Filing Flows › Packaging Corp of America (PKG) › Guidance & outlook

Packaging Corp of America (PKG) guidance and outlook

Packaging Corp of America's 10-Q filed Nov 5, 2026 makes 15 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 5, 2026

• This management’s discussion and analysis includes statements regarding our expectations with respect to our future performance, expected business conditions, liquidity, and capital resources.
• In addition to continued increases in freight costs, as a result of higher diesel fuel prices, we saw significant increases in recycled fiber, purchased power, and chemical costs during the third quarter, which we expect to continue at elevated levels.
• Looking ahead as we move from the third quarter into the fourth quarter, we expect solid corrugated products demand with some seasonal improvement.
• Prices for containerboard and corrugated products are expected to improve as we continue to implement earlier price increases, but corrugated products mix will be seasonally weaker with higher e-commerce volumes, partially offsetting the benefit from higher prices.
• Containerboard production will be lower with maintenance outages at three of our mills, and mill maintenance outage expenses, including the impact on production volume from those fourth quarter outages, will be significantly higher in the fourth quarter.
• We expect seasonally lower volume and slightly higher prices in the Paper segment.
• We expect freight costs to increase across our business with diesel fuel prices increasing above third quarter levels.
• We also expect costs for recycled fiber to continue to increase as well as higher wood fiber costs due to winter yields and mill mix.
• Considering these items, we expect fourth quarter earnings to be lower than the third quarter of 2026, excluding special items.
• We believe that net cash generated from operating activities, cash on hand, available borrowings under our revolving credit facility, and available capital through access to capital markets will be adequate to meet our liquidity and capital requirements, including payments of any declared common stock dividends, for the foreseeable future.
• As our debt or credit facilities become due, we will need to repay, extend, or replace such facilities.
• Our ability to do so will be subject to future economic conditions and financial, business, and other factors, many of which are beyond our control.

Packaging Corp of America's latest quarter

Questions

What does Packaging Corp of America expect?

This management’s discussion and analysis includes statements regarding our expectations with respect to our future performance, expected business conditions, liquidity, and capital resources. In addition to continued increases in freight costs, as a result of higher diesel fuel prices, we saw significant increases in recycled fiber, purchased power, and chemical costs during the third quarter, which we expect to continue at elevated levels. Looking ahead as we move from the third quarter into the fourth quarter, we expect solid corrugated products demand with some seasonal improvement.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.