Packaging Corporation of America (PKG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining Packaging Corporation of America's second quarter 2026 earnings results conference call. Your host today will be Mark Kowlzan, Chairman and Chief Executive Officer of PCA. Upon conclusion of his narrative, there will be a Q&A session. I would now like to turn the floor over to Mr. Kowlzan. Please proceed when you are ready. Thanks, Jamie. Good morning, everyone, and thank you all for participating in Packaging Corporation of America's second quarter 2026 earnings release conference call. Again, I'm Mark Kowlzan, Chairman and CEO of Packaging Corporation of America, and with me on the call today is Tom Hassfurther, President, and Kent Pflederer, our Chief Financial Officer. I'll begin the call, as usual, with an overview of our second quarter results, and then I'll be turning the call over to Tom and Kent, who will provide further details. I'll then wrap things up, and then we'll be glad to take questions. Yesterday, we reported second quarter net income of $192 million or $2.15 per share. Excluding special items, the second quarter 2026 net income was $210 million or $2.35 per share compared to the second quarter of 2025's net income of $224 million or $2.48 per share. Second quarter net sales were $2.5 billion in 2026 and $2.2 billion in 2025. Total company EBITDA for the second quarter excluding special items was $486 million in 2026 and $451 million in 2025. Second quarter net income included special items expense of 20 cents per share primarily for costs and write-offs related to facilities closures, the Wallula Mill restructuring charges and costs related to the acquisition and integration of the Greif Container Board business. Details of the special items for the second quarter of 2026 and 2025 were included in the schedules that accompani...