NYSE:PKGPackaging
How Earnings Miss and Hydropower Review Delays At Packaging Corp of America (PKG) Have Changed Its Investment Story
Packaging Corporation of America recently reported quarterly revenues of US$2.37 billion, up 10.6% year on year but below analyst expectations for both revenue and EPS, while also requesting more time from federal regulators to complete environmental analysis for its International Falls Hydroelectric Project license application.
Although the company’s results lagged industrial packaging peers versus analyst estimates, management’s continued regulatory engagement and upcoming investor...