Packaging Corporation of America
Packaging Corp of America Reports Strong Fourth Quarter and Full Year 2024 Financial Results
Summary
Packaging Corporation of America reported fourth quarter 2024 net income of $221 million, or $2.45 per share, and full year net income of $805 million, or $8.93 per share. Excluding special items, the company reported $222 million in net income, or $2.47 per share, for Q4 2024 and $814 million, or $9.04 per share, for the full year. The strong results were driven by higher prices, mix, and volume in the Packaging segment and slightly higher volume and price/mix in the Paper segment. The company also furnished an earnings press release as Exhibit 99.1.
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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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