Industry News, Printers News

Packaging Corporation Of America Reports 1Q 2019 Results

First quarter net sales were $1.73 billion in 2019 and $1.69 billion in 2018.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Packaging Corporation of America reported first quarter 2019 net income of $187 million, or $1.97 per share and $1.98 per share excluding special items. First quarter net sales were $1.73 billion in 2019 and $1.69 billion in 2018.   In the Packaging segment, total corrugated products shipments and shipments per day were up 0.7% over last year’s first quarter. Containerboard production was 1,037,000 tons, and containerboard inventory was up 9,000 tons from the fourth quarter of 2018 and up 42,000...

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