PCA's Q1 2026: Corrugated Shines, Greif Struggles

Packaging Corporation of Americas first quarter earnings showed mixed results, with sales volumes surging by 11.8% year over year but missing Wall Street targets. Revenue hit $2.37 billion, up 10.6% from last year, while GAAP earnings per share fell short of expectations. The legacy packaging side performed exceptionally well, with record corrugated shipments and improved productivity. However, the recent Greif acquisition faced challenges due to seasonal lows, weather issues, and higher recycled fiber prices. Despite the misses, investors pushed the stock higher, and management highlighted strong operational execution in corrugated operations. Looking ahead, the company expects earnings per share guidance of $2.33 for the second quarter, with price hikes and Greif synergies aiming to offset cost pressures. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e5172971dd32373a