Packaging Corporation of America
Packaging Corp of America Reports 2023 Earnings
Summary
Packaging Corporation of America reported a net income of $189 million, or $2.10 per share, for the fourth quarter of 2023, and $765 million, or $8.48 per share, for the full year, excluding special items. The reported earnings for both periods were impacted by special items, primarily related to the conversion of the Jackson, AL mill and the closure of corrugated products facilities. Excluding these special items, the company's earnings per share were $2.13 for Q4 2023 and $8.70 for the full year 2023.
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About Packaging Corporation of America
Packaging Corporation of America is a premier manufacturer and provider of packaging solutions in the United States. The company specializes in producing high-quality containerboard and corrugated packaging products. Its primary function is to offer sturdy and reliable packaging solutions that support businesses across various industries, ensuring their products are safely packaged for transport and storage. Known for its efficient and sustainable manufacturing processes, Packaging Corporation of America plays a significant role in the supply chain, servicing sectors like food and beverage, automotive, and electronics. With its extensive network of plants and distribution centers, the company ensures timely delivery and responsiveness to market demands. Headquartered in Lake Forest, Illinois, Packaging Corporation of America emphasizes eco-friendly practices, contributing to the growing trend of sustainability in packaging. Its commitment to quality and environmental responsibility makes it a notable entity within the industrial and materials segment of the financial market, reflecting its position as a vital component of modern logistics and commerce.
Official SEC Documents
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