Packaging Corporation of America (PKG) reported its third quarter 2024 results, surpassing analysts' estimates. The company's strong performance was driven by its pricing power. Following the earnings report, PKG shares rose 3.80% in premarket trading, with an initial increase of 3.2%. The stock continued to perform well, increasing by over 5.5% later in the day. PKG is recognized as a best-in-class packaging company.