FINWIRES · TerminalLIVE
FINWIRES

Research Alert: Pkg Reports Mixed Q1 Results, Provides Q2 Guidance

By

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

PKG reported mixed Q1 2026 results with adjusted EPS of $2.40, up $0.09 Y/Y and beating guidance of $2.20, while net sales rose 11% to $2.4B ($40M below expectations) driven by the Greif acquisition and volume growth in the legacy business. Total corrugated shipments per day surged 21.8% including Greif operations, with legacy business achieving record shipments per day (+2.8% Y/Y) despite one fewer shipping day. We view the operational excellence and the Greif integration progress as positive, with containerboard inventory down 39k tons sequentially and mills running at full capacity with strong production efficiency. Management guided for Q2 adjusted EPS to $2.33, reflecting cautious optimism amid higher maintenance outage expenses at five mills and increased freight costs. We expect continued strong packaging demand to support full mill capacity utilization, while the company focuses on completing Greif integration and inventory optimization across acquired corrugated facilities.

Related Articles

Research

Research Alert: Bhp Raises Copper Outlook On Escondida Strength, Cuts Unit Costs Significantly

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BHP delivered solid nine-month operational performance with copper production of 1,460.9kt, down 3% Y/Y, due to lower Escondida grades, while iron ore achieved record production of 196.6Mt, up 2%. Average realized copper prices surged 31% Y/Y to USD5.47/lb, led by AI infrastructure demand and electrification trends, with iron ore averaging USD84.91/wmt, up 2%. Strong operational momentum at key assets including record material mined at Escondida and excellence at WAIO support the investment thesis despite grade headwinds. Management upgraded FY 26 (Jun.) copper guidance to the upper half of the 1,900-2,000kt range, reflecting operational confidence. BHP's disciplined capital management realized USD4.8B through strategic transactions, including the Antamina streaming deal, enabling focus on growth projects. Escondida's unit cost guidance was lowered to USD1.00-1.20/lb, reflecting operational excellence, while the Resolution Copper land exchange milestone advances a major untapped copper resource.

$BHP
Research

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of TRIP, an online travel agency, due to a shift in investor focus. Our previous recommendation on shares of TRIP was Hold.

$TRIP
Research

Research Alert: CFRA Drops Stars Coverage Of Six Flags Entertainment Corp

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of FUN, an amusement park operator, due to a shift in investor focus. Our previous recommendation was Hold.

$FUN