PKG - Packaging Corporation of America Handles the Effects of Lighter Volume in the Third Quarter
Packaging Corporation of America (NYSE: PKG) saw lighter volume and weakened pricing power in the third quarter of 2019, yet the manufacturer of containerboard and corrugating medium admirably kept its profit margins intact. Shareholders weren't too displeased with lower revenue and profits, given the company's disciplined execution: Shares were down less than 2% at midday on Thursday following its earnings release before the markets opened.
As we discuss results of the last three months below, note that all comparative numbers are presented against the prior-year quarter.
Data source: Packaging Corporation of America.