NYSE$PKG
Packaging Corp of America · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported second quarter 2021 results with net income of $207 million and EPS of $2.17.
Packaging Corporation of America reported second quarter net sales of $1.9 billion and net income of $207 million, or $2.17 per share. Excluding special items, earnings per share were also $2.17.
- Packaging segment demand remained very strong.
- Mills and plants managed through material and chemical availability issues, a tight labor market, freight and logistics challenges, and planned maintenance outages.
- An all-time record for total box shipments was achieved.
- Sales groups are implementing previously announced price increases in both the Packaging and Paper segments.
Headline financials
Revenue & EPS history
PCA · Revenue · Quarterly
$1.88B
Revenue by segment
PCA · $1.86B total across 2 segments · Q2 2021
- Packaging$1.72B+21.9%92.4%
- Paper$142M+15.4%7.6%
Forward guidance
Third quarter earnings are expected to be $2.37 per share.
Tailwinds
- Continued strong demand for containerboard and corrugated products.
- One additional day for box shipments.
- Paper segment volume should be relatively flat.
- Previously announced price increases in both Packaging and Paper segments will be implemented.
- Annual outage costs will be lower with one outage in the third quarter versus four mill outages in the second quarter.
Headwinds
- Inflation associated with most operating costs is expected to continue.
- Freight and logistics expenses are expected to continue.
- Energy costs will be impacted due to higher seasonal usage.
- Wood costs in southern mills will be higher due to wet weather.
- Wood costs in southern mills will be higher due to low inventory and high demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.0%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.2%
Avg return
30 days after
45%
31 / 69 earnings
Positive
+14.3%
Q1 2020
Best reaction
-13.8%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | +8.5% | +5.1% | |
| Q4 2025 | -2.5% | +0.0% | +3.8% | |
| Q3 2025 | +2.3% | -1.2% | -5.5% | |
| Q2 2025 | -1.6% | +0.8% | +9.5% | |
| Q1 2025 | -0.9% | -0.0% | +2.3% | |
| Q4 2024 | -9.8% | -11.4% | -10.6% | |
| Q3 2024 | +4.4% | +3.1% | +12.0% | |
| Q2 2024 | -0.1% | +2.9% | +4.3% | |
| Q1 2024 | -5.0% | -3.9% | +0.8% | |
| Q4 2023 | +3.1% | +1.9% | +5.4% | |
| Q3 2023 | +3.1% | +3.9% | +6.7% | |
| Q2 2023 | +11.1% | +11.3% | +5.9% | |
| Q1 2023 | -6.2% | -5.6% | -11.0% | |
| Q4 2022 | +6.6% | +6.7% | +6.0% | |
| Q3 2022 | -0.9% | +3.2% | +14.0% | |
| Q2 2022 | -3.3% | -0.7% | -1.2% | |
| Q1 2022 | -1.1% | -0.0% | -4.9% | |
| Q4 2021 | +6.3% | +11.6% | +10.8% | |
| Q3 2021 | +1.5% | +2.5% | -1.4% | |
| Q2 2021 | +3.3% | +5.9% | +12.2% | |
| Q1 2021 | +1.7% | +3.7% | +4.5% | |
| Q4 2020 | -5.8% | -3.7% | -5.6% | |
| Q3 2020 | -4.4% | -4.0% | +10.5% | |
| Q2 2020 | -1.5% | -7.2% | -1.4% | |
| Q1 2020 | +14.3% | +10.2% | +19.2% | |
| Q4 2019 | -4.6% | -6.9% | -13.2% | |
| Q3 2019 | -0.1% | +3.6% | +2.1% | |
| Q2 2019 | +0.7% | +0.8% | -3.1% | |
| Q1 2019 | -0.6% | +0.4% | -7.6% | |
| Q4 2018 | -0.5% | +1.9% | +2.3% | |
| Q3 2018 | +2.3% | +2.7% | +9.9% | |
| Q2 2018 | -4.6% | -4.5% | -4.9% | |
| Q1 2018 | +0.5% | -0.9% | +3.9% | |
| Q4 2017 | -0.3% | -2.3% | -5.9% | |
| Q3 2017 | -0.0% | -2.6% | -6.0% | |
| Q2 2017 | +1.8% | +0.8% | +1.6% | |
| Q1 2017 | +6.2% | +4.5% | +8.3% | |
| Q4 2016 | -1.5% | +0.7% | +0.2% | |
| Q3 2016 | -3.2% | -1.3% | +4.5% | |
| Q2 2016 | +0.9% | +1.2% | +6.3% | |
| Q1 2016 | +1.2% | — | — | |
| Q4 2015 | -13.8% | — | — | |
| Q3 2015 | -6.9% | — | — | |
| Q2 2015 | +7.2% | — | — | |
| Q1 2015 | -10.1% | — | — | |
| Q4 2014 | -4.7% | — | — | |
| Q3 2014 | +10.9% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +10.0% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | +5.2% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2012 | +3.0% | — | — | |
| Q2 2012 | +3.7% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q2 2011 | -9.7% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2008 | -3.8% | — | — | |
| Q4 2010 | -3.8% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q3 2010 | +2.5% | — | — | |
| Q2 2009 | +0.0% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — |
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