Packaging Corporation of America (NYSE:PKG) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET
Company Participants
Mark Kowlzan – Chairman and Chief Executive Officer
Tom Hassfurther – Executive Vice President, Corrugated Products
Bob Mundy – Executive Vice President and Chief Financial Officer
Conference Call Participants
George Staphos – Bank of America Securities
Mike Roxland – Truist Securities
Gabe Hajde – Wells Fargo
Mark Weintraub – Seaport Research Partners
Philip Ng – Jeffries
Anthony Pettinari – Citi
Charlie Sands – BNP Paribas
Ryan Fox – Bloomberg
Operator
Good morning, everyone. Thank you for joining Packaging Corporation of America’s Third Quarter 2024 Earnings Results Conference Call. Your host will be Mark Kowlzan, Chairman and Chief Executive Officer of PCA. Upon conclusion of his narrative, there will be a question-and-answer session.
I’d like to turn the conference call over to Mr. Kowlzan. Sir, please proceed when you’re ready.
Mark Kowlzan
Thank you, Jamie. Good morning, everyone, and thank you all for participating in Packaging Corporation of America’s third quarter 2024 earnings release conference call. Again, I’m Mark Kowlzan, Chairman and CEO of PCA. With me on the call today is Tom Hassfurther, Executive Vice President, who runs our packaging business, and Bob Mundy, our Chief Financial Officer.
As usual, I’ll begin the call with an overview of the third quarter results, and then I’ll turn the call over to Tom and Bob, who will provide further details and then I’ll wrap things up and then we’d be glad to take questions later.
Yesterday, we reported third quarter net income of $238 million, or $2.64 per share. Excluding special items, third quarter 2024 net income was $239 million, or $2.65 per share compared to the third quarter of 2023 net income of $185 million or $2.05 per share. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. Total company EBITDA for the
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