AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 14.7% YoY to $2.49B on the Greif acquisition and higher legacy volume, but net income fell to $192.1M as Wallula mill restructuring charges, higher freight, and higher interest expense outweighed the gains.
Biggest Revenue Drivers
Packaging$2,311.3M+15.2% YoY
Higher volume from the acquired Greif business (+$258M) and higher legacy volume (+$58M), partially offset by lower containerboard and corrugated products prices and mix (-$11M)
Paper$157.3M+7.9% YoY
Higher volumes (+$9M) and higher prices and mix (+$2M)
Biggest Revenue Drivers
Total revenue: $2.49B+14.7% YoY
Packaging$2,311.3M+15.2% YoY
Higher volume from the acquired Greif business (+$258M) and higher legacy volume (+$58M), partially offset by lower containerboard and corrugated products prices and mix (-$11M)
Paper$157.3M+7.9% YoY
Higher volumes (+$9M) and higher prices and mix (+$2M)
Corporate and Other$21.3M
Primarily Louisiana Timber Procurement Company (LTP) sales to Boise Cascade
Largest Expense Items
Selling, general and administrative expenses$179.3M+17.0% YoY
Higher employee-related expenses, higher depreciation related to the acquired business, and higher IT and outside service expenses
Other expense, net$42.0M
Includes Wallula mill restructuring ($6.3M), facilities closure costs ($8.8M), acquisition/integration costs ($3.3M), and asset disposals ($11.0M)
Margins: Gross profit rose to $512.5M from $483.0M on higher volumes and lower maintenance outage expense, but operating income fell to $291.2M from $333.7M as Q2'26 included $24M of special-item expense (Wallula restructuring, facility closures, acquisition costs) versus $23M of special-item income a year earlier.
Watch Items from the Filing
PCA and seven other containerboard producers were named defendants in a July 29, 2025 antitrust class action alleging price-fixing conspiracy from November 2020 to present, seeking treble damages.
Wallula, Washington mill restructuring drove $187.7M of pre-tax charges, including $59.7M expensed in the first half of 2026, from the permanent shutdown of the No. 2 paper machine and kraft pulping facilities.
Interest expense, net more than doubled to $33.3M from $13.1M YoY due to debt financing for the $1.8B Greif Acquisition.
Reported containerboard prices increased $20/ton in Q1 2026, $30/ton in April, and $50/ton in June, expected to drive further price/mix improvement in Q3 and Q4 2026.
Legacy PCA business earnings declined $0.27/share YoY on higher freight, labor, fiber, and interest costs and unfavorable Packaging price/mix, while the acquired Greif business added $0.14/share.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Porter Roger BReporting ownerGrant or award · May 12, 2026
Beebe Cheryl KReporting ownerGrant or award · May 12, 2026
Farrington Duane CReporting ownerGrant or award · May 12, 2026
Gowland Karen EReporting ownerGrant or award · May 12, 2026
Harman Donna A.Reporting ownerGrant or award · May 12, 2026
Lyons Robert CReporting ownerGrant or award · May 12, 2026
Souleles Thomas SReporting ownerGrant or award · May 12, 2026
Congress trading in PKG
19 transactions in PKG reported by 5 members of Congress under the STOCK Act, most recent trade Aug 25, 2026. Reported transactions, not recommendations.
About PACKAGING CORP OF AMERICA (PKG): stock profile, AI score and financials
PACKAGING CORP OF AMERICA (PKG) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores PKG at 62.9/100 on a composite quality score built from its SEC filings, placing it at rank #662 of 2,925 stocks — the top 25% of the AI-ranked universe. PKG scores in the top quartile across revenue scale (85.7), earnings quality (78.5), balance sheet strength (76.7). Based on the latest XBRL financial filings (Q2 2026), PACKAGING CORP OF AMERICA reports quarterly revenue of $2.5B, net income of $192.1M, an operating margin of 11.7%. Top institutional holders of PKG by reported 13-F value include BlackRock, PRICE T ROWE ASSOCIATES, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PKG trades on the NYSE exchange and files with the SEC under CIK 75677. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PKG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PACKAGING CORP OF AMERICA directly from SEC EDGAR.