PACKAGING CORPORATION OF AMERICA increase profits by 14%
packaging Corporation of America increased its profit by 14%
According to the financial results for the 2nd quarter 2015 net income of Packaging Corporation of America (Lake Forest, Illinois, USA) grew at an annual rate of 14%, reaching a record $ 114 million. Sales were $ 1.5 billion, compared to the same period last , the rate has not changed significantly.
Sales of packaging products in Q2. 2015 reached $ 1.142 billion, earnings and EBITDA in this segment – $ 267 million. The implementation of the paper was to be $ 295 million, the profit on EBITDA – $ 45 million. In Q3. 2015 Guide Packaging Corporation of America expects shipments of container and corrugated cardboard, paper, as well as lower prices for chemicals. At the end of the 1st half of 2015 sales of Packaging Corporation of America declined slightly year on year to $ 2.88 billion, net profit rose 8% to $ 204.8 million. Packaging Corporation of America is the fourth largest producer of containerboard and corrugated packaging in USA.