PKG · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
PACKAGING CORP OF AMERICA · 2026-11-05 · Importance 54 · Surprise 40 · From source text
Net sales for the third quarter of 2026 increased 12.5% year over year to $2,602 million, while nine-month sales rose 12.6% to $7,459 million. Packaging sales rose 13.4% to $2,414 million in the quarter, reflecting $175 million of acquired Greif volume and $117 million from higher prices and mix, partly offset by $6 million of lower legacy volume. For the first nine months, Packaging sales increased $810 million to $6,914 million, including $658 million from Greif, $124 million from price and mix, and $28 million from higher legacy volume. Paper sales increased 1.2% to $163 million in the quarter and 4.2% to $480 million for nine months; quarterly gains from $6 million of higher prices and mix were partly offset by $4 million of lower volume.
Key facts
- PCA’s third-quarter 2026 net income was $262 million, or $2.93 per diluted share, compared with $227 million, or $2.51 per diluted share, in third-quarter 2025. source
- Third-quarter 2026 net income excluding special items was $272 million, or $3.04 per diluted share, compared with $247 million, or $2.73 per diluted share, in third-quarter 2025. source
- PCA’s third-quarter 2026 Packaging net sales increased by $175 million from acquired Greif operations and $117 million from higher prices and mix, partly offset by $6 million from lower legacy volume. source
- PCA’s third-quarter 2026 Paper net sales increased by $6 million from higher prices and mix, partly offset by $4 million from lower volume. source
- PCA operates ten mills and 89 corrugated products manufacturing plants in the United States. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +6.7% | PCA’s third-quarter 2026 Packaging net sales increased by $175 million from acquired Greif operations and $117 million from higher prices… |
| revenue | positive | realized | +4.5% | PCA’s third-quarter 2026 Packaging net sales increased by $175 million from acquired Greif operations and $117 million from higher prices… |
| net_income | positive | realized | +1.4% | PCA’s third-quarter 2026 net income was $262 million, or $2.93 per diluted share, compared with $227 million, or $2.51 per diluted share,… |
| net_income | positive | realized | +1.0% | Third-quarter 2026 net income excluding special items was $272 million, or $3.04 per diluted share, compared with $247 million, or $2.73… |
| revenue | negative | realized | -0.2% | PCA’s third-quarter 2026 Packaging net sales increased by $175 million from acquired Greif operations and $117 million from higher prices… |