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Public signal · 1-minute delayed
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PKG reported Q2 2024 adjusted EPS of $2.20, beating estimates. Sales growth of 6.3% year-over-year reached $2.08 billion. Higher volumes in Packaging segment drove sales; adjusted operating profit declined. Cash balance improved to $1.17 billion from $0.63 billion year-over-year. Q3 2024 EPS projected at $2.45, with expected price increase.
- PKG reported Q2 2024 adjusted EPS of $2.20, beating estimates.
- Sales growth of 6.3% year-over-year reached $2.08 billion.
- Higher volumes in Packaging segment drove sales; adjusted operating profit declined.
- Cash balance improved to $1.17 billion from $0.63 billion year-over-year.
- Q3 2024 EPS projected at $2.45, with expected price increase.
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