Packaging Corporation of America reported solid Q3 2025 results with net income increasing to $227 million, boosted by the acquisition of Greif Containerboard, contributing positively to earnings per share.

• Net sales rose to $2.3 billion, up from $2.2 billion in Q3 2024, reflecting strong price improvements across both Packaging and Paper segments.
• Adjusted EBITDA excluding special items increased to $503 million, affirming operational efficiency despite higher costs and lower production volumes.
• Integration of the Greif Containerboard acquisition began smoothly, adding 47,000 tons of production in its first month and expected to enhance long-term productivity.
• EBITDA margin for the Packaging segment improved to 23.1%, up from 22.2% year-over-year, showcasing effective cost management and pricing strategies.
• Customer ordering patterns indicate gradual improvement, with a hopeful outlook for demand trends heading into Q4 2025.