Morningstar

Packaging Corp of America

PKG: XNYS (USA)
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Packaging Corp: Earnings Beat Guidance, Thanks to Record Daily Shipments

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Packaging Corp's first-quarter adjusted EPS of $2.40 easily beat management's prior guidance of $2.20, thanks to record corrugated shipments per day, which increased by 2.8% from the same period last year. Net sales increased 10.6% year over year to $2.37 billion.

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