July 23 - Packaging Corporation of America ( PKG )

forecast third-quarter profit above market estimates, aided by

higher pricing and strong demand for its corrugated packaging

products.

Demand for corrugated packaging and container board is

slowly improving from a post-pandemic slowdown that followed a

boost from e-commerce and delivery services during lockdowns.

The company supplies paper and packaging products for

industries such as food and beverages, retail trade and chemical

products.

PKG expects a third-quarter profit of $2.45 per share, above

analysts' estimates of $2.43 per share, according to LSEG data.

The Lake Forest, Illinois-based company reported a quarterly

adjusted profit of $2.20 per share, beating estimates of $2.14.

Corrugated products shipments per day were up 9.2%

year-over-year.

Total revenue for the second quarter ended June 30 was $2.08

billion, up 6.3% from a year earlier, compared with expectations

of $2.02 billion.