Packaging Corporation Of America Q1 Profit Misses Estimates - Quick Facts

(RTTNews) - Packaging Corporation of America (PKG) reported first-quarter net income of $91 million, or $0.92 per share compared to $90 million, or $0.92 per share, prior year. Earnings included charges for special items for the Boise integration and DeRidder, Louisiana mill restructuring of $9 million, or $0.09 per share. Excluding special items, first quarter 2015 net income was $100 million, or $1.01 per share.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.08 for the quarter. Analysts' estimates typically exclude special items.

First quarter net sales were $1.43 billion in both 2015 and 2014. Analysts expected revenue of $1.44 billion for the quarter.

The company currently expects second-quarter earnings of $1.03 per share. Analysts expect the company to report second-quarter earnings per share of $1.23.