Packaging Corp. of America said its third-quarter normalized net income was $1.63 per share, compared with the S&P Capital IQ consensus estimate of $1.68 per share.
EPS increased 30.1% year over year from $1.26.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $153.3 million, a gain of 30.3% from $117.6 million in the year-earlier period.
The normalized profit margin increased to 9.3% from 7.9% in the year-earlier period.
Total revenue increased 10.5% year over year to $1.64 billion from $1.48 billion, and total operating expenses increased 7.6% year over year to $1.37 billion from $1.27 billion.
Reported net income rose 16.9% from the prior-year period to $137.9 million, or $1.47 per share, from $117.9 million, or $1.26 per share.
