Packaging of America (PKG) Q3 2018 Results - Earnings Call Transcript

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Packaging Corp. of America (NYSE:PKG) Q3 2018 Earnings Call October 25, 2018 9:00 AM ET


Mark W. Kowlzan - Packaging Corp. of America

Thomas A. Hassfurther - Packaging Corp. of America

Robert P. Mundy - Packaging Corp. of America


Chip Dillon - Vertical Research Partners LLC

Ashish Gupta - Stephens, Inc.

Mark William Wilde - BMO Capital Markets (United States)

George L. Staphos - Bank of America Merrill Lynch

Anthony Pettinari - Citigroup Global Markets, Inc.

Debbie A. Jones - Deutsche Bank Securities, Inc.

Mark Weintraub - Seaport Global Holdings LLC

Scott L. Gaffner - Barclays Capital, Inc.

Brian Maguire - Goldman Sachs & Co. LLC

Steven Pierre Chercover - D.A. Davidson & Co.

Adam Jesse Josephson - KeyBanc Capital Markets, Inc.

Gabe S. Hajde - Wells Fargo Securities LLC


Thank you for joining Packaging Corporation of America's Third Quarter 2018 Earning Results Conference Call.

Your host today will be Mark Kowlzan, Chief Executive Officer of PCA. Upon conclusion of his narrative, there will be a Q&A session.

I will now turn the conference over to Mr. Kowlzan, and please proceed when you are ready.

Mark W. Kowlzan - Packaging Corp. of America

Good morning and thank you for participating in Packaging Corporation of America's third quarter 2018 earnings release conference call. I'm Mark Kowlzan, Chairman and CEO of PCA. And with me on the call today is Tom Hassfurther, Executive Vice President, who runs the Packaging business; and Bob Mundy, our Chief Financial Officer.

I'll begin the call with an overview of our third quarter results and then I'm going to turn it over to Tom and Bob, who'll provide further details. And then I'll wrap things up and then we'll be glad to take any questions.

Yesterday, we reported third quarter net income of $207 million, or $2.18 per

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