BUZZ-Packaging Corp shares rise on positive fourth-quarter earnings outlook

October 22 - ** Shares of US corrugated packaging and paper company Packaging Corp of America (stock code: PKG.N) rose 3.1% to $246.48

** PKG expects adjusted earnings per share of $2.81 for the fourth quarter of 2026, while analysts had expected $2.79—data compiled by LSEG

** Shipment volume and prices for the fourth quarter are expected to strengthen, but plant maintenance and raw material costs will increase

** “We have successfully built sufficient inventory, which allows us to efficiently supply our corrugated packaging business in the fourth quarter and helps us continue to mitigate rising freight costs,” said CEO Mark Kowlzan

** Adjusted earnings per share for the third quarter were $3.04, above the expected $2.92; revenue grew 12.5% year-on-year to $2.6 billion

** Including the increase on the day, the stock is up 19.7% year-to-date

(To facilitate non-native English speakers, Reuters has automatically translated its coverage into several other languages. As automated translation may contain errors or lack contextual accuracy, Reuters does not guarantee the accuracy of the automated translation text and provides it merely for reader convenience. Reuters assumes no responsibility for any damage or loss caused by the use of the automated translation feature.)