Industry News, Printers News

Packaging Corporation of America Reports 2Q 2017 Results

Second quarter net sales were $1.6 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 second quarter 2017 net income of $143 million, or $1.52 per share and $1.52 per share excluding special items. Second quarter net sales were $1.6 billion in 2017 and $1.4 billion in 2016.   Excluding special items, the $.27 per share increase in second quarter 2017 earnings compared to the second quarter of 2016, was driven primarily by higher prices and mix ($.25), sales volumes ($.09), and production volumes ($.03) in the Packaging segment, lower an...

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