Packaging Corp. of America Reports 13% Gain In Q1 Profit

(RTTNews) - Packaging Corp. of America (PKG) reported earnings for its first quarter that increased from last year.

The company said its bottom line advanced to $119.6 million, or $1.27 per share. This was up from $105.6 million, or $1.11 per share, in last year's first quarter.

Analysts had expected the company to earn $1.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.0% to $1.54 billion. This was up from $1.40 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q1): $119.6 Mln. vs. $105.6 Mln. last year. -Earnings Growth (Y-o-Y): 13.3% -EPS (Q1): $1.27 vs. $1.11 last year. -EPS Growth (Y-o-Y): 14.4% -Analysts Estimate: $1.23 -Revenue (Q1): $1.54 Bln vs. $1.40 Bln last year. -Revenue Change (Y-o-Y): 10.0%