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Packaging Corporation of America Sales Up 13.5% in 2010

Packaging Corporation of America (NYSE: PKG), Lake Forest, IL, reported sales for 2010 were $2.44 billion, an increase of 13.5 percent over 2009. Profit for the manufacturer of containerboard and corrugated packaging products fell 22.8 percent to $205.4 million.

For the fourth quarter, sales were $626.7 million, up 18 percent compared to the same period a year ago. Profit fell 6.5 percent to $54.9 million.

Corrugated products shipments were up 3.1 percent, compared to last year’s fourth quarter, and outside sales of containerboard were up 8.6 percent.

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