Packaging Corporation of America (PKG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Thank you for joining Packaging Corporation of America's first quarter 2026 earnings results conference call. Your host for today will be Mark Colzan, Chairman and Chief Executive Officer of PCA. Upon conclusion of his narrative, there will be a Q&A session. Please also note today's event is being recorded. I would now like to turn the floor over to Mr. Colzan. Please proceed when you are ready. Thanks, Jamie, and good morning, everyone. Thank you all for participating in Fact-Gene Corporation of America's first quarter, 2026 earnings release conference call. Again, I'm Mark Kolzan, Chairman and CEO of PCA, and with me on the call today is Tom Hasfer, President, and Kent Flutter, our Chief Financial Officer. As usual, I'll begin the call with an overview of the first quarter results, and then I'll be turning the call over to Tom and Kent, who will provide further details. And then I'll be wrapping things up, and then we'll be glad to take questions afterwards. Yesterday, we reported first quarter net income of $171 million or $1.91 per share. Excluding special items, first quarter 2026 net income was $215 million or $2.40 per share compared to the first quarter 2025 net income of $208 million or $2.31 per share. First quarter net sales were $2.4 billion in 2026 and $2.1 billion in 2025. Total company EBITDA for the first quarter excluding special items was $486 million in 2026 and $421 million in 2025. First quarter net income included special items expense of 49 cents per share primarily for the Lula Mill restructuring charges, as well as for costs relating to the acquisition and integration of the Greif Container Board business, and also costs related to the closure of corrugated products facilities. Details of the special items for the first qu...