Packaging Corp Q2 FY26 net income drops 20.5% to $192.1 million; net sales rise 14.7% to $2.49 billion

Total corrugated products shipments jumped 24.3% per day versus the prior-year quarter; legacy packaging shipments rose 4.1%.

Third-quarter earnings are expected at $2.91 a share excluding special items, with continued strong packaging demand and higher prices for containerboard and corrugated products.

Packaging Corporation of America posted second-quarter net income of $192 million, or $2.15 a share; net sales rose to $2.5 billion.

Net income excluding special items was $210 million, or $2.35 a share, down $0.13 from a year earlier.