Latest news with #LakeForest
Reuters
16 hours ago
- Business
- Reuters
Packaging Corp forecasts profit below estimates on export, freight pressures
July 23 (Reuters) - Packaging Corp of America (PKG.N), opens new tab forecast third-quarter profit below Wall Street estimates on Wednesday, hurt by rising freight costs and weak export containerboard sales amid global trade uncertainty. The Lake Forest, Illinois-based company specializes in delivering paper and packaging products catering to a range of sectors, including the food and beverage industry, paper manufacturing, and retail commerce. While demand for packaging goods is recovering from a post-pandemic slowdown, sticky inflation and cautious consumer sentiment have pressured sales, especially while its customers navigate trade uncertainties due to tariffs. CEO Mark Kowlzan said pricing in both packaging and paper will remain flat in the third quarter, while freight costs will rise due to higher rail rates. The company expects third-quarter profit of $2.80 per share, compared with analysts' average estimate of $2.92 per share, according to LSEG data. Packaging Corp's net sales rose slightly to $2.17 billion in the quarter ended June 30, from $2.07 billion a year earlier. Analysts on average estimated $2.19 billion, according to data compiled by LSEG. Its adjusted profit for the second quarter came in at $2.48 per share, compared with estimates of $2.44.
Yahoo
17 hours ago
- Business
- Yahoo
Packaging Corp forecasts profit below estimates on export, freight pressures
(Reuters) -Packaging Corp of America forecast third-quarter profit below Wall Street estimates on Wednesday, hurt by rising freight costs and weak export containerboard sales amid global trade uncertainty. The Lake Forest, Illinois-based company specializes in delivering paper and packaging products catering to a range of sectors, including the food and beverage industry, paper manufacturing, and retail commerce. While demand for packaging goods is recovering from a post-pandemic slowdown, sticky inflation and cautious consumer sentiment have pressured sales, especially while its customers navigate trade uncertainties due to tariffs. CEO Mark Kowlzan said pricing in both packaging and paper will remain flat in the third quarter, while freight costs will rise due to higher rail rates. The company expects third-quarter profit of $2.80 per share, compared with analysts' average estimate of $2.92 per share, according to LSEG data. Packaging Corp's net sales rose slightly to $2.17 billion in the quarter ended June 30, from $2.07 billion a year earlier. Analysts on average estimated $2.19 billion, according to data compiled by LSEG. Its adjusted profit for the second quarter came in at $2.48 per share, compared with estimates of $2.44. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
2 days ago
- Sport
- New York Times
The Ben Johnson Show starts now at Bears camp. All eyes and ears are on him
LAKE FOREST, Ill. — For the first time reporters could remember, the Bears' general manager appeared at a training-camp-opening news conference and didn't take questions. Typically, it's one of our few chances to hear from him during the season, and it's the rare time he can be optimistic before things go to you-know-where. Advertisement On Tuesday afternoon, Ryan Poles gave some updates on injuries and signings — he wouldn't detail his own contract extension but he acknowledged it — but that was it. He spoke for about 3 1/2 minutes, said he'd be around to talk to reporters during camp, and quickly exited to the side to cede the lectern to head coach Ben Johnson. Most GMs whose teams go 15-36 over three years — and whose third season is a catastrophe even by Bears standards — get their security card revoked, but Poles got a longer contract to match Johnson's deal, so he'll be around for a while. Poles was allowed to spend the kind of money it takes to land a promising young coach like Johnson and get a fresh start in Year 4. But once Johnson knotted up his orange tie and signed his massive contract, there was no question he was in charge at Halas Hall. No offense to Poles, Kevin Warren or George McCaskey, but it's Johnson's show here. And don't just limit his power to Lake Forest. As he prepares to start his first season in charge, you could say Johnson is the most important coach, player or sports executive in Chicago. All eyes and ears are on him. Coach Johnson is live at the podium — Chicago Bears (@ChicagoBears) July 22, 2025 Every NFL head coach is a leading man, but the Bears' casting process doesn't exactly bring to mind the glory days of the Hollywood studios. At this time last year, Johnson's predecessor, Matt Eberflus, was in full glow-up mode as the 'Hard Knocks' cameras documented his season-opening party at his local mansion. Johnson looks the part with a winsome smile and a quick wit, but can he take the Bears offense into the 20th century? (Baby steps.) He was brought in from Detroit to see what the Bears have in Caleb Williams, the erstwhile No. 1 pick and the crown jewel of the team's latest rebuild, and to get the Bears back to the playoffs, a destination they've reached just three times in the last 18 seasons. He needs to make Williams better than the three would-be quarterback saviors who came before him. Advertisement Having a quarterback throw for 4,000 yards in a season and making the playoffs are achievable goals for many NFL franchises, but not this one. Here, it's a summit that hasn't been reached. With all of that prologue in mind, Johnson offered some encouraging words to the people who are sick of losing seasons and perpetual disorder in Lake Forest and Soldier Field. 'This is a race now,' Johnson said. 'Everything is a race.' And he doesn't mean it in a 'put your track shoes on' kind of way like Eberflus. While it's my firm belief that the NFL starts too early — football practices should start on Aug. 1 — I can see why Johnson is in a hurry. Yes, he's had offseason workouts to install his offense, but the Bears' opener is Monday night, Sept. 8, and there's a lot of work to do between now and that national spotlight home game against the Minnesota Vikings. Training camp is hot, mundane drudgery, but for a coach like Johnson, it's heaven. He seems most excited about getting into the dog days of practice and seeing that zone where his offensive players are reacting instead of thinking. We saw a lot of thinking last season during Williams' rookie year and a lot of losing. 'It's how you get good at anything,' Johnson said. 'It's repetition, over and over and over again. You watch tape. You put yourself in that mindset: 'If I was here now in this situation, what would I do?' That's why the situations we practice over the course of camp are going to be huge, not only for me but the rest of the staff and the players to figure out how my mind works, so that they can play off of that accordingly. I just hope we can, in six weeks, get enough reps to feel good going into Week 1. That's the challenge.' Every coach has these zen-like goals before camp starts and then reality gets in the way. Guys go down, the quarterback's throws go wide. We've seen it year after year. Advertisement Too many offensive coaches overcomplicate the process. Remember Matt Nagy? This shouldn't be brain surgery. It's just football. For all the adulation heaped on Johnson's creative offense, I appreciate that he seems to have a workmanlike attitude to his job. Training camp should be interesting this year. Or as interesting as watching football practice in the hot summer sun gets. If environmental reporters covered climate change with the fervor that we're about to cover Johnson's offense with, the world would be a better place. We should be plenty busy, from the three-man competition for the starting left tackle job to analyzing every Williams throw, Rome Odunze pass route and DJ Moore facial expression. 'Going into camp, it's going to be a lot here early on,' Johnson said. 'These first two weeks, we're still going to do a lot. And it's not so much to attack the defense or anything like that. We've got to find out who we are, and I'm going beyond just the quarterback here. I don't know if we're going to be a wide-zone team up front. I don't know if we're going to be a gap team yet. There's a lot of things that got to play out, and we won't know until we get the pads on.' It's late July and there is much to learn about this Bears team. But one thing we know is who's in charge. Halas Hall is officially Ben Johnson's world.
Yahoo
2 days ago
- Sport
- Yahoo
Chicago Bears veterans report for training camp
The long wait is over as the Chicago Bears are back at Halas Hall for the start of training camp this week ahead of what's expected to be a thrilling 2025 season. After Bears rookies and quarterbacks reported to Halas Hall on Saturday, veterans are now reporting to the team's Lake Forest facility on Tuesday. Chicago's first practice will be held on Wednesday, July 23, which is closed to the public. The Bears' first open practice will be on Friday, July 25, where a free ticket is required for entry (See the full schedule here). It's been quite an impactful offseason for the Bears, including most importantly the hiring of new head coach Ben Johnson. But they also overhauled the offensive line, with the trades for guards Joe Thuney and Jonah Jackson, as well as the signing of center Drew Dalman and they drafted offensive tackle Ozzy Trapilo in the second round. They also drafted more weapons for quarterback Caleb Williams in tight end Colston Loveland and wide receiver Luther Burden III. On defense, their additions were most modest, but they could wind up being impactful. The addition of new defensive coordinator Dennis Allen will be huge coupled with the free-agent signings of defensive tackle Grady Jarrett and defensive end Dayo Odeyingbo. Bears 2025 training camp schedule Wednesday, July 23 (8:30 a.m. CT) Thursday, July 24 (8:30 a.m. CT) Friday, July 25 (8:30 a.m. CT) - OPEN Saturday, July 26 (8:30 a.m. CT) - OPEN Monday, July 28 (8:30 a.m. CT) Tuesday, July 29 (8:30 a.m. CT) - OPEN Wednesday, July 30 (8:30 a.m. CT) - OPEN Thursday, July 31 (8:30 a.m. CT) - OPEN Saturday, August 2 (8:30 a.m. CT) - OPEN Sunday, August 3 (Family Fest) - OPEN Monday, August 4 (10:10 a.m. CT) Tuesday, August 5 (11:40 a.m. CT) Thursday, August 7 (11 a.m. CT) - OPEN Friday, August 8 (10:30 a.m. CT) - Joint practice with Dolphins - OPEN Monday, August 11 (12:30 p.m. CT) Wednesday, August 13 (12:30 p.m. CT) - OPEN Thursday, August 14 (11 a.m. CT) - OPEN Friday, August 15 (10:30 a.m. CT) - Joint practice with Bills - OPEN Monday, August 18 (8:30 a.m. CT) Wednesday, August 20 (12:30 p.m. CT) Follow Bears Wire on Twitter, Facebook and Instagram This article originally appeared on Bears Wire: Chicago Bears veterans report for training camp
Yahoo
5 days ago
- Sport
- Yahoo
Chicago Bears rookies, quarterbacks report for training camp
The wait is finally over as the Chicago Bears are gearing up for the start of training camp next week under new head coach Ben Johnson. Bears rookies and quarterbacks report to Halas Hall beginning Saturday, July 19. The rest of the team will report to the team's Lake Forest facility on Tuesday, July 22. Chicago will practice for the first time on Wednesday, July 23, which is closed to the public. The Bears' first open practice will be on Friday, where a free ticket is required for entry. The Bears have an impressive group of rookies this year, including several who are expected to be immediate contributors. That includes tight end Colston Loveland, wide receiver Luther Burden III and offensive tackle Ozzy Trapilo and defensive tackle Shemar Turner. Other notable rookies include linebacker Ruben Hyppolite II, cornerback Zah Frazier, offensive lineman Luke Newman and running back Kyle Monangai. All eight rookie draft picks are under contract following a delay in second-round signings, where Burden, Trapilo and Turner inked their deals recently. Quarterback Caleb Williams is entering his sophomore season and will have a strong supporting cast around him. Chicago prioritized building around Williams this offseason, including the hiring of Johnson, revamping the interior offensive line and adding even more weapons to the mix. Safe to say, the stage is set for a Year 2 breakout. Meanwhile, veteran Case Keenum was brought in to serve as another voice in the quarterback room while also competing with Tyson Bagent for the backup job. Bears 2025 training camp schedule Wednesday, July 23 (8:30 a.m. CT) Thursday, July 24 (8:30 a.m. CT) Friday, July 25 (8:30 a.m. CT) - OPEN Saturday, July 26 (8:30 a.m. CT) - OPEN Monday, July 28 (8:30 a.m. CT) Tuesday, July 29 (8:30 a.m. CT) - OPEN Wednesday, July 30 (8:30 a.m. CT) - OPEN Thursday, July 31 (8:30 a.m. CT) - OPEN Saturday, August 2 (8:30 a.m. CT) - OPEN Sunday, August 3 (Family Fest) - OPEN Monday, August 4 (10:10 a.m. CT) Tuesday, August 5 (11:40 a.m. CT) Thursday, August 7 (11 a.m. CT) - OPEN Friday, August 8 (10:30 a.m. CT) - Joint practice with Dolphins - OPEN Monday, August 11 (12:30 p.m. CT) Wednesday, August 13 (12:30 p.m. CT) - OPEN Thursday, August 14 (11 a.m. CT) - OPEN Friday, August 15 (10:30 a.m. CT) - Joint practice with Bills - OPEN Monday, August 18 (8:30 a.m. CT) Wednesday, August 20 (12:30 p.m. CT) Follow Bears Wire on Twitter, Facebook and Instagram This article originally appeared on Bears Wire: Bears training camp: Rookies, quarterbacks report to Halas Hall
