Packaging Corporation of America shares gained 9.1% after the company reported record corrugated shipments and announced a US$140-per-ton containerboard price increase. Second-quarter 2026 sales rose to US$2,489.9 million, while net income eased to US$192.1 million, with earnings per share lower than a year earlier despite stronger volumes and contributions from the Greif containerboard acquisition. Management described the containerboard market as tight and signaled confidence by raising the annualized dividend to US$6.00 per share. The price hike is seen as a key near-term catalyst, though higher costs and demand uncertainty remain risks to profit realization.
Packaging Corp of AmericaAnnounced a $140/ton containerboard price increase, a key near-term catalyst.