Packaging Corporation Of America Reports Q4 EPS Of $1.16 Excl. Special Items

(RTTNews) - Packaging Corporation of America (PKG) reported fourth-quarter net income of $98.5 million or $1.00 per share, compared to $228.1 million or $2.34 per share, prior year. Excluding special items, fourth quarter 2014 net income was $114 million, or $1.16 per share.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.17 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.43 billion from $1.26 billion last year. Analysts expected revenue of $1.49 billion for the quarter.

The company currently expects first-quarter earnings of $1.07 to $1.10 per share. Analysts expect the company to report first-quarter earnings per share of $1.26.