Packaging Corporation of America Reports Second Quarter 2020 Results

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LAKE FOREST, Ill.--Jul. 28, 2020-- Packaging Corporation of America (NYSE: PKG) today reported second quarter 2020 net income of $57 million, or $0.59 per share, and net income of $132 million, or $1.38 per share, excluding special items. Second quarter net sales were $1.54 billion in 2020 and $1.76 billion in 2019.

Diluted earnings per share attributable to Packaging Corporation of America shareholders

PCA 31july20 2 

Reported earnings in the second quarter of 2020 include $.79 per share of special items expense primarily for the impairment of goodwill associated with our Paper segment (as described below), the previously reported closure of our corrugated products production facility in San Lorenzo, CA, and costs and expenses associated with the COVID-19 pandemic.

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Source: Packaging Corporation of America

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