PKG Maintained by UBS -- Price Target Lowered to $289

PKG reported Q3 revenue of $2.60B (12.5% YoY growth), adjusted EPS of $3.04 (4.3% beat), and adjusted EBITDA of $577.2M (2.1% beat). Sales volumes rose 18.6% YoY, driven by demand outside agricultural markets. Greif acquisition synergies are tracking toward $40–$50M annually. Price increases and operational upgrades support margins, but cost inflation pressures persist. Management expects further margin improvement as price hikes flow through.

Truist Securities raised its price target for Packaging Corp. of America (PKG) to $294 from $280, maintaining a Buy rating. The company reported Q3 operating EPS of $3.04, beating estimates. PKG's stock is up 23% YTD. Demand declined slightly due to agricultural and consumer issues, but pricing gains offset some costs. Truist expects Q4 results to exceed expectations and sees potential upside in Q1. The stock trades at $245.32, near its 52-week high.

Packaging Corp of America (PKG) reported Q3 2026 earnings, with Q4 guidance of $2.81 per share, down from Q3 due to higher costs and maintenance outages. The company faces rising input costs and legacy product volume declines. Q4 volume is expected to be flat. The Greif acquisition contributed to strong Q3 performance, with synergies exceeding targets. Several projects are expected to drive future growth, including mill upgrades and energy initiatives.

Packaging Corporation of America (PKG) announced a third price increase, expecting most of it in Q1. Q3 containerboard production rose to 1.286M tons, with inventories up 34,000 tons. Corrugated shipments increased 11% YoY, while legacy shipments declined 0.5%. The company reported $472M in operational cash flow, $225M in free cash flow, and forecasts Q4 earnings of $2.81 per share, despite higher costs and maintenance expenses.

Packaging Corporation of America (PKG) reported Q3 2026 net income of $262M ($2.93 per share), with net sales at $2.6B. Excluding special items, earnings rose to $272M ($3.04 per share), driven by higher pricing and sales volume. CEO Mark Kowlzan highlighted strong operational performance despite cost headwinds. The company expects Q4 earnings of $2.81 per share, excluding special items, citing seasonal demand and cost increases.

Packaging of America reported Q3 2026 net sales of $2.60B, net income of $262.3M, and adjusted EPS of $3.04, up from $2.73 a year earlier. The company expects Q4 adjusted EPS of $2.81. Revenue, gross profit, and operating income all increased year-over-year. Corrugated products shipments rose 10.6%, while legacy packaging shipments declined 0.5%.