Industry News, Printers News

Packaging Corporation of America Reports 1Q 2017 Results

First quarter net sales were $1.5 billion in 2017 and $1.4 billion in 2016.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Packaging Corporation of America reported first quarter 2017 net income of $117 million, or $1.24 per share and $1.27 per share excluding special items. First quarter net sales were $1.5 billion in 2017 and $1.4 billion in 2016.   In the Packaging segment, total corrugated products shipments with one additional workday were up 10.7% and shipments per day were up 8.9% over last year’s first quarter. Containerboard production was 932,000 tons, and containerboard inventory was down 16,000 tons co...

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