By Kelly Cloonan

Packaging Corp. of America backed its guidance for the current quarter as its recently acquired cardboard box business from Greif performs better than expected.

The company continues to forecast adjusted per-share earnings of $2.40 for the fourth quarter, according to an investor presentation. Analysts polled by FactSet forecast $2.46.

In its legacy business, corrugated shipments are down about 1.8% per day this quarter through November compared to the year-ago period, the company said.

Including the Greif acquisition, which closed in September, shipments are up 17% per day, the company said, noting it is shifting some of its legacy corrugated business to Greif's operations. The Greif business has performed better than expected so far this quarter, the company said.

Due to its work to reconfigure its Wallula container board mill, Packaging Corp. also said it expects annual savings of $75 million to $85 million, including lower production costs.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 10, 2025 07:43 ET (12:43 GMT)

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