Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- PKG reported Q1 2024 EPS of $1.72, exceeding estimates. Overall bottom line decreased 22% YoY due to lower prices and mix. - Sales rose 0.2% YoY to $1.98 billion. Adjusted operating income fell 26.7% YoY. - Packaging segment sales down 0.6% YoY, while Paper segment sales were up 8.5%. - Cash balance increased to $1.25 billion at end of Q1. Q2 2024 EPS projected at $2.07. - PKG shares lost 27.8% in past year, while the industry fell 2.8%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- PKG reported Q1 2024 EPS of $1.72, exceeding estimates. Overall bottom line decreased 22% YoY due to lower prices and mix.
- Sales rose 0.2% YoY to $1.98 billion. Adjusted operating income fell 26.7% YoY.
- Packaging segment sales down 0.6% YoY, while Paper segment sales were up 8.5%.
- Cash balance increased to $1.25 billion at end of Q1. Q2 2024 EPS projected at $2.07.
- PKG shares lost 27.8% in past year, while the industry fell 2.8%.
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