Packaging Corporation of America Just Filed Its Quarterly Report: 5. Earnings Pe...

5. Earnings Per Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data):

 






























































































































































































































 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

Numerator:

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

262.5

 

 

$

250.7

 

 

$

818.2

 

 

$

624.6

 

Less: Distributed and undistributed earnings allocated to participating
   securities

 

 

(1.9

)

 

 

(1.7

)

 

 

(6.4

)

 

 

(4.9

)

Net income attributable to common shareholders

 

$

260.6

 

 

$

249.0

 

 

$

811.8

 

 

$

619.7

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

92.8

 

 

 

94.3

 

 

 

92.9

 

 

 

94.2

 

Effect of dilutive securities

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

Weighted average diluted common shares outstanding

 

 

93.2

 

 

 

94.7

 

 

 

93.3

 

 

 

94.6

 

Basic income per common share

 

$

2.81

 

 

$

2.64

 

 

$

8.74

 

 

$

6.58

 

Diluted income per common share

 

$

2.80

 

 

$

2.63

 

 

$

8.70

 

 

$

6.55

 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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