase.

3. 03

   Packaging Corporation of America announced on July 1, 2025 that it entered into a definitive agreement to purchase the containerboard business of Greif for $1.8 billion in cash, with the transaction expected to close by the end of Q3, subject to customary conditions including regulatory approval.

4. 04

   The company said net cash provided by operating activities for the first six months of 2025 was $639 million, compared to $539 million in the prior-year period, cash used for investing activities was $287 million, and cash and cash equivalents as of June 30, 2025 were $788 million.

Key figures

Quarter ended June 30, 2025

Revenue

$2.2B

Operating income

$334M

Net income

$242M

EPS

$2.67

Gross profit

$483M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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