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Packaging Corp.: 4Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ Packaging Corp. of America (PKG) on Wednesday reported fourth-quarter profit of $136.2 million.

The Lake Forest, Illinois-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring costs, came to $1.71 per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.71 per share.

The maker of containerboard and corrugated packaging products posted revenue of $1.72 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.7 billion.

For the year, the company reported profit of $696.4 million, or $7.34 per share. Revenue was reported as $6.96 billion.

Packaging Corp. shares have decreased 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $105.04, a rise of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKG at https://www.zacks.com/ap/PKG