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Packaging Corporation of America Sales Up 85% in 1Q

Packaging Corporation of America (NYSE: PKG), Lake Forest, IL, reported first quarter sales of $1.4 billion, an 85 percent increase compared to the same period a year ago. Profit increased 71 percent to $106 million.

“We had an outstanding quarter, despite extremely severe weather conditions, driven by strong operations and the acquisition of Boise which was 48% accretive to PCA’s earnings. The integration of Boise with PCA operations remains ahead of schedule and positively impacted first quarter results.” said Mark W. Kowlzan, CEO. 

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