{
  "report_rows": [
    {
      "kpi": "EPS ex-items (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.45 vs. cons $2.35",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Packaging EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$490M vs. cons $474M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Corrugated Volume - Packaging KTons (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~1,380 KTons vs. cons 1,343 KTons",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 EPS (Q3 2026)",
      "prediction": "LOWER",
      "answer": "guide ~$3.20-$3.30 vs. cons $3.47",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 EPS implied (FY 2026)",
      "prediction": "LOWER",
      "answer": "implied ~$10.15-$10.35 vs. cons $10.40",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 demand/volume tone (Q3 2026)",
      "prediction": "UNCHANGED",
      "answer": "Strong, mills full, price increases substantially recognized in Q3",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE - Q3 guide cut flows through sell-side models trimming near-term estimates even as Q3 narrative remains intact",
  "day5_confidence": "MEDIUM"
}