Packaging Corporation of America (PKG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Packaging Corporation of America third quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event has been recorded. I would now like to turn the conference over to Mr. Mark Colvin. Please go ahead. Thank you, Alyssa. Good morning, everyone. Thank you for all of you for participating in Patching Corporation of America's Third quarter, 2025 earnings release conference call. Again, I'm Mark Coles, then chairman and CEO of PCA. And with me on the call today is Tom Hasfurther, president, and Kent Flutterer, our chief financial officer. I'll begin the call, as usual, with an overview of our third quarter results. And then I'll turn the call over to Tom and Kent, who will provide further details. And then after that, I'll wrap things up, and we'd be glad to take any questions. Yesterday, we reported... third quarter net income of $227 million or $2.51 per share. Excluding the special items, third quarter 2025 net income was $247 million or $2.73 per share compared to the third quarter of 2024 net income of $239 million or $2.65 per share. Third quarter net sales were $2.3 billion in 2025 and $2.2 billion in 2024. Total company EBITDA for the third quarter, excluding special items, was $503 million in 2025 and $461 million in 2024. The third quarter net income included special items expense of 22 cents per share, The $0.22 were costs related to the acquisition of the Greif Container Board bus...