Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- Packaging Corporation of America reported Q1 2024 net income of $147 million, down from $198 million in Q1 2023. - Excluding special items, Q1 net income was $155 million compared to $198 million in Q1 2023. - Total company EBITDA was $333 million in 2024, down from $405 million in 2023. - Lower prices and mix in the Packaging segment were the primary drivers of the decrease in earnings. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings
- Packaging Corporation of America reported Q1 2024 net income of $147 million, down from $198 million in Q1 2023.
- Excluding special items, Q1 net income was $155 million compared to $198 million in Q1 2023.
- Total company EBITDA was $333 million in 2024, down from $405 million in 2023.
- Lower prices and mix in the Packaging segment were the primary drivers of the decrease in earnings.
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