Furthermore, prevalent inflation in operating and converting costs, including incremental wage pressure with a tighter labor market, will dampen its margin. Earnings came above management's guidance of $2.14 per share, primarily aided by higher prices and mix in Packaging and Paper segments, as well as solid volumes in the Paper segment. Packaging Corporation of America Price, Consensus and EPS Surprise Packaging Corporation of America Price, Consensus and EPS Surprise | Packaging Corporation of America Quote Cost of products sold rose 10% year over year to $1,367 million in the quarter under review.