)
Packaging Corporation of America (PKG) investor relations material
Packaging Corporation of America Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net income was $227M ($2.51/share); adjusted net income was $247M ($2.73/share), up from $239M ($2.65/share) in Q3 2024, driven by improved legacy business earnings and higher prices/mix, partially offset by Greif acquisition costs.
The Greif containerboard business acquisition was completed in September 2025 for $1.8B, adding two mills and eight plants, with integration costs and higher interest expense impacting results.
Excluding special items and acquisition impact, earnings rose $0.19/share year-over-year, with special items mainly from the Greif acquisition and facility closures.
Financial highlights
Q3 2025 net sales were $2.31B, up from $2.18B in Q3 2024 (+6% YoY); adjusted EBITDA was $503M, up from $461M.
Free cash flow reached a record $277M after $192M in capex; quarter-end cash balance was $806M.
Gross margin for Q3 2025 was 21.8%; operating margin was 14.0%.
Special items expense of $0.22/share related to the Greif acquisition; $25M in related costs for Q3.
Outlook and guidance
Q4 2025 earnings expected at $2.40/share, excluding special items, with higher outage expenses and seasonally lower volumes.
Per-day corrugated shipments expected to rise, but with three fewer shipping days; export containerboard sales to increase but remain below typical Q4 levels.
Maintenance outage at DeRidder mill to increase costs by $0.29/share; Packaging segment prices expected to be lower due to seasonal mix.
Expects significant improvement in acquired business operations, with continued integration costs and seasonally lower volumes.
Next Packaging Corporation of America earnings date
Next Packaging Corporation of America earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)