PKG - Packaging Non-GAAP EPS of $3.23 beats by $0.38 revenue of $2.24B beats by $100M

• Packaging press release ( NYSE: PKG ): Q2 Non-GAAP EPS of $3.23 beats by $0.38 .
• Revenue of $2.24B (+19.1% Y/Y) beats by $100M .
• "We expect continued inflation in most all of our operating and converting costs to be the primary driver of our third quarter results. Higher gas, purchased electricity, and chemical prices along with higher labor costs are expected to be the key areas during the quarter. Continued rail service challenges along with rail fuel surcharges that typically lag diesel fuel prices by 30-60 days should also result in higher freight and logistics expenses," the company statement.
• Guidance: The company expects third quarter earnings of $2.80 per share vs. consensus of Non-GAAP EPS of $3.11.

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