Packaging Corp. of America reported growing revenue but a lower profit in the second quarter as costs increased.

The cardboard-box maker on Wednesday posted a profit of $192.1 million, or $2.15 a share, compared with $241.5 million, or $2.67 a share, a year earlier.

On an adjusted basis, the company reported earnings of $2.35 a share. Analysts polled by FactSet expected $2.31 a share.

Revenue rose to $2.49 billion, up from $2.17 billion a year earlier and roughly in line with analyst estimates.

Despite the revenue growth, the Lake Forest, Ill., company's profit slid year-over-year driven by an increase in costs, which included charges related to closures of product facilities, renewable energy projects, acquisition costs, and facility discontinuations.

Chief Executive Mark Kowlzan said the company is anticipating continued strong demand in the packaging segment, but lower volumes and higher prices in the paper segment, partially as a result of maintenance outages.

In the company's legacy packing business, total corrugated-product shipments were up 4.1% compared with the prior year. Including the acquired Greif business, total corrugated-product shipments were up 24%.

Sales volume in the paper segment rose 6.3% year-over-year.

The company forecast third-quarter adjusted earnings of $2.91 a share. Analysts are expecting $2.94 a share.

Shares fell 2.7%, to $222.00, in after-hours trading Wednesday.

Write to Elias Schisgall at elias.schisgall@wsj.com and Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 22, 2026 18:26 ET (22:26 GMT)

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