07.27.18
Packaging Corporation of America reported second quarter 2018 net income of $187 million, or $1.97 per share and net income of $197 million, or $2.08 per share, excluding special items. Second quarter net sales were $1.8 billion in 2018 and $1.6 billion in 2017.
“Packaging segment demand remained strong with all-time record sales volumes in both our containerboard mills and corrugated products plants,” Mark Kowlzan, chairman and CEO, said. “Our price increases in the Packaging segment were realized sooner than last year’s second quarter due to the index changing a month earlier this year as well as an accelerated implementation. Additionally, our price increases in the Paper segment were also realized more quickly than anticipated.”
PCA is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in the North America. PCA operates eight mills and 94 corrugated products plants and related facilities.
“Packaging segment demand remained strong with all-time record sales volumes in both our containerboard mills and corrugated products plants,” Mark Kowlzan, chairman and CEO, said. “Our price increases in the Packaging segment were realized sooner than last year’s second quarter due to the index changing a month earlier this year as well as an accelerated implementation. Additionally, our price increases in the Paper segment were also realized more quickly than anticipated.”
PCA is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in the North America. PCA operates eight mills and 94 corrugated products plants and related facilities.