NYSE:PKGPackaging
How Investors Are Reacting To Packaging Corp (PKG) Earnings Miss, Leadership Shifts, and New Labor Suit
Packaging Corporation of America recently reported quarterly revenue of US$2.36 billion, up 10.1% year on year but below analyst expectations, while also announcing the planned retirement of long-serving director Paul T. Stecko, the promotion of Fabian C. Strauss to Senior Vice President Finance, Controller & Treasurer, and facing a new California labor class action over alleged rest and meal break violations.
Together, the earnings shortfall against forecasts, leadership transition in the...