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Third quarter net sales were $1.5 billion in 2016, with net income of $119 million.
October 21, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Packaging Corporation of America reported third quarter 2016 net income of $119 million, or $1.26 per share and $1.30 per share excluding special items. Third quarter net sales were $1.5 billion in 2016 and in 2015. In the Packaging segment, corrugated products shipments, excluding TimBar, set all-time records for both total shipments as well as shipments per day with shipments up 1.7% over last year’s record third quarter with the same number of workdays. Containerboard production was 950,0...
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