Description

Packaging Corporation of America’s $2.5 Billion Quarter Signals Resilient Packaging Demand!

Packaging Corporation of America reported second-quarter 2026 net income of $192 million, or $2.15 per share. Excluding special items, net income was $210 million, or $2.35 per share, compared with $224 million, or $2.48 per share, a year earlier. Net sales increased to $2.5 billion from $2.2 billion, while adjusted EBITDA rose to $486 million from $451 million. Special items included facility closure costs, restructuring at the Wallula mill, and expenses associated with the acquisition and integration of Greif’s containerboard business. The decline in adjusted earnings reflected higher freight, corporate and operating expenses, weaker packaging pricing and mix, increased labor and operating costs, and higher depreciation, amortization, fiber, interest, and tax expenses. These pressures were partly offset by higher production and sales volumes across packaging and paper, along with improved paper pricing.