04:34 PM EDT, 10/22/2024 (MT Newswires) -- Packaging Corporation of America ( PKG ) reported Q3 adjusted earnings late Tuesday of $2.65 per diluted share, up from $2.05 a year earlier.

Analysts polled by Capital IQ expected $2.50.

Net sales in the quarter ended Sept. 30 rose to $2.18 billion from $1.94 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.09 billion.

The company expects Q4 EPS of $2.47. Analysts surveyed by Capital IQ projected adjusted EPS of $2.41 and $2.44 on a GAAP basis.

Shares of the company rose 2.5% in after-hours activity.

Price: 222.00, Change: +5.34, Percent Change: +2.46