Packaging Corporation of America (NYSE: PKG), Lake Forest, IL, reported sales for the fourth quarter 2011 were $654 million, up 4 percent from fourth quarter 2010. Full-year sales were $2.6 billion, up 8 percent over 2010.
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Profit in the fourth quarter was $39 million. Profit for the full year was $162 million.
Corrugated products shipments were up 9 percent per workday and total shipments were up 7.2 percent, with one less workday, compared with last year’s fourth quarter. Outside sales of containerboard were essentially equal to last year. Containerboard production was 640,000 tons, up 2,000 tons over the fourth quarter of 2010, and PCA ended the year with its containerboard inventories about 11,000 tons below 2010 year-end levels.
PCA is a producer of containerboard and corrugated packaging products operating four paper mills and 71 corrugated products plants in 26 states across the country.